Will
Writing
Writing
a will is one of the most important things you will ever do and
yet seven out of ten people in the UK still die without having a
will in place. The Fantastic Funeral Company can help you with the
process of putting your affairs in order.
A will is a legal document and deals with all your personal assets
such as money, your house, car, household and personal effects.
It also deals with any Life Assurance Policies and Pensions. Any
outstanding mortgage, loans, credit card balances, household bills
etc, are deducted from your estate before the balance is handed
to your named beneficiaries.
A
will does not deal with health and medical matters as The Fantastic
Funeral Company Wish List does.
When writing your will you must appoint an executor.
Their role is to ensure your wishes are carried out. Depending on
the content of the will you may be advised to have more than one
executor. You may choose your husband/wife, children (if they are
over 18), other family members or a trusted friend. They can even
be a beneficiary of your will. Some of their responsibilities are
listed below:
•
Assessing
what property, investments and assets you held.
•
The
valuation of all your valuables.
•
The
collection of all details of debts and the payment of them.
•
The
collection of any pension and other money due.
•
The
transferal of any gifts to your beneficiaries.
You can prepare a will any time after the age of
18 (12 in Scotland). Once it has been signed and witnessed it becomes
a legally binding document.
It
can however be changed and updated as your circumstances change.
A will can be cancelled by simply destroying it and making a new
one.
Your will must be kept in a safe place, ideally with The Fantastic
Funeral Company Wish List and Funeral Plan. Tell any executors where
it is kept and make sure they have access to it upon your death.
“Don't
wait. The time will never be just right.”
Napoleon Hill, (1883-1970)
Need some help?
If
you have some questions, please see our FAQs section (click
here), alternatively please contact us - we would be very happy
to assist you.
Please
email The Fantastic Funeral Company here,
or telephone us on 0113 269 7892 |