What should you include in your will?

April 20, 2020 10:58 am

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When it comes to writing your will it can be a very emotional process, thinking about what items from your estate that you want to leave to particular members of your family and how best to protect your estate for your loved ones. Working with a Will Writing Cheltenham company is the best to ensure that your will is draft and filed correctly.

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There are a number of different things that you should think about when having your will drawn up:

Your estate value

This means listing everything that you own as well as any debts that you may have. Your assets will usually consist of your home, savings, pensions, investments, personal belongings, furniture and cars. Your debts will include your mortgage, credit cards, overdrafts, loans, and car finance.

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What to do with your estate

You need to think about how you want your estate to be divided up after your passing and this will involve looking at who you want to benefit from your will, whether you are leaving particular items or gifts to particular people as well as whether you are going to leave an donation to a charity that is close to your heart.

Executors

You then need to consider who you want to entrust with the responsibility of dealing with your affairs and distributing your assets after you have passed on.