Protecting what matters most
Making a Will is one of the most important steps you can take to protect the people and causes you care about. It’s simpler than you might think, and this guide will walk you through the process.
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How to write a will
Your step-by-step guide
1
Value Your Estate
Before meeting with a solicitor, it’s helpful to estimate the value of your estate. Consider assets like property, savings, personal possessions, and any investments. Don’t forget to account for debts such as mortgages, loans, and credit card balances.
2
Decide How to Distribute Your Estate
Determine who should benefit from your Will and what gifts you’d like to leave. Gifts can be specific items, cash amounts, or a percentage of your estate. Consider setting provisions for young beneficiaries or those with special care needs. You may also pass on business interests or personal items to specific individuals.
3
Remember the Causes You Care About
Consider leaving a gift to a charity that has had a significant impact on you or your loved ones. After taking care of family and friends, you can donate any amount to a charity close to your heart. Make sure to note the charity’s name, address, and registered charity number for your solicitor.
For example:
Cornwall Air Ambulance Trust,
Trevithick Downs, Newquay, Cornwall TR8 4DY.
Registered Charity No. 1133295.
4
Name Executors and Guardians
Choosing an executor to manage your estate after your passing is crucial. Select someone you trust, such as a family member, friend, or solicitor. You may also need to name guardians for any children under 18.
5
Don’t Forget Your Digital Assets
Consider how you’d like to manage your digital assets, such as online accounts, digital photos, and social media profiles. You can pass these on to family or friends by including them in your Will.
6
Make Sure Your Will is Valid
For your Will to be legally valid, it must be signed and witnessed correctly. You need to be over 18, of sound mind, and sign your Will in the presence of two witnesses.
7
Store Your Will Safely
After completing your Will, store it in a safe place where it can be easily found by your executor. Consider using a solicitor’s storage service or register your Will’s location with the National Will Register.
John's legacy
After needing the help of Cornwall Air Ambulance in the past, John was determined to help the people of Cornwall by leaving some money to us in his Will. Not only are we incredibly grateful for John’s generosity, but his family are incredibly proud of his resolve to help others. Watch John’s story.
Costs of writing a Will
The cost of writing a Will can vary:
- Online services: Often free for simple Wills
- Professional Will writers or banks: Starting from £80
- Solicitors: From £150, with more complex Wills costing upwards of £500
Who can write my Will?
You can write your own Will, but it’s advisable to use a solicitor or professional Will writer, especially if your circumstances are complex. This ensures your Will is free from errors and legally sound.
When should I make a Will?
Major life events like having children, getting married, or buying property are good reasons to create or update your Will. It’s also wise to review your Will every five years to ensure it still reflects your wishes.
Changing a Will
You can update your Will by making an official alteration, called a codicil, or by writing a new Will. A codicil is suitable for minor changes, but for significant updates, writing a new Will is recommended.
FAQs
Is a Will legally binding? Yes, but it must be correctly signed and witnessed.
Can a Will be contested? Yes, if there are grounds to believe it is invalid or its instructions are unclear.
Creating a Will is a crucial step in ensuring your wishes are honoured and your loved ones are cared for after you’re gone. If you need assistance, consult a solicitor or professional Will writer.
We would love to talk to you about Will writing and you leaving a gift in your Will. Please speak to:
Debbie-Marie Henshaw
Head of Strategic Giving
debbie@cornwallairambulancetrust.org
+44 (0) 1637 838967
Thank you for considering leaving a gift to Cornwall Air Ambulance. Every legacy will help us to save more lives.
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