Things to think about when drafting my Will?

Emsloe

A recent bereavement has finally spurred me on to do what I've been putting off for years - getting my will drafted. I have an appointment with the solicitor next week and I'm hoping it will be straightforward.

Aside from who I would like to get what, are there any other things I need to consider or bring with me? I plan to leave the majority of my estate to charity (with the exception of named items to my sister) if that makes a difference.

Uno my Uno.

Emsloe wrote: »

A recent bereavement has finally spurred me on to do what I've been putting off for years - getting my will drafted. I have an appointment with the solicitor next week and I'm hoping it will be straightforward.

Aside from who I would like to get what, are there any other things I need to consider or bring with me? I plan to leave the majority of my estate to charity (with the exception of named items to my sister) if that makes a difference.

Your Solicitor will be able to help you plan your will and give effect to your testamentary wishes, don't be afraid to speak tot hem at length about it and ask any questions you may have.

Make a list of all your assets including any bank accounts, life insurance policies or similar that you may have. Then make a list of anyone who you may wish to leave something to or who might benefit from a bequest. Think carefully about who may be affected by your death, If you have any dependents you should make provision for them in your will, If there is anyone you have helped financially in the past you should consider if you will want to help them again in the future. Might someone in your family have need of financial support in the future (eg a niece or nephew in education) which you might intend to provide during your life? if so your Will should reflect that intention.

Many people feel strongly about bequests to Charities but I advise them that they need to consider all of the possible outcomes and consequences of their death for the people around them before making a significant charitable bequest in their Will. Of Course don't forget that it is all your property and you can do whatever you want with it, if you want to leave it all to the Cats and Dogs home great but be sure that the Will reflects your true intentions and wishes.

CIARAN_BOYLE

Consider the tax implications of your bequest. If you are leaving someone with a house be sure that they can afford the CAT implications and discuss it with them.