A will is a legally binding document that sets out your wishes on how to distribute your assets – the money and property you leave behind – as well as the ongoing care of any children who are minors. Your will also includes the name of the people – the executors – who will manage your estate. Your estate is your property, money and possessions, until they’re distributed to the people named in your will – your beneficiaries.
It’s very easy to put off, or not get around to, making a will. But not doing so could cause issues for family members left behind. More than half of UK adults might not have a will, but in the latest of our series of guides provided by UK price comparison website Comparethemarket we explain why you should:
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If you have a complicated financial situation, for example, you own a business, multiple properties or investments overseas, you may want to take advice from a solicitor specialising in wills. Solicitors can also help clear up any issues around beneficiaries, and what each stands to inherit. Bartletts can help you draft your will and can store it safely on your behalf. We also offer a full probate service: