Creating a will is a crucial task that ensures your assets are distributed according to your wishes after you pass away. Here are the general steps you should take when making a will:

1. Gather Information About Your Assets

Before you start writing your will, gather detailed information about all your assets. This includes property, savings, investments, and personal possessions. Having a comprehensive understanding of your assets will help you determine how you want them to be distributed.

2. Decide on an Executor

An executor is the person responsible for carrying out the instructions in your will. It is important to choose someone you trust and who is capable of handling this responsibility. Consider discussing your choice with the person to ensure they are willing and able to take on the role.

3. Name Beneficiaries

Beneficiaries are the individuals or organisations who will inherit your assets. Consider who you want to leave your assets to and in what proportions. It’s important to clearly specify these details to avoid any confusion or disputes.

4. Consider the Tax Implications

Work with a lawyer and an accountant to understand the tax implications of your will. They can help you take necessary steps to minimise the tax burden on your estate and heirs, ensuring your will is tax efficient.

5. Create the Document

You can create your will on your own or with the assistance of a lawyer. Writing your will with a lawyer ensures it is legally sound and meets all local requirements. A lawyer can also provide guidance on structuring your will to achieve your goals while adhering to legal standards.

6. Sign and Date the Will

Once you have completed your will, it must be signed and dated in the presence of two witnesses (who are not a beneficiary or a spouse of a beneficiary). The witnesses must also sign the document at the same time as you, to validate it.

7. Store and Share the Will

Store your will in a safe place and inform your executor and next of kin about its location. This ensures it can be easily found and executed when the time comes. It’s also important to review and update your will periodically, especially after significant life events such as marriage, divorce, the birth of a child, or the acquisition of significant assets.

By following these steps, you can create a will that effectively secures your legacy and provides peace of mind for you and your loved ones.