How to make or amend your Will
Making or updating your will is important as it ensures that you can look after friends, family and the causes that are close to your heart in your lifetime. It gives you control over what happens to your money, possessions and property once you’ve gone.
If you have already made your will it is important that it is kept up to date. It is vital that the details and clauses still reflect your wishes, especially if there has been a change in your personal circumstances.
Using a solicitor
We recommend using a solicitor to make or change your will, so that your wishes are correctly taken care of. This could save time and expense for friends and family when administering your will. Friends and family may provide a recommendation of a solicitor or you can contact the Law Society to find a solicitor in your area.
If you are still unsure of where to start and need help, we can offer support. Please see the Get free support creating your Will section for more information.
Before visiting a Solicitor
Decide and make a list of who you would like to benefit from your estate. It’s important to list your assets and the value e.g. savings, property, pension etc. whilst also listing what you owe e.g. an outstanding mortgage or loan. You can then consider how you would like to distribute your money: cash gifts or percentage gifts. Once your loved ones are taken care of you may wish to remember your favourite charitable causes and we hope that you may consider Blind Veterans UK.
The types of gifts you can leave
There are three main types of gifts that you can leave in your will.
- A share in your estate - known as a residuary gift. This happens once all other wishes and administrative expenses have been met.
- A cash gift - known as a pecuniary gift. It means a fixed sum of money left to a person or an organisation.
- A specific gift - an item of value, such as jewellery, a picture or an antique.