Will writing

Writing your will today will give the security you and your family need tomorrow.

At My Family Legacy we want you to have the certainty that your will is in order and your assets are legally and responsibly left to family and friends of your choice.

Writing a will can seem overwhelming and a little bit uncomfortable for many of us.  After all, no one wants to think about their own death.  But it shouldn’t be considered like that.  In fact, writing a will is about protection.  It’s a sensible and responsible thing to do to ensure that your assets are protected both now and in the future.  If you’ve worked hard, it’s reasonable to want to protect what you’ve worked for - your home, its contents and even your business.

A will is really all about leaving a legacy.  It’s the fruits of our labour, the security that we can offer those who we love so that they can continue in your footsteps and lead the life you want for them.  Let’s face it, we think about this every day so why leave anything to chance for the future?

"Over 31m people in the UK risk dying intestate. This means dying without a will and having their assets distributed according to law rather than the individual's wishes."

There’s plenty of information out there. You can even write your own will yourself. But we know that tailored and expert support will leave you in no doubt that everything has been done with the care and attention it deserves, so that when your time comes, your loved ones will have the guaranteed protection that they need moving forward to enable them to continue to flourish with no unwanted surprises. It will leave you in no doubt that everything has been done with the care and attention it deserves, so that when your time comes, your loved ones will have the guaranteed protection that they need moving forward to enable them to continue to flourish with no unwanted surprises.

What our customers say

What does the writing of a will entail?

Writing a will is not difficult but there is a lot of confusion surrounding the process.  In essence, writing a will is about recording who are the main beneficiaries of your treasured possessions (name and address) and what each person will receive. There are a few other things to consider, such as who would be guardians to any children. You should also consider other assets including, pensions and insurance policies.

The will itself follows a common template and is filled in step by step with the help of your My Family Legacy representative.  Everything is discussed and then decisions are made and committed to paper.

The benefit of working with My Family Legacy is that we help you understand the options available to you so you are able to to make the best decisions for you and your family. Wills are often not complex, but they do need an expert eye to ensure all the i’s are dotted and the t’s crossed.  Security and peace of mind for you and your loved ones is imperative.

Questions you need to be able to answer:

  • Beneficiaries - Who are the key beneficiaries of your will?  This can be friends, family, partner, charity and multiple other options.
  • Executors - Who should be named as the executor of your will? (Who will ensure that the details of the will are followed?)  Firstly, you should consider a professional executor as it is a responsible task and can be daunting for a partner of family member when they are grieving. It can be of course be a partner, family member or friend who you can trust. But consideration should be given about who is tasked with this role at a difficult time. If you don't choose a professional, we recommend having a main executor plus a reserve
  • Guardians - If you have children, they need to be legally cared for until they are no longer minors (18 years of age). Think carefully about who would be named as the guardian in the unlikely case of both parents untimely death?  We recommend that you have at least 2 names (using one as back up)

You may also want to discuss:

  • Trusts & Trustees - how to get the most of your money to ensure that any assets you leave your beneficiaries are ringfenced.  We can discuss this with you (See Trusts).  You would be required to nominate two trustees (as a minimum) plus someone in reserve to help manage this for you after your death. Find out more about Trusts.
  • Lasting Powers of Attorney - you may also want to put in place an additional layer of security which enables someone to take decisions for you if you become unable to make them yourself (See LPA).  You need to nominate at least 1 attorney and if you can it is worthwhile nominating a reserve who could make these decisions for you. Find out more about Lasting Powers of Attorney.
Nearly 31M
People don’t have a will in the UK leaving them financially vulnerable (Unbiased.co.uk).
850,000
people currently have dementia in the UK which could affect your decision-making ability.  Don’t leave writing your will until it’s too late.
£10-15,000
is the potential cost to your family if you die without a will.

Content of your will

The content of your will and who will benefit will be discussed, itemized and written down as part of your will.  It will include items such as your house, house contents and any other valuables.  During this time, you will have the opportunity to list specific items e.g. specific items of jewellery for specific beneficiaries so that you can be sure that everything you own goes to the right person without any complications.

Frequently asked questions

Will I need to look at my will again or is that it?

We recommend that you re-visit your will at least every 5 years to check that any changes in circumstances are recorded in your will. It may be that you have thought of additional beneficiaries or that you have new items to include. That’s normal and can be easily updated to reflect your current circumstances. At the end of the day, it’s important to check your thinking and to ensure that your will is fit for purpose as time moves on. Of course if there is a major change of circumstance then it should be looked at sooner.

What happens if my circumstances change or I want to make amendments?

You can make amendments to your will at any time. Depending on the extent to the changes we may need to charge a nominal fee but that will be discussed up front. Frequently for a small change it’s free of charge.

How long does the process take?

The process is a straightforward one and can be completed easily in two to three weeks. It really does depend how ready you are with all the details required and how quickly you want to get it sorted. We will take guidance from you. We will never rush you. (In special circumstances we can arange this process to be completed much faster if required.)

What documentation will I receive?

You will receive an original of your will along with a copy. If you have a will with a trust, you will also receive original and copies of Memorandum of Wishes for each trust. We will ensure that you have everything that you need. Our document checking service provides certainty that all of your documents are correctly signed and legal. We aim to keep the process as easy as possible for you.

Will I need to contact everyone involved about my will?

You’ll need to contact those named as trusteed, executord and guardiand so that they are aware and agree to their roles in the the will. You do not need to contact any beneficiaries although you may find it useful to talk them through your wishes so that they are aware.

What happens after I write my will?

Your will is signed and then needs to be stored somewhere safe (preferably not at your property) so that it is safe. We recommend taking out a professional storage agreement or storing the documents with a friend or family member that you trust. In any case, it is important that your family know of the wereabouts of your original signed will.

If I want to talk about trusts or even a Lasting Power of Attorney, do I need to do it at the same time?

No, you can think about this separately. It’s entirely your choice. If you want to agree everything together it’s the most efficient approach but it is not mandatory

Need more help?

Writing your will today will give the security you and your family need tomorrow.

Get in touch now