Creating a Will ensures your estate is distributed according to your wishes and provides peace of mind for you and your loved ones. Aston Bond’s Private Client team has put together a brief overview of the process:
1. Identify Your Assets
Make a list of your property, bank accounts, investments, and personal possessions to decide what will be included in your Will.
2. Choose an Executor
Select a trusted person or people to manage your estate and ensure your wishes are carried out after your passing.
3. Choose Your Beneficiaries
Decide who will inherit your estate and in what proportions. Also consider any specific gifts you may wish to leave such as specific items or sums of money to people.
4. Consider Guardianship (if applicable)
If you have children under the age of 18, you can in your Will name a guardian to care for them in the event there is no surviving parent.
5. Draft Your Will
Work with Aston Bond’s qualified Private Client team to ensure your Will complies with the law and clearly reflects your wishes. DIY Wills could miss important details and lead to unintended costly complications.
6. Sign and Witness Your Will
Your Will must be signed in the presence of two independent witnesses. Your witnesses cannot be beneficiaries of your Will or married to any potential beneficiaries. This step is essential to make your Will legally valid. When making a Will with Aston Bond you can visit our offices whereby, we can act as your witnesses to ensure it complies with the legal requirements.
7. Store Your Will Safely
Keep your Will in a secure place, such as with your solicitor or in a safe deposit box. You can also let your executors know where it is stored. When making a Will with Aston Bond we offer to store your original documents at our offices at no extra cost.
8. Review and Update Regularly
Life changes, such as marriage, children, or new assets, may require you to update your Will. Regular reviews ensure your Will stays relevant and updated.
We offer a free initial consultation to discuss Wills and prepare Wills on a fixed fee basis. Should you wish to arrange an appointment with a member of the team please do not hesitate to contact us on 01753 486777.