A Will is a legal document that allows you to state what should happen to your assets (your money, property, investments and possessions) as well as your young children after you have passed away.
What you need to know
What is a Will?
Do I Need a Will?
If you die in England or Wales without a valid Will the government will decide who gets what.
By Making a Will You Can:
- Appoint ‘Executors’, people you trust to carry out the terms of your Will.
- Appoint ‘Guardians’, people you trust to look after your children under 18 years old.
- Name ‘Beneficiaries’, people or charities you want to benefit from your estate.
- Leave ‘Legacies’, gifts of specific items or fixed sums of money.
- Create ‘Trusts’ to help preserve wealth for future generations, protect against residential care costs or help vulnerable or disabled beneficiaries.
- State your funeral wishes.
Failing to make a valid Will means that in the event of your death, in England or Wales, the law can decide who has responsibility for children under 18 and who receives your money, property, cars, pets and all your other belongings.