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Did you know that a very small percentage of people from the United Kingdom have a will? Despite its being an important legal document which safeguards their assets, a lot of people have this misconception that writing one amounts to their facing death in a hurry, or something of the sort. Yet another mistake that a lot of people make is thinking that writing a will requires them to seek the expensive services of a solicitor or a lawyer, whereas the opposite is true.
If you are wondering What do I need to make a will, there are actually very quick and easy steps that you can follow. Writing wills need not be an expensive or even a legally tedious process. In the following sections, we will take a look at exactly how you can create your will using cheap yet effective alternatives.
Before answering the question what do I need to make a will, let us first have a quick look at its basic definition. Also called a last will and testament, this is a legal document which outlines your intentions with regards to the handling of your affairs in the event of your death. Naturally, nobody wants to immediately face the prospect of dying, but it is something that you have to deal with sooner or later. Just imagine how confused your children might be if you unexpectedly leave them behind with no will.
With the help of a will, your wishes on how your affairs will be handled after your death can be carried out. Basically, your will should indicate the following:
Technically, a will should be a document in writing. It can be handwritten, typed or printed. Your signature should be at the end of the document. The signing of your will should be witnessed by two people who are not related to you, and are not beneficiaries in your will. Their signatures should also be affixed on the original copy of your will.
Next, what are the things that you need to make a will? As mentioned earlier, you do not necessarily need to hire the expensive services of a legal expert just to be able to make a will. In fact, it is a very inexpensive and simple process. You do not even need to go through a solicitor. Perhaps the only exception is when you have a large number of assets, or if your personal circumstances are quite complex.
If you have absolutely no experience in writing legal documents, there are sites online where you can purchase affordable, ready-made will templates that you can follow. These are prepared by lawyers but are much cheaper because they are made available online in a variety of standard formats. These will templates have easy to follow instructions on how you can write your last will and testament. The guides should give you an idea about how you can adhere to legal standards, otherwise your will might be considered void.
Lastly, if you have no idea about how to make a will and you wish to write it from scratch, here are a few important tips to keep in mind: