Making a will
Making a will is one of the most important things we can do -
after all it determines how our most personal possessions and
hard-earned savings will be shared among close family and
friends.
It is often a simple and inexpensive process. But failure to
make a will can pose major difficulties for those left behind, for
instance, by paying more tax than necessary. Your estate - money,
other assets and possessions - could be distributed according to
the law rather than your wishes. It is particularly important to
leave instructions if you own property.
The contents of a will
It is advisable to consult a solicitor before deciding what to
put in your will. A will can cover a range of issues,
including:
- who should inherit your property, money, other assets and
possessions
- how your children should be cared for
- who should be responsible for looking after your estate (the
executors)
- special arrangements for your funeral
- and charitable donations you would like to make
How a solicitor can help
Wills are often straightforward but some involve complicated
arrangements and financial affairs, such as inheritance tax - all
the more reason to ensure they are drawn up by a qualified
solicitor. Even if your will is simple and you want to write it
yourself, it is advisable to consult a solicitor to avoid pitfalls
and ensure all the legal formalities have been followed correctly,
otherwise it may be invalid. DIY and internet wills are available
but there are obvious risks where no personal advice is given.
Helping with arrangements
Your solicitor can help your family or executors contact
undertakers and arrange for the death certificate to be issued by
the General Register Office for Scotland.
Acting as an executor
Executors are responsible for dealing with assets of the estate.
Solicitors are often named as executors when a will is drawn up.
Others, such as family members, can also act as executors.
Going to court
If there is no will, it may be necessary to apply to the sheriff
court to appoint an executor. A solicitor will have to prepare the
forms for the court to appoint the executor.
Changing a will
Changes can easily be made to wills - a solicitor will ensure
they are legally binding.
Keeping a will safe
It is important to keep your will safe. If your solicitor has
drawn up the will, he or she will usually keep the original and
send you a copy.
Keeping costs down
A simple will can cost very little and some solicitors offer a
free service in return for a donation to charity (for instance, see
www.willreliefscotland.co.uk/ or www.willaid.org.uk). Others may qualify for
legal aid funding. Anyone looking to keep costs down should phone
two or three solicitors and ask them to quote a fee.
For all matters relating to making a will, the best way to get
advice is to
see a solicitor.
For information on finding a solicitor, contact the Law Society
of Scotland on 0131 226 7411, check the Yellow Pages or visit the
Citizens Advice Bureau.