Making or updating your will
Even if you don’t think you have much to leave, it is always wise to make a will. People are often surprised how much they have, and usually don’t realise the problems that can result from not sorting everything out legally.
Tips for will writing
- Make a proper will, whatever your age or state of health. It could save your family a lot of difficulty
- Use a solicitor – the cost is a fraction of what it couldcost your family to sort out a poorly drafted will
- Keep your will up to date, so that your present wishes are carried out
- When considering Livability, decide on the type of legacy gift (see below) you want to leave
- Send for our Will Planning Pack
Types of legacy gift
Pecuniary legacy: a specific amount of money, decided by you.
Residuary legacy: after gifts to family and friends, and other expenses, you can leave the remainder to be divided between your favourite charities. This is the most flexible – you don’t have to decide on an exact amount, and it keeps pace with inflation.
Specific legacy: named items such as your house or antiques etc.
Reversionary legacy: a gift which is only paid after the death of someone else. If you have a spouse or partner, you may want to leave your entire estate to him or her, but you can specify that after their death, all or part of the remaining estate is paid to your favourite charities.
How to include Livability in your will Read more….
If you are a Parent or Carer, click on the links
Will planning pack. The pack contains valuable information to help you prepare for speaking to a Solicitor. Download now or request one by completing the online enquiry form or calling 020 7452 2118.
For other useful links and addresses go to our Links page.
