When thinking about making a will for the first time, a lot of attention will be paid to who will benefit from which assets. However, there are other things you can set out in your will.
Here are three of them:
- Appointing guardians for minor children
You can make provision in your will for how your minor children are brought up and by whom. - Funeral wishes
Why leave it to your loved one to guess when you can set out your funeral wishes in writing in your will? - Executors
The executors of an estate have many duties and responsibilities including arranging the funeral, applying for a grant of probate, dealing with tax returns, and paying any inheritance tax which is due. Your will gives you the opportunity to set out who those people should be. Importantly, they should be people you trust.
The above points were written in relation to England & Wales.
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