Will the government profit from your death?

http://www.make-your-will.co.uk/process-of-making-a-will.html
Will the government profit from your death?
A legally valid will ensures your wishes for what should happen to your money and possessions after your death are honored.

An added benefit is that you can avoid paying more inheritance tax than necessary and stop the tax man being the main beneficiary of your estate.

Although a legally valid will does not require a solicitor to draft or witness it, it will only have power in law if it is drafted correctly and is up to date. Therefore you should consider some form of advice to prevent problems for your beneficiaries.

For your will to become legally valid and give your wishes the power of law it has to be witnessed and signed by you.

Should you need to change your will in any way you will have to officially alter it using a codicil or write a completely new will again.

What Should Your Will Contain?

A will should clearly say...

- who your beneficiaries are
- who will care for any children you have aged under 18 at the time of your death
- which people will be responsible for carrying out the terms of your will
- what changes should be made if you outlive any beneficiaries

Taking Legal Advice

If your personal or financial situation is more complex then it's best to get help from a legal expert. For example:

- if you live with a person who is not your married or civil partner
-
- your have complex family structures such as children from previous marriages etc
- you are not permanently resident in the UK
- if you are a UK resident with property in another country
- you're a business owner or partner

Whichever option your prefer, don't delay. It's possible to complete a simple will online in less than 30 minutes and the benefits for your loved ones could last a lifetime.