A will is a legal document that outlines how you want your assets to be distributed after your death. It allows you to specify who will receive your property and possessions, who will be responsible for managing your estate, and who will be the guardian of your children if they are under the age of 18.
A will is an important part of estate planning and can help ensure that your wishes are carried out after you are gone. It can also help minimise taxes, legal fees, and other costs associated with the distribution of your assets.
To create a will in the UK, you must be over the age of 18 and have the mental capacity to understand the nature and effect of the document. The will must be in writing and signed by you in the presence of two witnesses who are also present at the same time.
It is important to review and update your will regularly, as your circumstances and wishes may change over time. It is also a good idea to consult with a qualified attorney or financial advisor to ensure that your will is properly prepared and executed.
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