Guide to making a Will
Making a first Will may seem daunting to think about. However, by making a Will you can be sure that all those you care about, including those causes that matter most, are looked after. We would always recommend using a qualified solicitor when making or changing a Will.
We've answered a few questions you may have about Will making and provided a useful 'Easy steps guide' to those things to consider before you visit your solicitor.
Why make a Will?
Making a Will is the only way to make sure that your family and friends, and the causes close to your heart, receive what you think and hope that they should receive from your estate.
Although parts of your estate may go to your family if you have not made a Will, these may not be the family members you expect or in the amount you would wish. Your family may also end up paying Inheritance Tax, which is currently charged at 40%.
Can I make a Will myself?
Homemade Wills, including the 'over-the-counter' templates available in many shops, can lead to very expensive problems that sometimes cannot be rectified. Important details can be left out, or the will could be invalid or lead to unexpected tax bills, for example. Dealing with these issues may demand professional advice and can cause a lot of distress for those involved. We would therefore always recommend obtaining the advice of a solicitor.
What will it cost?
This will depend upon how complex your affairs and your wishes are, but may not be as expensive as you think. You can always request estimates from solicitors at no commitment.
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In England and Wales contact the Law Society for details of a firm near you: www.lawsociety.org.uk, or call 020 7242 1222.
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In Scotland contact the Law Society of Scotland: www.lawscot.org.uk, or call 0131 226 7411.
Alternatively you can contact us and we will be happy to obtain an impartial list from the Law Society for you.
Does Macmillan offer a Will-writing service?
Unfortunately we cannot draft your Will or recommend specific solicitors, but if you have any general questions in relation to leaving a gift to Macmillan please do
contact us.
What should I consider?
Our Easy steps to making a Will helps to take you through many of the things you might want to think about when preparing to make a Will:
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