last-will-and-testament-kit
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Make Your Own Will
Thinking about making a last will and testament, but don't want to pay the high-end fees usually charged by solicitors? Or maybe you simply don't have the time to visit a solicitor? Well, either way, this legal kit can help you. It will show you how to:
- determine what assets you can gift to your loved ones;
- choose executors, guardians and trustees;
- reduce taxes;
- quickly and easily make a last will and testament; and
more.
- determine what assets you can gift to your loved ones;
- choose executors, guardians and trustees;
- reduce taxes;
- quickly and easily make a last will and testament; and
more.
Create Your Last Will & Testament in Minutes
Last Will & Testament Overview!
A Last Will & Testament is probably one of the most important documents that you will make during your lifetime. Not alone does it allow you to provide for the distribution of your assets following your death, but it also allows you to appoint guardians to care for any young children that you may have and even make long term property management arrangements for your beneficiaries.
In the absence of making these simple decisions for yourself, a court will make them on your behalf based on legislation that is often decades old. The court will make its choices without reference or regard to your wishes or those of your family. It will simply enforce the law.
This Last Will Kit, which has been prepared by experienced solicitors, brings you step-by-step through the process of making your own personalized will. As well as including sample last will forms and detailed instructions, it also includes useful information in relation to matters such as making gifts, providing for children, choosing guardians, executors and beneficiaries, saving on inheritance tax and much more. All of this information is presented in an easy-to-understand format which is free from the excessive use of legal jargon which is so often found in other legal kits.
Whether you're married or single and whether you have children or not, this legal kit is suitable for everyone. It is designed to help you create a personalized will reflective of your circumstances quickly and easily without the need for a solicitor. It does this through the provision of clear and simple instructions as well as template last will forms similar to those used by Solicitors all over the country to cater for their clients.
Forms Included in the Kit:
%u2022Will Writing Worksheet
%u2022Last Will & Testament forms for a single person who has no children (2 types).
%u2022Last Will & Testament form for a single person who has children.
%u2022Last Will & Testament form for a person who is married (or in a registered civil partnership) and has no children (2 types).
%u2022Last Will & Testament form for a person who is married (or in a registered civil partnership) and has children (2 types).
A Last Will & Testament is probably one of the most important documents that you will make during your lifetime. Not alone does it allow you to provide for the distribution of your assets following your death, but it also allows you to appoint guardians to care for any young children that you may have and even make long term property management arrangements for your beneficiaries.
In the absence of making these simple decisions for yourself, a court will make them on your behalf based on legislation that is often decades old. The court will make its choices without reference or regard to your wishes or those of your family. It will simply enforce the law.
This Last Will Kit, which has been prepared by experienced solicitors, brings you step-by-step through the process of making your own personalized will. As well as including sample last will forms and detailed instructions, it also includes useful information in relation to matters such as making gifts, providing for children, choosing guardians, executors and beneficiaries, saving on inheritance tax and much more. All of this information is presented in an easy-to-understand format which is free from the excessive use of legal jargon which is so often found in other legal kits.
Whether you're married or single and whether you have children or not, this legal kit is suitable for everyone. It is designed to help you create a personalized will reflective of your circumstances quickly and easily without the need for a solicitor. It does this through the provision of clear and simple instructions as well as template last will forms similar to those used by Solicitors all over the country to cater for their clients.
Forms Included in the Kit:
%u2022Will Writing Worksheet
%u2022Last Will & Testament forms for a single person who has no children (2 types).
%u2022Last Will & Testament form for a single person who has children.
%u2022Last Will & Testament form for a person who is married (or in a registered civil partnership) and has no children (2 types).
%u2022Last Will & Testament form for a person who is married (or in a registered civil partnership) and has children (2 types).
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Table of Contents
TABLE OF CONTENTS
IMPORTANT NOTE
ABOUT ENODARE
USING SELF-HELP KITS
INTRODUCTION TO WILLS
Introduction
What Is a Will?
Why Make a Will?
Intestacy & What Happens Without a Will
The Matrimonial Home
Partial Intestacy
Appointment of Guardians by the Court
Appointment of Administrator by the Court
Can I Make My Own Will?
Requirements for a Valid Will
Age of Majority
Mental Capacity and Undue Influence
GIFTS AND BENEFICIARIES
Gifting Your Assets
Disinheriting Your Spouse or Children
Types of Gifts
Specific Item Gifts
Cash Gifts
Gift of the Residuary Estate
Types of Beneficiaries
Specific Gift Beneficiary
Alternate Beneficiary
Residuary Beneficiary
Who May Not Be a Beneficiary?
What Assets Can I Gift Under My Will?
Joint Bank Accounts
Joint Ownership of Property
Life Insurance Proceeds
Revocable Living Trust
Gifts to Charities
Imposing Conditions on the Receipt of Gifts
Failed Gifts
Releasing Someone from a Debt
Matters Affecting the Distribution of Your Assets
Simultaneous Death
Abatement of Assets
Disclaimed Inheritances
What if You Own Property Overseas?
CHILDREN, GUARDIANS AND PROPERTY MANAGEMENT
What Is a Guardian?
Sole and Joint Guardians
Alternate Guardians
Who Can Be a Guardian?
What to Consider When Choosing a Guardian for Your Children
Management of Children's Property
Whom Should You Choose as a Trustee?
EXECUTORS
Executors
Alternate Executors
Overview of Executors' Duties
Who Should Be Your Executor?
A BRIEF INTRODUCTION TO TAX
Overview of Inheritance Tax
Who Is Liable to Tax?
The Seven Year Rule on Gifts
Inheritance Tax Planning & Lifetime Gifts
Relief for Businesses
Rates of Business Relief
Gifts of Business Assets During Your Lifetime
Agricultural Relief
Rates of Agricultural Relief
Gifts of Agricultural Property During Your Lifetime
Insurance Policies
Inheritance Tax Planning for Married Couples and
Civil Partners
GETTING READY TO MAKE YOUR OWN WILL!
Do I Need a Solicitor?
Deciding on Your Beneficiaries
Deciding on Who to Appoint as Your Executors
Deciding on Who to Appoint as Guardians of Your
Minor Children
Decide What Type of Will You Need
Choosing People to Witness You Signing Your Will
Making Alterations Before Signing Your Will
Singing Your Will
AFTER YOU HAVE MADE YOUR WILL%u2026.
Where to Store Your Will
Keeping Your Will Updated
Using a Codicil to Update or Change Your Will
Revoking Your Will
APPENDIX 1 - Glossary of Legal Terms
APPENDIX 2 - Will Writing Worksheet
APPENDIX 3 - Sample Wills
APPENDIX 4 - General Instructions for Completing Your Will
APPENDIX 5 - Specific Instructions for Completing Your Will
APPENDIX 6 - Additional Clauses That You May Wish to Add.
IMPORTANT NOTE
ABOUT ENODARE
USING SELF-HELP KITS
INTRODUCTION TO WILLS
Introduction
What Is a Will?
Why Make a Will?
Intestacy & What Happens Without a Will
The Matrimonial Home
Partial Intestacy
Appointment of Guardians by the Court
Appointment of Administrator by the Court
Can I Make My Own Will?
Requirements for a Valid Will
Age of Majority
Mental Capacity and Undue Influence
GIFTS AND BENEFICIARIES
Gifting Your Assets
Disinheriting Your Spouse or Children
Types of Gifts
Specific Item Gifts
Cash Gifts
Gift of the Residuary Estate
Types of Beneficiaries
Specific Gift Beneficiary
Alternate Beneficiary
Residuary Beneficiary
Who May Not Be a Beneficiary?
What Assets Can I Gift Under My Will?
Joint Bank Accounts
Joint Ownership of Property
Life Insurance Proceeds
Revocable Living Trust
Gifts to Charities
Imposing Conditions on the Receipt of Gifts
Failed Gifts
Releasing Someone from a Debt
Matters Affecting the Distribution of Your Assets
Simultaneous Death
Abatement of Assets
Disclaimed Inheritances
What if You Own Property Overseas?
CHILDREN, GUARDIANS AND PROPERTY MANAGEMENT
What Is a Guardian?
Sole and Joint Guardians
Alternate Guardians
Who Can Be a Guardian?
What to Consider When Choosing a Guardian for Your Children
Management of Children's Property
Whom Should You Choose as a Trustee?
EXECUTORS
Executors
Alternate Executors
Overview of Executors' Duties
Who Should Be Your Executor?
A BRIEF INTRODUCTION TO TAX
Overview of Inheritance Tax
Who Is Liable to Tax?
The Seven Year Rule on Gifts
Inheritance Tax Planning & Lifetime Gifts
Relief for Businesses
Rates of Business Relief
Gifts of Business Assets During Your Lifetime
Agricultural Relief
Rates of Agricultural Relief
Gifts of Agricultural Property During Your Lifetime
Insurance Policies
Inheritance Tax Planning for Married Couples and
Civil Partners
GETTING READY TO MAKE YOUR OWN WILL!
Do I Need a Solicitor?
Deciding on Your Beneficiaries
Deciding on Who to Appoint as Your Executors
Deciding on Who to Appoint as Guardians of Your
Minor Children
Decide What Type of Will You Need
Choosing People to Witness You Signing Your Will
Making Alterations Before Signing Your Will
Singing Your Will
AFTER YOU HAVE MADE YOUR WILL%u2026.
Where to Store Your Will
Keeping Your Will Updated
Using a Codicil to Update or Change Your Will
Revoking Your Will
APPENDIX 1 - Glossary of Legal Terms
APPENDIX 2 - Will Writing Worksheet
APPENDIX 3 - Sample Wills
APPENDIX 4 - General Instructions for Completing Your Will
APPENDIX 5 - Specific Instructions for Completing Your Will
APPENDIX 6 - Additional Clauses That You May Wish to Add.
by enodare
enodare
Members of the Enodare team are here to offer readers informal advice on the basics of estate planning through the provsion of online articles, blogs... more »
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