Write a will29 August 2007
There are some things in life that we never quite get round to. Like clearing out the back of the wardrobe. For around half of us, the same is true of writing a Will.
According to Richard Radcliffe, a legacy consultant, writing a Will couldn't be easier and doing it when you're young is becoming more common.
Having worked out what you have to leave to others, it's just a case of deciding who you would like to leave something to.
Once family and friends are provided for, the important question is, would you like a charity to benefit by leaving a legacy in your Will?
Richard says:
People often have the misconception that a legacy has to be an enormous sum of money. You can leave just a small amount to Friends of the Earth and continue to make a difference.
And if you've already written a Will, it's easy to change it to include a legacy.
All you need is an appendix called a codicil, which your solicitor will be able to do for you.
You can also contact us at Friends of the Earth and we can send you a form to add a legacy.
How to write a Will
1. Value your assets
Start by making a list of everything you own. According to Richard, we tend to underestimate what we are worth.
People might think about their debts, mortgages and the like but when you die, the life insurance policy kicks in. It's ridiculous but we're often worth more in death.
2. Decide on your inheritors
Choose who you would like to benefit from your assets.
Some people don't realise that you can include a charity as well as your family and others dear to you.
3. Find a solicitor and seek legal advice
Once your solicitor has prepared the Will, put it somewhere safe but remember to update it.
Up to 50 per cent of wills are out of date. Our circumstances change throughout our lives, whether we get a new mortgage or a family member dies, so it's important to update it regularly.
Find out how you can leave a lasting gift to Friends of the Earth.
Friends of the Earth recommends seeking professional legal advice about the information given above.
© shho
