Last Will and Testament

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Last Will and Testament

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Other Wills Available

Download this last will and testament template when you want your estate to go to your spouse/partner or to your children if both of you die.

In your download, we have included Two Bonus reports. Read these and the information revealed on this page to be fully prepared before you make your will. (See below).

Simply download, read, change a few details and you are almost finished!

Why It's Important

It's important you control your estate with a Will otherwise the government, lawyers and the law determine what happens to your estate.

This is not always, what you think or expect as your spouse may not get everything automatically with unmarried couples having more uncertainty unless there is a Will. Example, some people think that having a joint bank account means the other person will automatically get the money. This is not the case. When the bank is informed that one of you has died, they freeze the account.

Not having a Will can cause increased stress, confusion, arguments, and extortionate legal fees for your loved ones. You can make the simple decision for them to avoid that emotional and financial nightmare today.

Even when you do not have many assets to speak of, this will save your loved ones a lot of time, money and hassle. If you have property, bank accounts and/or any type of investments, then having a last will and testament is extremely advisable. This last will and testament allows you to control your estate when you die.

Your estate is the total sum of possessions, property and money at the time of your death less any outstanding debts.

Tax Planning

Married couples who leave everything to their spouses in a Will have no tax to pay when transferring everything to their wife or husband (no limit).

This last will and testament was designed for individuals who do not need any tax planning. To decide this you will need to know your inheritance tax exemption limits. This will help you to decide at what stage the benefits exceed the cost of tax planning.

The 2013/2014 inheritance tax exemption threshold is 325,000 for an individual, which doubles to 650,000 when you are married. Estates worth less than the threshold will normally have no inheritance tax to pay, making tax planning redundant.

In addition, when you and your spouse/partner are joint tenants in a property, the property is taken out of the equation and is not included in the calculation of your estate for inheritance tax purposes.

What Can You Do With This Will

  1. Revoke all other wills and codicils
  2. Appoint your spouse/partner as Executor/Executrix
  3. Decide on funeral arrangements
  4. Decide who will be guardian of children who are under 18 years of age
  5. Leave gifts to people or organisations
  6. Leave the rest of the estate to your spouse/partner, after expenses and gifts
  7. Add other wishes

As this is a template, you have the absolute freedom to change it at any time when your circumstances change or you simply change your mind. Just adjust and date your new last will and testament, add the necessary signatures and destroy the old will if possible.

What You Need to Do

  1. You need to choose your Executor or Executrix, This is the person who will manage your estate after you die. You can choose your spouse/partner.
  2. You need to decide who you want to leave gifts to and in what circumstances, this is optional.
  3. You will need two witnesses to your signature (see below).
  4. You need to decide on a safe place or person to keep hold of your Last Will and Testament where it can easily be located and identified when you die (see Free report included).

What Makes a Will Legal

  1. It must be made by a person who is 18 years old or older.
  2. It must be made voluntarily without any pressure or duress from any other person.
  3. It must be made by a person who is of sound mind. This means the person must be fully aware of the nature of the document being written and aware of the property and identify of the people who will inherit.
  4. It must be made be in writing.
  5. It must be signed by the person making the will in the presence of two witnesses.
  6. It must be signed by the two witnesses, in the presence of the person making the will.

Please Note:

  • The two witnesses should not benefit or inherit under the will. If they do then they forfeit their inheritance.
  • The two witnesses should not be directly related to a beneficiary.
  • The Executor/Executrix should not be one of the witnesses.
  • It is not a legal requirement for a solicitor to be a witness.
  • The Will should be dated. Problems can arise when there is more than one Will.
  • The Executor/Executrix can be a beneficiary.
  • Your Last Will does not need to be drafted by a solicitor to be legal.
  • Remember to change your last will and testament when your circumstances change, i.e. your marriage status changes.

How to Protect Your Estate

When you Download this last will and testament with Bonuses, you get to nominate who controls your estate, who will benefit and also how they will benefit. It's easy and You are in control!

Sample Last Will and Testament

Documents Included

  • Last Will and Testament - residue to spouse - Template
  • Last Will and Testament - residue to partner - Template
  • +FREE BONUS - Where to keep your Will (value 4.99)
  • +FREE BONUS - 6 Things to Do When Someone Dies (value 7.99)

You get the above files in both pdf format document.pdf and word for windows document.doc Word format.
Your Download is ready immediately after payment.

You may not know when you are going to die, some don't want to think about it. However, your will is the only way to ensure your final wishes for your family and property are followed.

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Price:
£7.99

 

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Professionals in their field created all documents. These standard contracts can all be amended were you need to change the relevant information that relates to your circumstances. All these documents are from professionals in this field. You can amend this last will and testament to suit your precise requirements by adjusting the wording to suit your purposes. This last will and testament is a template created by Legal Professionals. Free documents are valued at the minimum price we would sell them separately.


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