This professionaly drafted Will template is to be used when you want your estate to go to your partner or nominated adult. However, in the unfortunate circumstance were your spouse or nominated adult dies, then your children will inherit your estate.
Other Wills:
Simply download, read, change a few details and your nearly finished.
Please read the Free information below, it will help you to do this job correctly and make the right decision.
Why make a Will?
Making a last will is very important but, sadly, often forgotten. If you do not make a will and die, then you are dying "intestate" were the government and the law will determine what happens to your estate, NOT YOU, and this is not always what you think or what you would expect it will be.
Not having a last will & testament can cause increased stress, confusion, arguments, and extortionate legal fees for your loved ones, which you can avoid right now.
Even if you do not have many assets to speak of, this will save your loved ones a lot of time and hassle. If you do have property, money and/or investments then it's almost a must. The more you understand just how valuable this last will could be to your family, the less you think about delaying this important job.
Your estate is the total assets you have accumulated over the course of your life. This is the total sum of possessions, property and money at the time of your death less any debts which are outstanding.
Requirements for a valid Will
- Must be made by a person who is 18 years old or older.
- Made voluntarily without any pressure or duress from any other
person.
- 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 the identify of the people who will inherit.
- Must be in writing.
- Signed by the person making the will in the presence of two
witnesses.
- Signed by the two witnesses, in the presence of the person making the
will.
Please Note:
- The two witnesses cannot benefit or inherit under the will. If they do then they forfeit their inheritance. Also the witnesses can not be directly related to a beneficiary.
- The will should be dated but can still be valid if not. Problems can arise
if there is more than one will.
- Remember to change your last will and testament if your circumstances change, i.e. you’re marriage status changes.
What will you need to decide?
- Who you want to be your Executor/Executrix, the person that will manage
you estate after you die.
- If you want to leave any gifts to anybody and in what
circumstances, this is optional. (other than the executor who gets what's left
after the gifts have been given out) .
- Who will be the two witnesses to your signature (see above).
- 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.
Tax Planning?
These last will and testaments are designed for individuals that do not need any tax planning. To decide this you will need to know the inheritance tax exemption limits. This will help you to decide at what stage the benefits exceed the cost of tax planning.
The current (2009/2010) inheritance tax exempt threshold is £325,000 for individuals and doubles this, £650,000 for married couples. If an individual’s estate is worth less or around the threshold when they die then there would normally be no (or very little) inheritance tax to pay and no tax planning is required. An individual’s tax exemption limit will normally change every year and has increased every year for the last seven years.
What you can do with this Will?
- Revoke all other wills and codicils
- Appoint your Executor/Executrix
- Decide on funeral arrangements
- Decide who will be guardian of the children who are under 18 years of age.
- Leave gifts to individuals or organisations
- Decide who gets the rest of the estate after expenses and gifts
- Add other wishes
In your last will and testament you can nominate whom you want to be in charge of dealing with your affairs and who will benefit, how they will benefit, and in what circumstances. You decide!
View Sample Last Will and Testament
Documents included:
- Last Will and Testament - residue to adult but to children if adult dies
- Last Will and Testament - residue to spouse but to children if spouse dies
The above files are in both 
.pdf and 
.doc Word format and can be downloaded immediately after purchase.
You may not know when you are going to die. Some don't want to think about it, but acting responsibly will make a differance. This is an easy way to bring peace of mind to yourself and your loved ones, protecting their future.
