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A Step by Step Guide

If you don’t yet have a Will, this advice can help you in the process of preparing your Will. If you already have a Will, you can find out how you could update it to include a gift to The Hospice of St Francis.

1. Contact your Solicitor and make an appointment, explaining that you would like to make your Will.

2. It is useful to make a list of everything that you own (your Assets) and their approximate value (house, car, bank accounts, bonds, shares, pension benefits, insurance policies, personal possessions etc).You should also detail what you owe (outstanding mortgage, other loans or other money owed etc) and simply take this amount away from the total of your assets. In total this makes up the net value of your ‘Estate'. Your Solicitor will advise you on what you need to take into consideration.

3. Make a list of names and addresses of people (the Beneficiaries) and causes that you wish to remember in your Will.

4. Identify one or up to four people who you trust to be your 'Executors'– they will ensure that your Will is carried out according to your wishes. They can be family or friends, or a Solicitor.

5. Nominate a ‘Guardian’ normally a friend or family member, who has agreed to care for your children under 18 years of age (or other Dependants) in the event of your death.

6. Once you have all of the information gathered, meet with your Solicitor who will draft your Will.  Your solicitor will also give you advise on tax issues and will advise you how leaving a gift to charity can reduce the overall Inheritance Tax liability for your estate.

7. If you already have a Will you can amend your wishes or include a gift by adding a Codicil. The link here to our Codicil form may be used to add a gift in your Will to The Hospice of St Francis.  All you need to do is complete the Codicil and sign and date it in front of two witnesses, who should not be beneficiaries (or spouses and civil partners). The witnesses should each sign the Codicl in your presence for this to be valid and then the signed Codicl should be kept with your original Will.

7. Once your Will has been finalised and signed, or if you have added a Codicil, make sure that your loved ones know where it is being held.

For some useful tips about making or amending a Will click here to read some recently asked questions.

Ensure that your loved ones are taken care of in your Will, and help the Hospice at the same time by making a new Will or update your Will during our Make a Will Month in March

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