Your “Last Will and Testament” is a legal document which outlines how you wish your assets to be distributed following your death. In order to ensure that your estate is given to the people you care about when you die it is important to prepare a legal Will.
You should make a Will even if you think that you do not have much to leave, if you do not, your estate will be distributed by the government. If you make a Will:
- You can decide on how to divide your estate between family, friends and other organisations;
- You can appoint who you would like to administer your estate
- You can indicate your preference as to guardian for your minor children
As there are a number of formal legal requirements which you must comply with in order for your Will to be valid, it is best if you speak to an experienced lawyer so that you can draft a legally valid Will.