There are three key things that you need to consider when making your Will.
1. Use a solicitor
We strongly recommend that you take legal advice when making your will. A will is a legal and binding document, and there are specific rules about how it should be drawn up. If it fails to meet the legal requirements, it can be found invalid or can cause difficulties for those named within it. It is important, therefore, that your will is drawn up professionally. If you do not have a solicitor, the Law Society can help you find one. Call them on 020 7320 5650 and they will put you in touch with a solicitor in your area.
2. List your assets and liabilities
It is important, when making or changing your will, to have an idea of what your estate is worth. A good way to do that, is to list everything you own and then list everything you owe. By doing this before meeting your solicitor, you can also save time and money.
3. Decide how you want to split your estate
Consider everyone that you would like to include in your will, and what you would like to leave them. Again, it’s a good idea to compile a list of names and addresses of these people before visiting your solicitor, as it will save you time and money. You may also want to include a favourite charity, such as Muscular Dystrophy UK.
Read our suggested wording for making your Will to ensure your gift finds its way to us in the way you intend.
Changing your will
Once you have made a will it is very important that you review it every few years to make sure it reflects your wishes. This is especially important if you get married, divorced, your partner dies or you have children.
If you need to make a small change to your existing will, this can be done very easily by making a codicil, rather than writing an entirely new will. This will also need to be witnessed and stored safely, ideally with your will.
We are able to support one in four of our groundbreaking research projects through the generosity of families leaving us gifts in their wills.