1. Don’t ask your beneficiaries to help you draft your will. This could be problematic and could bring with it a number of challenges. Have someone not included in the will help you.
2. Make sure you will is done properly and in accordance with the law.
3. If you are likely to pay inheritance tax, seek proper financial advice, as there may be ways to mitigate your liability.
4. Name two executors to your estate
5. Those with more complicated family set-ups – contact a lawyer for advice. Complicated family situation can lead to a complicated will.
6. If you have children – make sure your name a guardian and detail your financial plans for them.
7. Make clear and unambiguous instructions. Use specific names – not nicknames.
8. Always have a plan in the case of your planned beneficiaries dying before you.
9. Things change! Regularly check your will – update with changing situations.
10. Always keep your will in a safe place
