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Why make and update your will?
It is important to make a will to ensure that your estate is divided as you would wish and especially if you have young children who you would like to appoint guardians for. It is not the case that everything will automatically go to your partner. In fact the rules of ‘intestacy’ mean that without a valid will you could end up helping the taxman out rather than the people or causes that you would want to. A simple will can be drafted by a solicitor for as little as £100.
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Why is it important to update my will regularly?
Checking your will from time to time is important, particularly if your personal circumstances have changed. Perhaps you have a windfall inheritance; maybe you’re getting married; or possibly there’s another grandchild on the way. Whatever happens, it can be relatively easy to update your will. Small changes and additions can easily be made by adding a codicil: a legally valid document which can be appended to your will. However you will need to update the whole will to make more complicated changes or residuary gifts – again, your solicitor or professional advisor can help. A codicil needs to be witnessed and signed in the same way that a will is.
If you are able to, we would ask you to remember Epilepsy Society when you come to update your will
