By making a Will you can decide what happens to your property and possessions after your death. Although not required by law, it is the best way to ensure your estate is passed on to family and friends exactly as you wish. If you die without a Will, your assets may be distributed according to the law rather than your wishes.
Making a Will
Why it's important to make a Will
A Will sets out who is to benefit from your property and possessions (your estate) after your death. There are many good reasons to make a Will:
• You can decide how your assets are shared - if you don't have a Will, the law says who gets what.
• If you're an unmarried couple (whether or not it's a same-sex relationship), you can make sure your partner is provided for.
• If you're divorced, you can decide whether to leave anything to your former partner.
• You can make sure you don't pay more Inheritance Tax than necessary.
Preparing your Will
Although it is possible to write a Will by yourself, it is advisable to use a solicitor as there are various legal formalities you need to follow to make sure that your Will is valid.
You may also need legal advice for more complicated matters and advice on Inheritance Tax.
The cost of writing a Will can vary between solicitors and will depend on how complicated your affairs may be and the experience of the solicitor.
As well as solicitors, voluntary organisations such as the Citizens Advice Bureau can also help with your will. Please note that Scottish law varies from that in the rest of the UK so make sure you read the correct section that pertains to your particular circumstance.
Standard Service Will
The provision for a simple service Will is also available. All you need to do is collect a MOD Form 106 from your Unit Personnel Office, complete the form and post it in the pre-paid envelope provided.
In the event that a serving person dies all the paperwork relating to that persons pay, pensions and the Standard Service Will are collated by the Services Pensions and Veterans Agency (SPVA) for administration and action.
Unless your Will is very straight forward and simple you are advised to obtain legal advice.
For further information contact your UPO.
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