Will Writing Worksheet!

Before beginning the process of making a will or codicil, we recommend that you first complete a full schedule of your assets and liabilities. By doing this, it will be easier for you to work out what assets you actually own, and identify your liabilities, before deciding who you would like to make gifts to and how. By having all the relevant details at your fingertips it will save a considerable amount of time in the preparation of your will.

In addition, by keeping this will writing worksheet (and document/asset locator) with your will or other personal papers, it will greatly assist your executor in identifying and locating your assets and liabilities when the time comes. This is very important because, in most cases, the people who stand to inherit from you when you die will be your close family and friends. In reality, many of these people may be financially dependent on you and, in turn, their inheritance. However, despite this obvious dependence, executors are often powerless to transfer assets to them because they either cannot locate the assets or, if they can, cannot locate the important legal documents necessary to transfer legal title in those assets.

The easiest way for you to avoid this common and unnecessary problem is to ensure that your executor is made aware of the location of all your assets and important legal documents. You can use this Will Writing Worksheet (which also acts as a document locator) to notify your executors of the location of each of your assets and any important legal documents – such as your last will and testament, your title deeds, life insurance policies etc. By having all the relevant details at their fingertips, this document will greatly assist your executors in promptly locating and distributing your estate to your loved ones.

Simply complete this document setting out details of all your property, cash, investments, pension plans, cars, personal property and business assets. Then place the form in a safe place making sure that some trusted member of your family is made aware of its location. That’s it!

This document comes in a simple downloadable format that can be easily completed.