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Deciding Who Inherits What

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This is the heart of most Wills – deciding where your assets go.


Questions to think about:


  • Who are your main beneficiaries?

  • Do you want to leave specific items to particular people? Perhaps sentimental jewellery,

    or a particular painting.

  • Should children inherit equally or differently?

  • Do you want to leave money to friends, charities, or causes you care about?

  • What happens if a beneficiary dies before you?


Don’t forget digital assets – online accounts, photographs, domain names, or online

businesses.


Specific gifts vs. residuary estate


You can leave:


  • Specific gifts (items, sums of money)

  • Residuary estate (what’s left after debts, taxes, and specific gifts)


Example:


“I leave £5,000 to my niece Sarah” (specific gift) and “the rest of my estate to my two

children equally” (residuary gift).


Avoiding disputes


Clear instructions reduce the risk of arguments. Be specific about descriptions and full

names.


Your Wills Team can guide you through structuring your Will to reflect your wishes clearly

and legally.


Contact Us today- info@yourlegalteam.org.uk


 
 
 

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