What You Own
Precisely what you own obviously has wide implications for the
rest of your Will, as it determines how much you have to give
away.
You should make an exhaustive list of all your property,
possessions and assets so that you are aware of the full value of
your estate. Don't forget to take into account any outstanding
debts that you may have.
Here is an easy checklist to get you started:
| 1. Property |
| Your Home |
£ |
| Your Second or Holiday Home/Caravan |
£ |
| Your Household Contents (furniture, clothes etc...) |
£ |
| Antiques |
£ |
| Jewellery |
£ |
| Your Car |
£ |
| Other Items of Value |
£ |
SUB TOTAL = £
If you own property or hold substantial assets, a Trust Will may
be more appropriate. See our page on Types of Wills for more information.
| 2. Financial |
| Bank Accounts |
£ |
| Building Society Account |
£ |
| Stocks and Shares |
£ |
| National Savings |
£ |
| Pension/Benefits |
£ |
SUB TOTAL = £
| 3. Money You are Owed |
| Debtor's Name |
| Debtor's Address |
| Date of Loan |
| Amount Outstanding |
£ |
SUB TOTAL = £
| 4. Money You Owe (unless these will be paid
off on your death) |
| Mortgage Outstanding |
£ |
| Other Loans |
£ |
| Overdraft |
£ |
| Hire Purchase |
£ |
| Credit Card Debts |
£ |
| Other Money Owed |
£ |
SUB TOTAL = £
To establish the approximate size of your estate, add together
the subtotals in tables 1, 2 and 3, then subtract the answer from
table 4.
Total Value of Estate =
£
Now that you know the total value of your estate, you will
be able to establish how you would like to divide it up and to
whom. The next step is to then contact us to start drafting your Will.