Death planning guide: finding your will
Money Savings Expert Martin Lewis has compiled a checklist of 20 things you need to consider when planning for the financial well-being of your family (it’s on his website). The check-list includes tips on wills, inheritance tax, funerals and setting up power of attorney. Our last post addressed debts. This post looks at the importance of telling your next of kin where your will is.
Don't forget to let a close relative or friend know where your will's kept, so that they'll be able to find it without any additional hassle at a difficult time.
Once you've created a will, it's usually stored with a solicitor and you get a copy. If you'd rather store it yourself, you could keep it at home but this isn't really recommended. The Probate Service can also keep it for you for a fee of £20, and it's free to withdraw it. The HM Courts & Tribunal Service explains how to deposit a will and there's more information on Gov.uk.