Your executors have the legal and administrative task of sorting out your assets and debts after you die and ensuring that your wishes as outlined in the Will are upheld.

You can designate anyone as a beneficiary and distribute your assets in any way you like; however, if you don’t provide for your family and dependents, your will can be contested, and your hard-won assets used on litigation fees.

You should also consider the effects that an inheritance may have on your beneficiaries. In some cases, a testamentary trust can sidestep potential taxation problems, so it’s crucial that you get specific advice about your situation.

To be valid, the person making the will must be mentally competent, the will must be correctly signed and witnessed, and show no evidence of tampering. The witnesses to the will cannot be beneficiaries or related to beneficiaries and must be over 18.

If there is any doubt or potential for dispute as to your mental competence, you should get a doctor’s confirmation of your capacity to make the will and include it with your Will.

You should certainly review your will after any major events, such as marriage, divorce, property purchase or sale, death of a beneficiary or if your assets change significantly. We also recommend that you take a look at your will every couple of years just to make sure that it is still the best instrument for you and for your family.