Before you set out to write your Will, make a list of the assets you own, and the people you would like to leave them too (beneficiaries). If you want to leave specific gifts to loved ones, think about what you could give and what might be special to someone. E.g. Maybe you would like to leave a wedding or engagement ring to your daughter, or a watch to a son that has been passed down from your father.  Anything left over after payment of debts, funeral expenses, gifts of specific assets or sums of cash and administration costs, is known as the ‘residuary estate’ or simply ‘residue’. Using Smart-Will, you can either select the most common scenario of your residuary estate being  inherited by your spouse/civil partner or partner, or if they have died before you, being shared equally  by your children, or you can name specific people and percentage shares.

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