I’ve been reading up on setting up a Will (I don’t have one right now), and was prompted to create this topic in response to another on here https://community.monzo.com/t/death-of-shareholder/59395 (didn’t want to jump in on it!)
As more of us become investors (courtesy of sites such as Crowdcube and Seedrs, or apps like Freetrade) and have access to stocks and shares, as well as regular products like ISAs etc, it’s apparently encouraged that you include these kind of things in the Will itself, so you can state what the Executor should do with them.
My question is this: as I understand it, any changes to investments (if set out in the will) would need either a codicil or a brand new will, which is a lot of effort, especially if your investment portfolio (get me!) changes frequently.
Just wondering how others have tackled this? Do you create a new Will every year? Do you keep the investments mentioned but in more vague terms? Am I completely on the wrong path?