A Will is a crucial legal document allowing you to specify what is to happen to your estate (property, money, investments, possessions) on your death. It also enables you to appoint a Guardian to look after any minor children on your death. In your Will you can:-
Ensure your estate is managed in the most tax efficient way. Inheritance tax liability can be a major surprise.
If you are in a relationship then you can make ‘Mirror Wills’ which are essentially identical Wills.
So many people delay in making a Will as it is difficult and upsetting to contemplate ones own death and arrangements for the future. However, if you die without a Will everything you have worked hard for may be distributed in accordance with strict legal rules rather than your wishes. In certain cases your estate could pass to the state!
If you are in a relationship but are not married, your assets may pass to your parents or your siblings, rather than your partner.
Another crucial consideration is who will look after your children when you die. It is vital you plan ahead.
If you die in England and Wales with no Will and no living family members, then all your possessions will pass to the State.
By making a Will you can specify your wishes.
If your estate is over the tax threshold, which is currently £325,000.00 for a single person, then you should plan ahead to avoid paying more Inheritance Tax than is necessary.
If you already have a Will in place then it is advisable to review it every few years and always after there is a significant event such as a death, birth or a decision to form or end a marriage or UK Civil Partnership.
When a person dies, without leaving a valid Will, their property must be distributed according to the strict and inflexible rules of Intestacy. In addition, when someone dies leaving a Will that disposes some, but not all of their estate, the rules of Intestacy will apply. The rules of Intestacy will be relevant to the extent of the property that can not be distributed by the Will.
In respect to the rules of Intestacy, please note the following: –
WILL WRITING SERVICE
A professional Will writing service and we offer free storage in respect of your Will or any other important documents, e.g. deeds to your property.
We are regulated by the Solicitors Regulation Authority and have rules to adhere to unlike many Will Writing Services found online.
If you are unable to attend our Office, we can visit you at your home, Care Home, Hospital, Hospice or anywhere else you may be living or staying. Our Office has wheelchair access to the rear of the building.
REMEMBER A CHARITY
We support Remember A Charity. A registered charity that represents 200 UK charities and works closely with partners in the legal sector, government and private sector to raise awareness of gifts in Wills.
WHAT RECENT CLIENTS HAVE SAID ABOUT OUR SERVICE –
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