Making a Will
Making a Will may not seem an attractive idea but it is essential for anyone who is seeking to protect their assets for their intended beneficiaries. By making a Will, you have the choice to make important decisions such as who will administer your estate, who will take care of your children and who will benefit from the assets you have built up.
Wills start from £150 plus VAT and are bespoke to suit your needs.
In the absence of a Will, these choices are taken from you and your estate will be administered in accordance with statutory rules which may not give the outcome you would have expected or wished. Your beneficiaries are also likely to have to spend time and money verifying that there is no Will.
If you are an unmarried couple you should be aware that the law does not automatically recognise cohabitees as having the same rights as a married couple. If you have not made a Will the intestacy rules could leave a partner in a vulnerable situation.
We are here for you to provide the very best advice helping you make your Will is as straightforward and cost-effective as possible. However, some more complex circumstances and questions do arise:
- Are you looking to provide for children of a previous relationship?
- If you are a couple, are you concerned about the impact of care costs on the survivor of you?
- Are you looking to reduce exposure to Inheritance Tax?
- Do you need to provide for a business to be continued or sold?
- Do you want to make provision for a disabled relative?
- Do you need to make provision for someone to whom you have given financial support ?
- Is there a foreign element – do you own property abroad or are you a national of a country outside the UK?
If you already have a Will we are able to assist you in reviewing it and ensure your Will suits you and your current situation. A Will should be kept in review as your personal and family circumstances change and as tax rules change. Marriage revokes any earlier Will (unless made expressly in contemplation of the marriage). Divorce does not revoke a Will but does affect any provision made for the former spouse.
If you would like more information, please refer to our brochure.