Having a valid Will in place ensures your estate is dealt with as you wish when you are gone. This includes making provision for those you care about as well as circumstances where you may wish to exclude someone. Your life is always changing and so should your Will. Whether it’s a change in financial circumstances, buying a new home, getting married, having children or grandchildren or getting divorced, it’s important to review your Will regularly to make sure it reflects these changes. We work with clients to make sure their Will is drafted correctly so their estate is passed down to the right people after they pass.
A Will is a legal document that makes sure your assets (such as property, cash, savings, and possessions) are left to the right people (beneficiaries) when you are gone. It is the best way to guarantee that your family is supported financially and provided for in the way you want. Many people mistakenly believe that if you do not have a Will, your spouse will automatically inherit but this isn’t always the case. Equally, if you aren’t married or have step-children, they may receive nothing unless you make a Will.
There are many reasons you should prepare a will, including:
- You can make financial provision for your children and loved ones
- Efficient tax planning will ensure that the minimum amount of your estate is lost to inheritance tax
- You can ensure your intentions are clearly understood, which will minimise disputes between your family members after death, e.g., your funeral arrangements
- You can appoint guardians you know and trust for your minor children
- Provide for your unmarried partner and anyone else you choose, including charities
- If you die without a valid Will, intestacy rules apply and your estate may pass to someone you don’t want to benefit
Please call 01685 886 611 or contact us online to book a free Will consultation. We offer a home visit service for our elderly clients who are unable to easily attend our office, as well as hospital visits if required.