Five Reasons To Make A Will
Protecting your Loved Ones
Most of us put off making a Will but we never know when it will be needed.
Making a Will now makes sense to get all your affairs in order and you’ll probably find life less stressful once you’ve done so.
It will give you the satisfaction of knowing that your family will be taken car of as you intended.
- You can decide who inherits and not the State.
- You choose the Executors you trust to act for you.
- You can choose Guardians to look after young children.
- You can help avoid any unnecessary Inheritance Tax.
- You can help avoid any family conflicts.
FREQUENTLY ASKED QUESTIONS
What documents do I need to make a Will?
A list of all your assets such as property, shares, bank accounts, life insurance and liabilities including mortgages & loans etc.
Details of the recipients of the Will and who you want to act for you including any guardians.
List who you'd like to benefit from the Will and if you'd wish them to have any specific items.
When should I check my Will?
You should check every three years or if there are any changes to your circumstances or if your wishes have changed.
Also then review your executors, guardians and trusties as well as any beneficiaries.
What do I do if my spouse/civil partner remarries to protect my childrens inheritance?
Consider a trust in your Will to safeguard your children's inheritance. Please contact us at any time if you have any doubts or concerns as soon as possible.
Who can be a guardian?
Almost anyone can be a guardian but usually a friend or family member over eighteen. Consider their age and health etc. to be able to care for your children.
Should I wait until I'm divorced before making a new Will?
Absolutely not as divorce can take longer than you think. Make a new Will to avoid your ex-partner inheriting from your current Will or intestacy.
Does my spouse get everything if I don't have a Will?
Possibly not. If you die intestate (without a Will), the size of the estate and whether you have any children dictates the rules by which it's divided. This can cause an additional IHT (Inheritance Tax) liability, a co-ownership of assets, plus delays and extra expense too.
Where should I keep my Will?
We offer safe storage for your Will because if it's lost, damaged or altered in any way, it could cause problems at Probate. Then your wishes may not be carried out.
