Preparation of Wills
Your Will allows you to decide what happens to your belongings after your death – this is a given right to anyone. Many people are under the illusion they only need a Will when they reach a certain age. This is not the case.
Completing and signing a Will in the correct way allows you to decide who should benefit from your Estate. No matter what age you are, if you die without having made a Will, which is also known as dying intestate, your Estate will be distributed in accordance with a set of statutory rules, which may mean that assets pass to someone who you do not want to benefit.
Why make a Will?
If you prepare a Will, you can identify who you wish to look after your Estate following your death. This gives you the opportunity to name the people you trust rather than those who would be entitled to do so if you died intestate.
The main purpose of your Will is to set out clearly who should benefit from your Estate and in what proportions they should inherit it. If you are leaving someone out of your Will, we can advise you on potential claims against your Estate and matters you need to consider to protect it.
We recommend that you review your Will with us every 3 to 5 years to make sure that it still reflects your wishes and you are aware of any changes in the law in relation to Inheritance Tax.
Preparing a Will is made easy with our team
Preparing a Will does not need to be complicated and time-consuming. Our Private Client team tailors their advice to your needs and explains complex matters in a friendly and straightforward manner. It is extremely important that the correct procedure is followed to avoid the chance of the Will being invalid. It is important to note that in recent years there has been a rise in court actions with regard to the validity of Wills.