Your Will is one of the most important documents that you will ever sign. Without a Will you have no control over what happens to your assets when you die. The future well being of your family may depend on you having prepared an effective and legally valid Will.
By using our specialist knowledge of property, trusts and tax law we can help you to plan and prepare for possible future eventualities and to put in place a Will that best suits your particular circumstances and helps to protect your loved ones. The only thing worse than not having a Will, is having a badly drafted Will or Will that does not take account of your current circumstances. It is important to review you will every 2-3 years or as and when your circumstances change.
Our Will Writing Solicitors offer a free Will review service for all of our clients. We will advise on an appropriate Will tailored to your individual circumstances and we work on a fixed fee basis.
As a single person, whether or not you have dependants, you need a Will. You may have no commitments, you may own your own home or you may have heavy responsibilities as a carer for an elderly relative or as a lone parent. Whatever the case you should consider making a Will.
Many married couples and civil partners may think that it is not necessary to make a will, since everything will simply pass to the survivor of them. Well, it may, but it also may not and you could leave your family with a significant tax burden amongst other problems. Only proper legal advice can confirm what would happen in your own particular circumstances.
You may have been living together for many years and may even have children together, but that does not mean that you have the same rights as a married couple. A partner to whom you are not married cannot inherit from you unless you make a Will providing for him or her, and they may have to go to court to get provision from your estate.
When a marriage breaks down, you have plenty on your mind. What would happen if you died is probably something you don’t want to think about, but a few minutes attention could save more heartache later on. If you are not divorced, but are separated you are still legally married. Separation has no effect on a Will. Your spouse could still inherit under your Will or if you have no Will under the Intestacy Rules.
If you have children from a previous marriage then it is important to have a Will to protect the interests of your children and to make sure that they are properly provided for. If you do not have a Will, your own children can always inherit from you, but stepchildren and unmarried partner’s children can only inherit from you if you adopt them or you make a Will which provides for them.
Whether you are a Sole Proprietor, in Partnership or a Shareholding Director of a Limited Company, dying without a Business Will can have a devastating effect on the future success of your business resulting in substantial problems, not only for the members of your business but also your family.
Learn why a Will is a basic and essential requirement for Business Owners: Wills for Business Owners
If you are worried about the financial future of a child or family member with a learning disability and are concerned about how they will manage when you are no longer around, then it is essential to make sure that you have the correct type of Will in place that will incorporate trust provisions to protect the interests of that family member. Careful planning now can help to secure the future of your child or family member and provide you with peace of mind.
We can identify whether your estate has a potential liability to inheritance tax and we can work with you to identify ways in which this could be mitigated to eliminate your exposure to inheritance tax in the future either via your Will or through lifetime planning.
In some circumstances, reviewing and amending your Will could reduce the potential inheritance tax liability arising on death. It could also shelter your assets legitimately to prevent them from forming part of a future financial means tested assessment for example for care home fees.