By making a Will you can decide what happens to your property and possessions after your death. You do not have to make one by law, but it’s the best way to make sure your estate is passed on to family and friends exactly as you wish.
If you die without a legally binding Will, the State directs who inherits your estate; so your friends, favourite charities and relatives may get nothing.
It’s particularly important to make a Will if:
- You are not married or in a civil partnership,
- Several people may make a claim on your estate,
- You want to include a trust in your Will,
- Your permanent home is not in the UK or you are not a British citizen,
- You live in the UK but you have overseas property,
- You own all or part of a business.
Although it is possible to write a Will without using a solicitor’s help, this is generally not advisable as there are various legal formalities you need to follow to make sure that your Will is valid.
Without the help of an expert there is a real risk you could make a mistake,which could cause problems for your family and friends after your death.
Probate made simple can help you with this:
Our fixed price services include:
Will writing, Will reviews, Will updates couple with honest advice and guidance
Once you have Probate Made Simple to act on your behalf, we will need the following details from you to complete your Will:
What do you own?
We would need details of everything you own; including property, cars, personal valuables, stocks and shares, bank accounts, insurance policies, any businesses you own and any pensions you have.
Who gets what?
Who do you want to leave these assets to? How do you want to divide your property between your loved ones, friends or charities? Are there any conditions you want to attach to these gifts, for example that young people must reach a particular age before they are paid money you have left them?
If you have any children that may still be under 18 when you die, you may need or wish to name someone as their legal guardian to ensure that they have theright to bring up your children in the event of your death.
Once you have had a Will drawn up, some changes to your circumstances – forexample, marriage, civil partnership, separation, divorce or if your civil partnership is dissolved (legally ended) – can make all or part of that Will invalid or inadequate. This means that you must revise your Will regularly, to reflect any major life changes.
We will happily discuss with you what changes may be necessary to update your Will and advise you on how inheritance tax affects the assets that make up your estate. For example if you have business assets, farms, trusts or you are a beneficiary of a trust the tax is treated differently and we can advise on the best way to give the assets away and reduce the total inheritance tax bill.
Call and speak to one of our team to see how we can help.