Are you thinking of updating or writing your Will? Our specialist Will solicitors can help to plan your affairs, making things simpler for your loved ones in the future.
Have you purchased a home, started a family, set up a business, recently married or separated? Then now’s the time to plan ahead and get your affairs in order. Doing this can ensure that the people who matter the most to you are properly taken care of. We’re very happy to answer any questions that you may have. Give Alice Carter-Tyler a call on 01752 827027 or email [email protected] for more information.
What is a Will?
Having a Will means that you can control how your assets will be divided and treated after your death. If you don’t have a Will, this control passes onto someone else. This means you won’t have a say in what happens or how they’re divided. As such, your children may miss out on inheriting your assets. In this case, monies can end up with the state and property can be lost. Around 70% of adults in Britain either don’t have a Will or have one that’s out of date. This leaves their loved ones unprotected, should they pass away.
Despite Wills being so hugely important, some 60 to 70% of British adults don’t have a valid Will in place. They’re typically prepared for use decades later, but few people want to confront their own mortality and actually prepare one.
What do I need to know?
You might think that a Will is a very complicated document. However, many of our clients are surprised to discover just how easy it is to prepare! Our specialist Will solicitors have the experience and knowledge to draw up Wills that suit their clients and their families. We take the time to get to know our clients and discuss their affairs with them. We can then advise them on the best way to future proof their Will, making important decisions regarding their wishes. Within a few weeks, we’ll have everything done and dusted, so you’ve got peace of mind for years to come.
How our Will Solicitors can help you
As part of this process, our Will solicitors will talk to our clients about their current circumstances. We’ll also discuss as well as potential future scenarios that may not have previously been considered. These conversations help inform the advice we provide and in turn, make the Will as future proof as possible. The Will writing service and process can be complicated. We’ll do our utmost to make the whole process as easy and straightforward as possible. You can be sure to receive straightforward information delivered in a simple, easy to understand manner. Our expert team will also provide advice on other aspects of estate planning. This includes probate services, tax planning and mitigation, estate administration and powers of attorney.
“Wills are the documents that nobody likes to prepare, but everybody needs. They save a lot of time and a whole heap of questions about what should be done with everything from the small sentimental things to the big things like property, investments and personal items.”
David Cornelius, Partner
What should I do next?
Our team of Will solicitors are on hand to provide you with the advice you need. We’ll answer any questions you might have, and some that you might not have even thought about. We’re here to help you when you’re ready. If you’ve been putting off writing a Will, get in touch with us today for some expert help.
It is a document that deals with your estate (everything you own) after you have died. You can change your Will at any time during your life if you wish, as long as you retain the necessary mental capacity to do so.
You must know you are making a Will, roughly know what you own, who might be expecting to inherit from you and give them consideration. You need to not have “a poisoning of the mind or affection”, which means that you need to understand why you are leaving something to a person, or not, if that is the case and not be influenced to make the decision.
You can leave everything you own in your Will, including your savings and your property, as well as things like your personal possessions. You can also include a funeral clause and if you have children under the age of 18, you can include a guardianship clause. Importantly you can choose your Executors, who are the people who will sort out the paperwork in the administration of your estate.
There is no such thing as a “joint Will”, but there can be Wills in mirror terms, which are the identical to each other, other than the change of the change of names.
Mostly houses are held as joint tenants, which means that they pass by survivorship and not via the Will, so unless you sever the joint tenancy, it is not possible to leave your Will to anyone, as it will automatically pass on your death to the other joint owner. This also happens to joint bank accounts, that they pass by survivorship.
If you sever the joint tenancy of the property, assuming it is jointly owned, then you can grant your surviving spouse/partner a life interest and leave the remainder to your children. This will mean that your surviving spouse can live in the property for the remainder of their life but would not be able to use your half share of the value of the property to fund their care home fees. Your children would inherit your half share on the later death of your spouse/partner.