Will Writing
The importance of a valid Will
A Will is one of the most important documents that you will sign during your lifetime, however making your Will does not need to be a daunting task. A Will is not just about who is to inherit your money, it is also about protection for your family.
Your Will is a legal document which outlines what you would like to happen to everything you own (known as your ‘estate’) once you pass away. Those responsible for distributing your estate are (usually family members/ close friends) known as your ‘Executors’.
Your Will is also used to document other important decisions you have in mind such as funeral wishes, setting up protective trusts or maybe leaving specific people out of your Will. You can also name legal guardians to look after your children, should they become orphaned under 18 years of age, preventing them being taken into care. This makes your Will one of the most important documents that you will sign in your lifetime.
What happens if I die without a Will?
If you do not have a Will (or it cannot be found) when you pass away, your estate will be distributed by the standard Government rules known as the ‘line of intestacy’. This may not be the way you want your estate distributed, as the wrong people may benefit!
Do I need to update my Will?
We recommend reviewing your Will every three years due to change in circumstances, i.e. marriage, children, grandchildren, divorce etc. Did you know that marriage revokes a Will? If you marry someone after making your Will you will need to make a new one, unless you have put the relevant clause in the Will to protect against this.
If you feel you need to update your Will or would like more information on this, please call us today. If you feel your circumstances haven’t changed and that your Will is fine, then there is simply no need to update it.
Who should I use to write my Will?
We highly recommend using an company which is fully insured, a member of an affiliated body and have been approved to operate in the correct way, by offering ‘face to face’ appointments to their clients. We are pleased to confirm that we tick all these boxes….and more! There are a number of Will Writers who will just take your instructions and not give any advice. It is so important that you fully understand the product that you are purchasing and how it can affect your estate. We give full FREE advice to our clients, and also offer an estate review to see if there is any liability’s to your estate i.e. possible inheritance tax.
“Excellent service from beginning to end – and beyond. Nothing is too much trouble for them. I would, and do, highly recommend Inheritance Legal Services. A totally trustworthy team.”
Mr & Mrs Whitby
Contact us today about making your Will
If you have any questions, or would like to arrange an appointment, please do not hesitate to contact us.
