Many people think that making a Last Will and Testament is something you do only when you are old, and other people don’t ever consider writing a Will. However, everyone with property or any assets should make a Will to protect their assets and their loved ones.
There are many reasons why we should all make a Will, below are a few examples:
- The person that you appoint as your Executor can take decisions about your Estate immediately after your death. This will make everything much simpler and quicker for your loved ones to sort out at a very difficult time.
- If you have children who are under the age of 16 years then through your Will you are able to nominate Guardians and make financial provision for your children. In the event of the death of both parents, arrangements will have been made by you for their future welfare.
- If a relative or friend is dependant upon you in some way, you can make the right provisions in your Will to bequeath an appropriate part of your Estate to your dependant.
- You may be able to save your family paying unnecessary Inheritance Tax at the time of your death by making appropriate provisions in your Will.
A properly drawn up Will gives you real peace of mind. You can make provisions for your partner and family, and know that your wishes will be carried out.
If you do not make a Will then your estate will be distributed according to the rules of intestacy. In some circumstances this can cause a great deal of distress for those who are left behind, and it could also cause hardship. The biggest problem is, of course, that those you might wish to benefit might receive nothing, and those you might not wish to benefit might do so!
Why use a Solicitor to write your Will?
A Will drawn up by a Solicitor addresses the matters referred to above and will deal with your own individual requirements.
Sometimes ‘Do It Yourself’ (DIY) Wills create more problems than they solve. It is essential that your Will is properly prepared by a solicitor to avoid any confusion or disputes when you die. We can advise you on Inheritance Tax implications and on the options that are available to you as to how you can leave your assets. Please do remember that any discussion you have with a Solicitor is confidential.
Our experienced team can advise and assist you with:
To speak with a Solicitor about writing a Last Will and Testament, please call Farleys Solicitors LLP now on 0125 460 6090 or contact us by e-mail.