Making a Will

Does this surprise you? -

• on marriage, or re-marriage, an existing Will becomes invalid
• unless you state otherwise children (including grandchildren) will inherit at 18 years old - you may not want this
• stepchildren will not inherit unless there is a Will
• most jointly owned assets will pass to your survivor and will not pass by your Will - unless special steps are taken
• after re-marriage you can make provision for your spouse and still your children could eventually benefit
• your Will can state that someone should not inherit
• children/grandchildren under 18 cannot directly inherit assets - with a Will you can choose the trustees who manage those assets
• without a Will your spouse may not necessarily inherit all you have - the family home might have to be sold to distribute your assets to other members of the family 

Why make a Will?

Making a Will is a relatively simple process. It is not tempting fate, and you will probably get a sense of satisfaction from putting your affairs in order.

It is wise to speak to a Solicitor about your requirements. Making a Will is not expensive and a small price to pay when considering the potential losses through taxation and family problems which might occur without one.

By planning ahead you can ensure your assets pass to your family or others who you wish to benefit.

Making wills can be so much easier when you and your spouse/partner are together. A Will can ensure that your concerns about the financial security of your surviving spouse and family are properly dealt with.

What is a Will?

Your Will is a document which says what will happen to your assets when you die.

You can also use your Will to decide how your money will best help your family or others. You can appoint appropriate executors and make gifts to charities and friends. Sometimes tax savings can be planned.

If you die 'intestate', without a valid Will, the Law will decide how your estate will be distributed.  The results may not be as you would have chosen.

For a Will to be valid and legally binding it is unwise to attempt to draw up your own Will.

Why do I need a solicitor?

There's nothing to prevent you drawing up a Will yourself BUT the requirements for it to be legally valid are strict and the law surrounding it complex.

A mistake in the drafting of a Will can produce disastrous results.

As solicitors we are all too often asked to unravel the legal and practical consequences of out-of-date and poorly drafted Wills.

Our professional training, breadth of experience and knowledge of trusts, tax, property and family law enable us to make the right Will for you and your family.

By providing practical as well as legal help we can help you tackle the wider issues which arise from your Will and provide you with certainty and peace of mind now and in the future.

Our advice on all matters is independent and confidential.

If you need further information, please contact Justine Hardy or Selena Hinds