What is a Will?
A Basic Will can be made by anyone aged over 18. A Basic Will ensures that your property, money and other assets are left to the people that you choose, when you pass away.
Couples can also have Wills, these are known as mirror wills.
Why do I need a Will?
If you do not have a valid will at the time of death (‘intestate’) then everything you own will be shared out in a standard way defined by law, this is called ‘probate’. The rules of probate not meet your wishes and you may disinherit certain members of your family.
Writing a will is even more important if you have financial dependents such as children or have specific wishes when it comes to dividing your assets upon death.
What are the benefits of a Basic Will?
A Basic Will allows you to choose who organises your estate in the event of your death (executor), you can choose things like instructions for your burial or cremation and make other specific wishes.
Having a will can have inheritance tax benefits. Speak to us today to discuss your needs.
Are there any limitations to a Basic Will?
A Simple Will generally leaves lump sum payments to your beneficiaries. For example, if you want to divide your Estate equally between all your children.
A Complex Will (LINK TO PAGE) builds on the foundations set by a Basic Will, using Trusts to further protect your Assets and Property from potential complications.
Protecting your Estate from future Generational Inheritance tax
Protecting your children’s inheritance from re-marriage after your death
Estate planning tailored for you
We offer bespoke planning for your estate, to protect those that you love if you can't be there.