Why should I have a Will?
A Will is probably one of the most important documents you create in your lifetime, yet half of the adult population lacks one. When it comes to the devolution of your estate, it is crucial to seek professional advice, so that your wishes are carried out as intended.
By seeking advice and having a Will in place you can be sure:
- You have provided for your spouse, children, and loved ones.
- Your assets are protected for generations to come.
- You are passing on your property and assets to the people you wish.
- You have planned effectively to minimise inheritance tax and other taxes.
Can I prepare a Will on my own?
Yes, you can prepare one yourself online, which may work for a few, but it can ultimately be a very costly mistake. In an era where 1 in 4 estates are contested, litigation costs can easily reach hundreds of thousands of pounds (sometimes causing the estate to disappear altogether). It is crucial, therefore, that you seek expert advice from a knowledgeable individual.
In our years of expertise and experience in Will drafting and trust advice, we have acted on behalf of beneficiaries, executors, and trustees in contentious disputes. We can help defend your position and make the situation right if you feel you have received an unfair judgment.
Every person’s journey is different. Someone may have a complex case compared to a friend, colleague, or family member. We always recommend you seek professional advice for the best future planning and protection. However, as a starting point, the key things to consider are:
- Any property and assets you own.
- Determining the executor(s) of your estate.
- Choosing your beneficiaries and the inheritance you wish to leave them.
Preparing for the future provides you with peace of mind, which is why you may want to consider making a Lasting Power of Attorney as part of your Will. Therefore, if you lose mental capacity later on in life, you have someone set up to make decisions on your behalf.
What you will get from us:
- Someone who spends the time listening to your circumstances, your intentions, and your goals.
- Expert advice on how to overcome issues that may arise, and what solutions to use.
- Tailored solutions to meet your needs; We do not try to fit you into a package.
- Advice on reducing your inheritance taxes and protecting your assets for the next generation while acknowledging that this is your wealth and you may require it in the future – some organisations will try to sell you a solution that ties up your wealth so you cannot access it.
- Documents tailored to fit your circumstances along with an explanation of the relevant terms. We don’t believe that people should sign documents if they do not understand the content.
- Advice about any issues that may arise in your estate including possible claims that could be made by disappointed parties.
- The peace of mind that comes from having documents to make sure that your wishes are followed by your death and alleviate any tension that may arise.
Individual circumstances vary. Take our quiz below to find out what type of Will may be required based on your circumstances.
