
Frequently Asked Questions
Wills
-
Everyone should make sure that they have an up to date Will. Many people have created a Will in the past, but have lost it or their circumstances have changed. In these cases, we recommend updating your Will. If you are considering creating or updating your Will, you could also consider whether a Property Trust would help your loved ones in the future.
-
We can help you to create your Will – we recommend that you read our specialist Guide before starting. If you are happy to proceed you can create you Will.
-
There are many advantages to having an up-to-date Will. Primarily, your Will states your wishes in terms of dealing with your property when you pass away; however, a Will can do much more than this. Please read our guide to creating a Will and then contact us to assist you.
-
Yes. Firstly, if you are not married, your partner won’t automatically inherit anything from you. Secondly, if you are married, you should write a Will to state your wishes should your spouse pass away before you.
-
The answer is, you probably do. Firstly, you may not own your home at the moment, but you may pass away many years from now – and nobody knows what they will own in the future. In addition, you may well have more assets than you think. Do you have a pension pot? How about life insurance? These are all assets that can be dealt with in a Will.
-
You may still benefit from a creating a Will. Wills can do more than deal with your assets when you pass away – you can exclude certain people such as ex-partners, whom you may not wish to benefit if you pass away. You can also appoint guardians for your children in your Will.
-
You can appoint any trusted person over the age of 18 to be your Executors. This could be a cousin, a close friend, or your brother or sister. It is recommended that you do not appoint someone who is significantly older than you (such as parents), because if they pass away, you will have to update your Will again.
-
If you made a Will when you were married, you probably nominated your ex-spouse as your Executor and beneficiary. If you want to make certain that your ex-spouse does not benefit from your estate when you pass away, you can make a new Will (which will automatically overwrite the old one), and specifically exclude your ex-spouse.
-
If your children are under 18, or in need of additional care, then we recommend writing a Will to appoint guardians for your children in case you and their other parent both pass away before they are 18.
-
Even though you are living with a long-term partner (co-habiting), the law in relation to inheritance tax will not treat you the same as a married couple. However, we can write Wills for you and your partner so that you get the same treatment as a married couple in terms of inheritance tax.
-
We can help you protect these assets for your loved ones in the future using a Trust Will. Please get in touch to discuss your requirements.
-
We can help you protect these assets for your loved ones in the future using a Trust Will. Please get in touch to discuss your requirements.
-
We can help you protect these assets for your loved ones in the future using a Trust Will. Please get in touch to discuss your requirements.
-
The short answer is, yes. However, as well as ensuring your wishes are made known, we can advise you on how to make the most of the available inheritance tax allowance and can assist you in establishing trusts to manage the deferral of any inheritance of any beneficiaries. DIY Will packs are available, but the process is full of pitfalls and errors are easy to make - which could result in your wishes not being carried out.
-
Your estate (property) will be given away according to the Intestacy Rules when you pass away. These rules may not be in line with your own wishes, so it’s always better to have a Will for your own piece of mind.