A Will is the most important document you will make in your lifetime and it is vital that this is prepared by a legal specialist who is familiar with your circumstances. Throughout your lifetime your circumstances will change and a Will ensures that your last wishes are carried out giving you peace of mind.
A Will is a clear set of instructions left to your Executors to distribute your belongings and property in accordance with your wishes. If you do not make a Will, the Rules of Intestacy apply and this may mean that the distribution of your estate will not be as you would have intended.
When making your Will, we will also advise you on Inheritance Tax issues in relation to your property and estate should this be relevant, including asset protection arrangements.
There are many aspects to consider when putting a Will together such as who to appoint as Executors, should there be separate Trustees to administer any Trust for children, do you need to appoint Guardians for any infant children, and who you wish to leave your Estate to.
We will be able to provide you with a quote for preparing your Will before commencing the service. We will also store your Will free of charge in our office safes and send you a copy of your Will for your records.
Reviewing & Changing Your Existing Will
You should make a point of reviewing your Will every few years or so. You may have additional children or grandchildren you want to add to your Will or your circumstances may of course change.
Probate & Administration of Estates
Where a person dies, a Personal Representative, usually the Executor named in the Will, has to deal with the Estate (money, property and possessions left by the deceased) by collecting in all the money, paying any debts and distributing the Estate to those entitled to it. The Personal Representative dealing with the Estate will often have been appointed by the Deceased as an Executor in the Will.
For more information, contact Gill Collins
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