Making sure your estate is dealt with according to your wishes
It is estimated that nearly two-thirds of adults have not made a Will. Some see it as morbid, unnecessary, complicated, time consuming, expensive or something to do in the future. However, we know that by creating a Will you will feel comfort knowing that you have made proper provisions for all those you feel should benefit and by confirming the trusted people to carry out your wishes.
It sounds like a daunting task, but it does not have to be. We are here to help offer advice and support in all aspects of making a Will and have even created an easy-to-follow checklist on what to include.
“We know that creating a Will can be a daunting prospect, but this is where we can help. Through our many years of experience, we know that once a Will has been created, you will gain comfort from knowing that all the proper provisions are in place for those you wish to benefit.” Mike Dunkley, Director and Will Specialist
If you die without a Will, your estate will be ‘intestate’ which means your assets will be distributed according to the law of the land. This may not be in accordance with your own wishes, but without a Will there will be no other option. Dying intestate can be a complex administrative process and as a result costs can mount up, ending up being far more expensive than making a Will in the first place.
Not making a Will can be a costly mistake but dying with a Will that is out of date can also cause significant problems. Many people make their Will when they buy their first property or have their first child, so it is only natural that situations will change considerably over the years. There are two ways you can update your Will:
- You can start again from scratch if there are substantial changes you would like to make.
- Add a Codicil. This is a way of adding new clauses to an existing Will and is best suited for making small amendments.
We are here to advise on the best method for your personal circumstances and will ensure that you have considered all the implications of any amendments or additions.
If you require any guidance or support when it comes to writing your Will, please call us to make an appointment on 01454 619900.
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