Professional Will Writing Service
If you’re reading this, you’ll hopefully have decided that a Will is a good idea; it adds certainty to what happens after a death, saves time, and will minimise the probate (or estate administration) costs to be incurred at that time.
The alternative default (or fall back) position is the 1925 Law of Intestacy* which imposes an archaic and some say unfair set of rules to the distribution of your estate.
In your Will, you get to choose who will carry out your instructions (your executors) and if money needs to be held on trust for children under 18 (your trustees) and at what age your children will inherit, why not choose 21 or even 25 for instance?
If you die leaving your children under 18 orphaned, would you want them to go into foster care, or be looked after by people you trust and have named in your Wills (your guardians).
You may wish to leave specific gifts (money or items) to friends, family or charity, without a Will it won’t happen.
Many of us include a ‘Will Trust’ to protect our estate from future risks, so you can see that it is a bigger topic than most realise
* as amended by the Inheritance & Trustees’ Powers Act 2014 a Will:
Making a Will:
- is always going to help to avoid the long delays in settling your estate
- ensures your spouse will get everything
- is essential if you are cohabiting partners
- allows you to choose legal guardians for your children
- can provide for disabled/vulnerable beneficiaries through a Will Trust
- can save you inheritance Tax
Don’t buy a cheap Will
Easy to say but if you don’t know the marketplace, what should you be looking for? Advice you can trust and a professional who can put it across to you so that you do understand your Will. Getting a personal recommendation, reading independent reviews on Google, or in our case, checking out our client reviews on www.ipw.org.uk in the ‘find a members’ area should give you the confidence you need to get in touch.
Making a will is without doubt the most certain way of ensuring your estate ends up in the hands of the people you want, eliminating any possible confusion and problems that may arise from intestacy or home-made Wills.
One day your Will is going to pass on everything you own, so it is worth spending a bit of time on this to get it right.
Top 10 reasons to get a Will
- You decide how your estate will be distributed
- You decide who will take care of your minor children
- Helps to avoid a lengthy probate process
- Minimise estate taxes
- You decide who will wind up the affairs of you estate
- You can disinherit individuals who would otherwise stand to inherit
- Make gifts and donations to friends, family & charity
- Avoid greater legal challenges
- Because you can change your mind if life circumstances change
- Because tomorrow is not promised
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See how Rob Abell can help you and your family plan for the future.
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