What is a Will?
A will is a document in which you set out your intentions for your money and property following your death. It can also include special funeral details.
Why make a will?
Making a Will can put your mind at rest. It ensures that your hard-earned assets are dealt with according to your wishes, rather than distributed according to the strict Rules of Intestacy set out by the Government.
If you die without making a will, you risk losing your estate to relatives who you may not wish to benefit from your passing. If no relatives can be traced, the estate would go to Her Majesty’s Treasury, which most people find unacceptable.
Making a will
We can prepare a will that suits your wishes. It can be as straightforward or as detailed as you require. In a will, you can:
- Name the trusted relative, friend or solicitor whom you want to carry out your instructions (to act as Executor)
- State who you want to care for your children (to act as Guardian)
- Provide for your family on your terms
- Leave treasured possessions to people you know would like to own them
- Give money to charities, your place of worship or friends
- Make provisions for an unmarried partner or give someone the right to live in your home after your death
- Minimise possible liability to Inheritance Tax
- State your funeral wishes for either burial or cremation
These things cannot happen if you do not prepare a Will.
Probate (administration of a deceased’s person’s Will)
One of the most difficult matters to deal with following the death of a loved one is sorting out their financial affairs. We offer a sensitive and professional service to families following a bereavement. We can:
- Deal with funeral arrangements and the vacation of homes
- Organise the reading of the Will
- Deal with tax matters and prepare the necessary documents required by the Court
- Locate lost beneficiaries
- Prepare Estate accounts
- Distribute assets according to the Will
- Set up and manage any Trusts arising from the Will
Lasting Power of Attorney
Some people become physically or mentally unable to deal with their personal affairs. We can prepare a simple document that gives a trusted friend or family member the ability to assist.
We can also apply to the Court of Protection for an Order so you can manage the affairs of a friend/relative who is mentally incapable of doing so (to act as Deputy).
We can also provide advice on:
- Tax Planning
- Trust Administration
- Preparation of Living Wills
- Changing the way you own your home with your partner to ensure the provision in your Will is effective.
Whether you want to draw up a new will or alter your existing one, we are happy to guide you through the process.
For assistance, please do not hesitate to contact Peter Sweetman on email@example.com or call 020 8840 2572.