Making a Will
A Will is one of the most important legal documents you create in your life, yet approximately 25% of the UK population will die without leaving a Will.
Consider for a moment how the people you care for will be affected by your death. The last thing you would want them to have to deal with is financial uncertainty. By instructing the solicitors at Arnold Greenwood to draft your Will you can have peace of mind that the people you care about will be provided for after your death.
Without a Will you are 'Intestate' and you will have no control over who inherits your estate or over the level of Inheritance Tax and other taxes that may become payable as a result of your death.
At Arnold Greenwood we have an experienced team of solicitors that can help write your Will. We will discuss your circumstances and establish the best course of action including:
- choosing an executor or executors,
- identifying your assets,
- limiting potential inheritance tax costs,
- choosing and notifying Guardians for infant children,
- creating Trusts for infant children, and
- confirming your funeral wishes.
We strongly recommend that every adult makes a Will. If your circumstances change, whether through the birth of a child, your marital status, or the death of a beneficiary or even receiving an inheritance, then it is wise to review your Will and make any necessary amendments.
FAQs about Making a Will
Why make a Will?
Making a Will provides peace of mind; ensuring your assets are divided amongst those you wish to benefit and can also limit the amount of inheritance tax that must be paid and make distribution of your estate much easier.
Who needs a Will?
A Will is not just for passing on property and financial investments. If you have infant children you should make a Will naming legal guardians to care for your children after your death. Your Will also enables you to make proper financial provision for your children by using trusts to protect them whilst they are vulnerable and until they are mature enough to receive what can potentially be very large sums of money.
Why use a solicitor?
It can be a difficult time for the family following the death of a loved one and having a Will in place means there is one less thing to worry about. Employing a solicitor can help to avoid, or reduce, conflict by providing impartiality at an emotional time.
We are experienced in dealing with complex estates and inheritance tax planning issues, so you can be assured that our solicitors will deal competently and thoroughly with any issues arising.
By appointing a solicitor to write your Will, it is their responsibility to ensure that all the necessary legal requirements are complied with.
How much does a Will cost?
We offer a fixed fee Will-writing service. For those with complex estates, or specific requirements that require detailed planning, we will provide a competitive quote for our expertise.
Our friendly solicitors will guide you through the process. We understand that when making your Will, above all, you are seeking the comfort that comes from knowing your loved ones are secure and we will spend time with you to get to know your circumstances and advise you properly.
Have you considered the impact on your loved ones if you become incapable of making decisions for yourself?
We can provide sensitive and bespoke advice as to how best to protect your family and assets in this event.
For further information, please contact Alison Peel on 01539 720049, or complete the contact form.