Signing a Will is primarily about making the lives of those you leave behind easier and protecting their inheritance. Many people do not fully understand how their estate will be divided if they die without a Will; in fact, the truth can be surprising. Not making a Will is still a choice and it…
There is no reason why a DIY Will should not be valid; however, the onus is on you to get it right. Ultimately, preparing a Will without professional advice can lead to problems later down the line. If your Will is ambiguous, incorrectly signed, fails to deal with your entire estate or attempts…
Yes. Whilst you may not have a large estate now, this could change in the future. Similarly, as part of preparing your Will, you should also consider any death in service benefits and life assurance that may pay out on your death.
No. For parents of children under the age of 18, the best way to appoint legal guardians for your children is through your Will. This ensures that should something happen to both of you, the legal guardians chosen by you will have parental responsibility immediately and be able to concentrate on looking after your…
If you die without a Will, the division of your estate will be governed by the intestacy rules. The resulting effect may not be as you would have wanted, so it is important to be aware of the position. Not making a Will is a choice to accept the effect of these rules.…
Your executors are responsible for administering your estate after your death. They will need to notify third parties, collect in details of the assets and liabilities in your estate, apply for a grant of probate, inform the beneficiaries of their entitlement, collect in your assets, settle any debts, taxes, legacies, funeral and administration…
Under your Will you can make specific gifts of property, personal possessions or cash. These will be distributed from your estate first, following the payment of any debts, funeral and administration expenses and any tax due, the remainder will be divided amongst those named as your residuary beneficiaries.