Why is making a Will so important?
Your Will is one of the most important documents you will ever sign. It is more than just a piece of paper which sets out what will happen on your death.
A properly drafted Will makes it easier for your family and friends to sort out your affairs after you die and can prevent problems later on. It ensures your assets pass to the individuals you specify and can help reduce your inheritance tax liability. Putting it off doesn’t help anyone.
At Timbrell Law, we ensure the process of making a Will is as straightforward as possible. We will visit you at home or connect with you in whatever way is most convenient.
What type of Will do I need?
The type of Will you need will depend entirely on your circumstances and what you want to achieve.
Following your free initial consultation, we will be able to recommend a structure based on your wishes and the types of assets you hold.
We commonly advise on the following types of Will:
- Essential Wills – for when your circumstances are straightforward, and you want those inheriting from your estate (“your beneficiaries”) to receive their entitlement outright.
- Wills for second marriages – these Wills are drafted to ensure that the new spouse is provided for, while ultimately protecting the underlying assets for the benefit of other named beneficiaries; for example, children of a first marriage.
- Asset Protection Wills – these Wills are drafted to protect your assets to ensure your beneficiaries receive the maximum benefit possible. For example, Asset Protection Wills can safeguard your beneficiaries’ inheritance until they are mature enough to deal with their entitlement themselves or protect against third party claims, such as on bankruptcy or divorce.
Discounted rates are available for mirror wills for couples. Call us today to find out more.
Instruction meeting or call to discuss your circumstances and wishes
Drafting your Wills with a clear explanatory note
Discussing any changes or queries you may have
Preparing final Wills for Signature
Assisting with execution
Drafting your final wills to incorparate either "second marriage" or "asset protection" trust provisions
Working with you to draft detailed Letters of Wishes addressed to trustees and providing an explanatory note setting out the key terms of your Will Trusts
Home visits are available in Cheltenham, Gloucester, Tewkesbury, Cirencester and the surrounding villages. Evening and weekend appointments are also available on request.
If you live further afield, we would still be happy to help. Please get in touch today for our online services.
Still Looking For More Information?
If you need more information to decide on which Will or Estate Planning option is right for you, then why not read some of our related Wills and Estate Planning blog posts for additional helpful insights.