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Our objective is to provide you with free information on making a Will. The aim being to help you learn more so that when you are ready to write your Will you feel you can trust us to help you further.
You will be considering writing a Will to ensure your financial affairs are well organised.
You will also be making provisions for your funeral and ensuring your loved ones are looked after in accordance with your wishes.
Writing a Will ensures you don't die intestate, in which case your possessions may be distributed according to the Intestacy Rules.
The Intestacy Rules ensure an estate is shared by your relatives in the highest category possible to the exclusion of later categories. The category order is as follows:
- Brothers / Sisters
- Half Brothers / Sisters
- Aunts & Uncles
- Half Aunts & Uncles
There are rules that apply to all combinations but where there is a surviving spouse & children, the spouse receives the personal assets absolutely and £250,000. The remainder of the estate is then divided in two with half invested for the benefit of the spouse and the children sharing the rest. On the death of the surviving spouse the remaining capital passes to the children.
Making a Will ensures your estate is divided between your heirs as you intended.
Writing a Will is important for both you and your family. Not only do you need to decide who your beneficiaries are but you also need to consider who will act as executors to ensure the instructions in the Will are carried out in accordance with your wishes.
There are numerous ways to write a Will, you can either do it yourself using a Wills template available from stationery shops / on line, or you can get assistance from a professionally qualified Wills person who has a broad knowledge of the issues.
Click Here for a guide to the jargon associated with writing a Will