Wills and
Probate
Why Make a Will?
The majority of adults in this country have no valid Will. As a
result, seven out of every ten people who die can leave their loved
ones with what may be unnecessarily complicated problems at a time
when they are least able to deal with them.
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If you die without leaving a Will the law decides
how your property is divided and this may not be a true reflection
of your wishes. In certain case this could mean that a spouse
may have to sell their home to provide children with a share
of its value |
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If you have children, provision can be made in
the Will to determine who would become their Guardian if you
and your spouse/partner die at the same time |
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You may give particular gifts or sums of money
to specific people and you can say how your funeral may be dealt
with |
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You may appoint who you want as executors so that
they can immediately deal with your affairs |
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If you are not married to your partner you will
not automatically inherit each others assets |
When Should You Change Your Will?
When there has been a significant increase/decrease in your wealth.
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If you marry, your Will, will become null and
void unless it was made in contemplation of the marriage |
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If you are separated from your husband or wife
and he or she is mentioned in your Will they will still be entitled
to any legacy willed to them |
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If you are separated from your husband or wife
and are in a new relationship, but not yet divorced your partner
will not be entitled to your assets unless mentioned in your
Will |
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Other events such as divorce, remarriage or death
of beneficiaries or executors named in your Will or the birth
of children or grandchild for whom provision is made in your
current Will may make it necessary for you to consider making
a new Will |
Why Use a Solicitor?
If not properly drawn up and witnessed a Will may be invalid or
result in someone that you intended to benefit losing that benefit.
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A solicitor can advise you about related issues
such as tax implications |
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Making a Will with a solicitor is not as costly
as you may think. DIY or unprofessionally drafted Wills can cost
thousands of pounds in legal fees to sort out if not properly
drafted. |
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