Individual Will
Individual Will Writing
Did you know that around 60% of us never get around to making a Will? You don’t have to have a solicitor to make a Will, but unless your affairs are extremely straightforward, it’s not advisable to go it alone!
Mistakes can and do happen which may lead to drawn-out and costly legal expenses after death, which ultimately reduces the amount of money left in your estate.
Please click the “Get me a Quote” button below to compare the prices and services of a wide range of specialist lawyers who are experts in this field. Once you’ve made your choice, your preferred solicitor can help you make sure your money and your property is passed on according to your wishes.
By making a will you can decide what happens to your property and possessions after your death. Although you do not have to make one by law, it is the best way to make sure your estate is passed on to family and friends exactly as you wish. If you die without a will, your assets may be distributed according to the law rather than your wishes.
There are many good reasons to make a will:
- you can decide how your assets are shared – if you don’t have a will, the law says who gets what
- if you’re an unmarried couple (whether or not it’s a same-sex relationship), you can make sure your partner is provided for
- if you’re divorced, you can decide whether to leave anything to your former partner
- you can make sure you don’t pay more Inheritance Tax than necessary
Although it is possible to write a will by yourself, it is advisable to use a solicitor as there are various legal formalities you need to follow to make sure that your will is valid. You may also need legal advice for more complicated matters. A solicitor can also advise you about how Inheritance Tax affects you.
Before you write your will or consult a solicitor, it’s a good idea to think about what you want included in your will. You should consider:
- how much money and what property and possessions you have
- who you want to benefit from your will
- who should look after any children under 18 years of age
- who is going to sort out your estate and carry out your wishes after your death – that is your executor
An executor is the person responsible with passing on your estate. You can appoint an executor by naming them in your will. The courts can also appoint other people to be responsible for doing this job.
You should review your will every five years and after any major change in your life – such as getting separated, married or divorced, having a child or moving house. Any change must be by ‘codicil’ (an addition, amendment or supplement to a will) or by making a new will.
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