Making a Will
Most people appreciate that making a Will is very important, but unfortunately the majority of people who die do not have a Last Will and Testament, commonly referred to as a ‘Will’. Having a Will makes the administration of your estate more straight forward and minimises costs.
If you do not have a Will upon your death your estate is distributed under the rules set out by the Administration of Estates Act 1925. This means you will have no say in who receives your assets. Your spouse and/or children may be left disappointed by the distribution of your estate under Administration of Estates Act 1925.
There are a number of other advantages to having a Will which include:
- You can approve the executors and trustees who administer your estate in your Will. If you do not have a Will the law sets out who will administer your estate.
- You can make specific gifts of your personal items.
- You can make pecuniary legacies.
- You can plan to ensure the impact of nursing home fees on your estate is minimised.
- You can plan to ensure inheritance tax is minimised.
- You can set up trusts to benefit children and/or grandchildren.
- In the event you are in a second marriage you can protect both the interests of your new spouse and any children from the first marriage.
- You can confirm your funeral wishes
- If you have children who are under the age of 18 you can appoint guardians of your infant child(ren).
We will provide a free initial consultation and appointments can be made evenings and weekends to suit your needs including home visits upon request.