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Wills & Powers of Attorney
Making a Will -
What should you consider?
Making a Will ensures that when you die, your estate is dealt with according to your wishes.
Our Wills specialists have worked with thousands of clients to ensure their families are provided for and that their wishes are acted upon as planned.
Why should you make a Will?
By making a Will, you can ensure your property and affairs are dealt with in accordance with your wishes, and that any specific intentions you have for your home, money or possessions are carried through efficiently after your death and that your loved ones are provided for in a tax-efficient way.
So whether you’re writing a new Will, or updating your current one, we’ll work with you to tailor our service to best meet your needs.
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Your local Will writer since 1882
about making a Will
In many situations, people make assumptions about how their estate will be distributed on their death and therefore don’t make a Will. We strongly advise against this as the ‘Intestacy Rules’ that come into play, in the event no will has been prepared, are very strict.
Having a Will is a good way of protecting children. Should the parents die prior to their eighteenth birthday, this is their opportunity to appoint a Guardian’ to take care of their child(ren).
Making a Will is also particularly important if you are in a relationship, living together or if you have remarried and there are biological and/or stepchildren who should benefit from your estate. They won’t necessarily benefit under ‘Intestacy’ so you will need to make provisions for this.
If you should be separating from your partner or spouse, you should review any existing Will, or make a new Will, particularly if there are children involved. Divorce does not revoke a Will. The Will remains valid but no gifts to your former spouse take effect.
If you don’t make a Will, the law will divide your estate according to what is known as the rules of intestacy. These rules are very rigid and may not reflect what you’d like to happen to your wealth, or what is most tax-efficient.
The more information on the rules of intestacy, please click here.
Creating a Will yourself or through an online provider might look like a favourable option in terms of costs, however we’d strongly advise against this. Having a solicitor to draw up your Will means it is very flexible in terms of the Executors that are chosen, they are prepared in accordance with what you want, and then stored safely and securely.
Lastly, and perhaps most importantly, the accuracy of the Will can be guaranteed. It is easy to make ambiguous statements or even errors when constructing your own Will, which could lead to stress for a grieving family and even huge expense in correcting them upon your death.
It’s important to keep your Will updated to ensure it continues to reflect your circumstances. Any changes in your personal circumstances should trigger the review of your Will such as getting married or divorced.
We’re happy to look at your personal circumstances to ensure your Will is still reflecting your wishes. Contact us today.
For absolute certainty that your instructions will be carried out in accordance with your wishes contact us today.
Goughs Solicitors have many years of experience to draw on in the preparation of Wills.
For more information on making a Will, please click here.
Moreover, for further information on how to sign your Will, please click here.
In England and Wales, our legal system enshrines testamentary freedom. This means that as citizens we are entitled to leave our estate to whomever we please and we are not ‘forced’ to pass our estate on to our children, dependants or the state. For more information on excluding someone from your Will, please click here.
If you have children under the age of 18, you should consider appointing a guardian for them in your Will. For more information, please click here.
How much does it cost to make a Will?
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