What is a will
A Will is a legal Document that states how you wish for your estate to be distributed, your estate can include property, liquid assets (Cash) and personal items. It should also state who has the right and responsibility to administer your estate when you pass, they are called the executor. It should also specify the people you have chosen to benefit from your estate, known as beneficiaries.
A Will can be used to instruct your executor of how you want your estate to be passed to your beneficiaries. This can be specifically gifting a personal item to friends and family or protecting your assets in a trust for your beneficiaries. It can also be used to nominate guardians for your children if necessary.
What happens if I die without a will
If you pass away without leaving a valid will, dying intestate, your estate will be distributed according to the Law, known as the Rules of Intestacy. The Rules of Intestacy set out the order of priority of who can inherit your estate.
The people designated to inherit under the laws of intestacy may not be the people you would have chosen, or would have liked to inherit. This can lead to someone you love not be provided for or disputes among family members.
Peace of Mind
Taking practical steps to safeguard your family and friends now also spares the difficulties of having to deal with your affairs under the laws of intestacy. Final Duties can also help ensure your beneficiaries receive their full legacy by protecting your estate from costly care home fees, inheritance tax and excessive probate fees.
We will advise and guide you through our simple Wills process, arrange for the documents to be drafted by experts and take you through getting it signed and witnessed.