Making a Will Guarantees Peace of Mind with Talking Wills
A Will is one of the most important documents you will ever own. It is your chance to put your wishes on paper which explains who YOU want to inherit the assets of your Estate when you die.
When Wills go wrong, the financial and emotional cost of dealing with the fallout can be massive.
If you don’t have a Will you don’t get to choose who gets your possessions, property or money (Assets) that you have accumulated throughout your life. Unmarried partners and partners who have not registered a civil partnership cannot inherit from each other unless there is a Will, so the death of one partner may create serious financial problems for the remaining partner.
When Should You Write A Will?
If you have children, you will need to make a Will so that arrangements for the children can be made if either one or both parents die.
It may be possible to reduce the amount of tax payable on the inheritance if advice is taken in advance and a Will is made.
If your circumstances have changed, even if you have previously made a Will, it is important that you review your Will to ensure that your money and possessions are distributed according to your wishes.
For example, if you have separated and your ex-partner now lives with someone else, you may want to change your Will. If you are married or enter into a registered civil partnership, this will make any previous Will you have made invalid.
Making a Will Gives You Total Peace of Mind
Making a Will is the best way to ensure YOUR wishes are carried out and prevent unnecessary stress, despair and family rifts after your death . A Will gives you and your family absolute reassurance, confidence and peace of mind.
A professionally drafted Will from Talking Wills is not expensive and represents good value for money. Talk to us to find out more.
If you are in any doubt as to whether or not you should make a Will, you should talk to us.
Which Will Do You Need? Speak to Talking Wills!
There is no need for a Will to be drawn up or witnessed by a professional. If you wish to make a Will yourself, you can do so. However, you should only consider doing this if the Will is going to be straightforward. Please click on the link to find out whether our Standard Will or Bespoke Will is best suited to your needs.
It is generally advisable for a qualified person to check a Will you have drawn up to make sure it will have the effect you want. This is because it is easy to make mistakes and, if there are errors in the Will, this can cause problems after your death. We offer to attend the signing of your Will documents to ensure that there are no mistakes.
Sorting out misunderstandings and disputes after your death could result in considerable legal costs, which will reduce the amount of money in the estate.
Don’t leave things to chance. Talk to us when you write a will.
Beneficiaries are the people who will inherit from the Will
Executor is the person named in the Will who will act to make sure your wishes, as requested in your Will are acted upon.
Trustee(s) are usually the same as the Executor, and in our Standard Will they need to be the same person(s). They look after the assets in your Estate until they are distributed.
Witnesses are legally required to sign a Will to make it valid, there must be two. (If you have mirror Wills, they can be the same person for each Will)
Probate is required when a Will is read; it may be a simple process depending on the size of the estate. We, at Talking Wills, are always available to help in these matters and are happy to give information and advice when required.
Who inherits when you don’t have a Will? Download our ‘Laws of Intestacy’ document here.