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If you die without a Will, the assets that you leave will pass to your next of kin according to rules laid down by law and this may not be where you want your money to go. If you make a Will, you can decide who should benefit from your estate, make arrangements for your children, and appoint Executors who will be responsible for making sure that your wishes are carried out.
Making a Will is one of the most important decisions you make in your lifetime. By making a Will you can ensure that your financial affairs can be administered with the minimum amount of distress and anxiety to your loved ones.
A Will allows a person to express their wishes and control how their property is distributed in the event of their death. For example, if you have a precious piece of jewellery or family heirloom, you can direct to whom it will pass.
No matter what your current circumstances might be it is always advisable to have a Will in place. An example of this is an unmarried couple living together. A partner may not automatically receive their deceased partner’s share of the house if they haven’t gifted it to them in your Will.
Here at JWP we have experts that are on hand to guide you through the process, give you specialist advice on inheritance tax and help you plan for later life.
We offer a free first meeting to understand the details of your case and discuss potential routes forward. Before progressing with your case we will always provide a transparent view of costs. In many cases, we’re able to offer a fixed price upfront for our services.
A Will is a legal document that details how you wish all of your property, belongings, money, savings, investments and any other assets you own (known as your estate) to be distributed when you pass away. A Will also states who you would like to deal with your affairs on your death, what your preferences are for your funeral and arrangements for your children if they are under the age of 18.
In a word, yes you do need a Will. If you do not have a Will then you have no control over who benefits from your estate and the distribution of your estate is decided for by the intestacy rules. These rules set out which members of your family are entitled to benefit from your estate. The intestacy rules do not take into consideration unmarried partners, friends or charities that you would have gifted to had you made a Will.
Our specialist team of solicitors are on hand to support you through every step of the Will making process. The process starts with an initial conversation to establish your requirements and obtain details about you, your family set up and the size of your estate. We will guide you through the various options available to you, guide you through and advise on inheritance tax, later life planning and discuss any potential issues that could arise.
Once those initial conversations have taken place, we will arrange for a draft Will to be sent to you for approval and once approved we will ensure that your Will is signed (executed) correctly and safely stored here at JWP Solicitors.
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