Currently* only 42% of the adult population of the UK have a will, are you one of them? You’ve worked hard your whole life and you, quite naturally, want to ensure that any loved ones you leave behind will benefit from any assets you may have (house, car, etc). If you have a will you can still look after them even when you’re gone. If you have children under the age of 18, then a will is imperative if you want to appoint specific guardians and secure the future welfare of your children. If you don’t have a will then your estate and any assets you have will be distributed according to set rules rather than your wishes.
Must I Have a Will?
If you die without leaving a will, the law will decide who inherits your property and deal with the estate. This may have unexpected consequences, for instance:
- if you are not married or in a civil partnership, under the laws of intestacy your partner will not inherit any of your estate, even though they may have been dependent on the deceased, leaving them with little alternative but to make an application to court for financial provision.
- even if you are married or in a civil partnership, your partner will not necessarily inherit the whole of your estate, which could give rise to financial problems.
- if you should have a ‘second family’, having married and had children and then divorced and remarried, only your second family may benefit under the intestacy rules, leaving your first family without provision.
Can I Write My Own Will?
Yes you can, however a will is a legal document, and errors can cause huge problems, and could even be declared void. Solicitors can even store your documents, so there is no chance of your will going missing when the time comes. Our team of solicitors have years of experience and will help you get exactly what you want for your loved ones.
Make Your Wishes Heard
MoneyPlus Legal offer a professional will drafting service which is offered to ensure that your wishes are put into legal form. This means that you decide:
- who will deal with your estate (the ‘executors’)
- who will look after any children (the ‘guardians’)
- whether to leave any cash sums (‘legacies’) or particular items (‘specific gifts’) to your loved ones or to charities.
- whether to give a right of occupation in relation to a property.
- whether to create a ‘trust’ to benefit certain beneficiaries.
- how to deal with any house(s) you may own.
- what will happen to the rest of the estate (the ‘residue’).
- whether to leave specific instructions in relation to your funeral.
- whether inheritance tax is likely to apply.
- the consequences of deciding to leave someone out of your will who would ordinarily be included.
There are particular legal requirements in relation to the signing of a will in order to ensure that it is valid. It is important to take legal advice on these issues to make sure that the process is completed properly.
Our charges are just £100.00 plus VAT for a straightforward single will and £125.00 plus VAT for straightforward wills for a couple where the terms of one reflect the terms of the other (‘mirror wills’). We offer the facility to pay for the will over time. More complicated wills involving the creation of trusts or inheritance tax planning may attract an additional charge. * Opinium research carried out an online poll of 2001 UK adults in September 2013. Results have been weighted to nationally representative criteria.