Making a Will allows you to control what happens to the assets which you have accumulated during your lifetime. It also enables you to protect your family and friends and control who should look after those dearest to you.
If you do not make a Will you will die intestate which means that strict legal rules apply as to how your money and property is distributed.
Your husband or wife may not receive all of your assets as these are limited by Statute as to the amount they can receive under the Intestacy Rules. Complicated Trust provisions may come into effect. If you are not married or in a civil partnership then your partner will not figure under the Intestacy Rules.
By making a Will you can ensure that your wishes are fulfilled, can avoid disputes arising following your death and you can also address the following matters:
1. Your funeral wishes
2. Chose your Executors
3. Make gifts of personal belongings
4. Make monetary gifts
5. Create Trusts to protect your children or someone with a disability
6. Inheritance Tax planning
Making a Will can be a simple way of looking after the people who are important to you.
If you have already made a Will it is important that it is updated and it reflects the changes to your personal circumstances.
We can also offer home visits if clients are unable to attend at either our Heswall or Liverpool offices.