Humphries Kirk, based on Church Road, Ashley Cross, has a private client team which can help with legal matters personal to you. Julie Richards, Associate Solicitor, and Suzie Clayton, Chartered Legal Executive, specialise in Wills, Lasting Powers of Attorney, administration of estates, Court of Protection and other client matters for older people.
Julie and Suzie offer their tips and advice about why you should think about making a Will.
Why is it important to make a Will?
Many people believe if they don’t make a Will their assets will automatically go to their spouse, partner or children after they die. However, without a Will loved ones may get less because of the laws which apply.
Top reasons for having a Will in place
- You can clearly state who should receive your assets when you die
- The law will dictate who gets what and how much if a Will is not in place
- It is the only way of guaranteeing that your wishes are respected after you have passed away
- It can help to prevent disputes with beneficiaries and third parties and, if appropriate, it is possible to state why someone has been excluded from the Will
- Your solicitor can advise about the best way to minimise inheritance tax
- You can appoint someone you know to deal with the administration of your estate (the Executor)
- If you have young children, you can appoint a legal guardian in your Will to ensure someone of your choice can look after any children in the event of something happening to you and your partner
- You can make financial provision for your family or partner (whether married or unmarried) and others. You can also leave specific sums of money or items to people of your choice
- You can make known your wishes for your funeral
- You can include any legacy you wish to leave to particular organisations or charities. Any charitable donations in your will are free of inheritance tax