Q: I am unmarried but live with my partner. What would happen if I don’t make a Will?
A: The intestacy rules would apply to your estate and your partner would receive nothing under these.
Q: I am married and don’t have a Will, but my husband does. Do I still need to make a Will?
A: Both you and your husband should make Wills. As well as ensuring that you have provided for each other, you can also cover what should happen if you both died together.
Q: My wife and I own everything jointly. Do we still need to make Wills?
A: You should both have Wills to ensure a fair division of assets if one of you dies shortly after the other. Otherwise the intestacy rules could pass your combined assets to relatives of the survivor, to the exclusion of relatives of the first to die. Remember, if you both die together and the order of deaths is unclear, the law will treat the younger as having survived the elder.
Q: I am marrying for the second time. How can I make sure that the children from my first marriage receive something from my estate?
A: Consider giving your wife a lifetime right to benefit from your estate. This will enable her to carry on living in the house and receive income, while ensuring that the property and other assets pass on to your children ultimately.
Q: What is an executor? Who can be one and how many do I need?
A: An executor is responsible for looking after your money, property and other assets after your death and carrying out the wishes in your Will. You can appoint relatives, friends or professionals (such as solicitors), or a mixture, up to a maximum of four. A beneficiary of your Will, such as your spouse, can act in this role and may be the only executor, if appropriate. At least one substitute executor should be included. If your estate is to be held in trust for young or vulnerable beneficiaries, it is good practice for there to be at least two executors who can act together.
Q: I am concerned not to give too much to my children at a young age. Can I ensure that they receive money at an age of greater maturity?
A: Unlike an intestacy, where children must take their inheritance at 18, if you make a Will you can specify at what age you would like them to benefit. Usually this will be within the 21 to 25 age range.
Q: My husband and I plan to have a family. Can we cover this now in our Wills?
A: It is possible for you to provide for future born children. However, it is advisable to cover what should happen if you do not have children at the time of your death, and include appropriate default beneficiaries.
Q: One of my daughters has a disability and receives State benefits. Should I simply leave her out of my Will?
A: You can set aside money for her using a Discretionary Trust, which will not affect her entitlement to State benefits.
Q: I would like to leave some gifts of personal effects. Can this be dealt with in my Will?
A: You can include gifts of personal belongings in your Will. However, if you would like a more flexible way of dealing with such items, which would allow you to change your mind without requiring alterations to your Will each time, consider giving personal belongings to your executors. They can then distribute these in accordance with a separate letter of wishes, which you can update periodically.
Q: Can I name people to look after my children if I were to die before they reach 18?
A: You can appoint one or more relatives or close friends to act as guardians and assume parental responsibility. Always discuss this with them beforehand, and with your children if appropriate. Guardians can be the same individuals you choose to act as executors, but do not have to be.
Q: I own property outside the UK. Can my English Will cover this too?
A: What happens to property abroad when you die depends on the law of the country where it is located. In most cases it is recommended that you make a Will in that country to cover the foreign property. It is essential that your foreign and English Wills do not conflict.
Q: My partner and I are unmarried and are buying a property together, but I am contributing all of the deposit. Do we need to record that anywhere?
A: You should record your contribution and the way in which you would like the future proceeds of sale to be divided in a co ownership agreement known as a Declaration of Trust. You will need to take account of these arrangements in your Wills as well.
Q: Where should I keep my Will?
A: Given the importance of your Will, it should be kept in a fire-proof location. We are pleased to offer a free storage facility, which enables you to access your Will at reasonably short notice.
Q: What happens if I make a Will and then get married, or make a Will and then get divorced?
A: Marriage will cancel your Will unless it was prepared in expectation of the event. Getting divorced will not cancel your Will, but any gift to your divorced spouse will lapse unless a contrary intention appears in the Will.
Q: How do I alter my Will if my wishes change in the future?
A: If the change is fairly minor, it is possible to sign a supplementary document called a Codicil but, if the changes are substantial, a new Will is recommended.
If you would like any further information or to make an appointment, please do not hesitate to contact us on 020 8464 4242 or email email@example.com