Writing a Will is the most important thing you can do to ensure your family and loved ones are protected in the future. While there can be no doubt that writing a Will is a difficult process, and something which many young people see as not relevant to them, it is far better to tackle the issue sooner rather than later.
Sally Andrews, Solicitor for Wills, Trusts and Probate in Sevenoaks, can help you draft a Will to suit your circumstances, your family structure and, above all, to provide peace of mind and protection for your loved ones.
Who should write a Will?
If you have any type of asset, whether it’s a savings account, family heirloom or property in your name, if you want someone specific to have it on your death, you will need to write a Will.
Any person who has reached the age of eighteen may write a Will. However, many people do not address the question until they themselves have lost a parent, become a parent or experienced ill-health. Whoever you are and whatever your circumstances, it is always a good idea to have a valid and up-to-date Will in place; life can be unpredictable and there is no substitute for planning ahead.
What is the purpose of a Will?
A Will is, of course, primarily concerned with ‘who gets what’ after your death, but it can be so much more important than that. This is because a Will can address important questions such who should look after your children if they are under the age of eighteen, how business interests will be handled and how vulnerable dependants will be looked after financially once you have gone.
Furthermore, a Will is particularly important if you do not fit neatly into the kind of nuclear family structure which the law largely caters for. As such, you should consider a Will a particular priority if you:
- Reside outside of the UK.
- Own overseas property or assets.
- Have financial dependants.
- Are a business owner.
- Have step-children.
- Have more than one child.
- Have children from more than one relationship.
- Live with or share property with someone to whom you are not married or civil partnered.
If you are part of a cohabiting couple, the importance of writing a Will cannot be stressed enough. Co-habiting partners have no automatic right to inherit even a single penny from their loved one’s estate – this is true regardless of how many children they have or how long they have lived together.
Although it is true that a cohabiting partner can make a claim against their loved one’s estate, the legal costs for doing this can approach six-figures. Furthermore, even if a cohabiting partner does inherit, this can have profound inheritance tax implications for any children involved. This is why it may be beneficial for cohabiting partners to not only make a Will but to also make a Wills trust.
Types of Will
At Wellers we have designed a set of Wills that work especially well for modern family structures and business situations.
Whatever your situation and personal circumstance, Wellers Reece-Jones can help you draft a Will, and we will be on hand to update it as and when you wish.
We have also created a free brochure full of useful information for you to download by clicking on the link below.
Wellers Reece-Jones Wills solicitors in Sevenoaks, Kent
If you need advice and legal guidance in relation to the creation of a Will or Wills trust, please call Wellers Reece-Jones in Sevenoaks.
Sally Andrews and a dedicated team of professional support staff will be happy to look after your needs in relation to creating a Will, storing a Will and looking after the probate at the time of your death.
For more information about our service and how we can tailor your Will to your circumstances, contact the Wellers Reece-Jones offices in Sevenoaks today. Please call Sally Andrews on 01732 446362 or email firstname.lastname@example.org