Now is a good time to write your will
If you’re thinking of writing your will it’s essential to consider all eventualities. Spending some time working out what’s important and ensuring you are clear about your options is vital, as is working with a lawyer who has the expertise to advise you. You can choose what happens to your estate when you die by having an up to date will which sets this out clearly, so that those left behind don’t need to worry.
No matter how simple or complex your affairs, having a will ensures that your money or property goes to the people or charity who you want to benefit, and not to the state or perhaps a distant relative that you may have never met. Whether you’re single, married, have lots of relations or are childless, a will enables you to choose where you want your estate to go.
In a will, you can also appoint guardians, give funeral directions and it can also be a vehicle for potential inheritance tax savings.
There is no such thing as a common law husband or wife. Remember that if you are cohabiting and not married or in a civil partnership, your partner will not automatically inherit your estate. This comes as a shock to many. Writing a will ensures that the people you choose will benefit.
As members of STEP (The Society of Trust and Estate Practitioners) we adhere to their code for will writing and the STEP provisions are included in all our wills. Please see attachments below for more details.
If you would like to speak to a member of our Tax and Estate planning team about writing or updating your will, call 0117 926 4121.