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A Will is one of the most important documents that you will create in your lifetime. Essentially it is a legal document that allows you to state what you wish to happen to your assets (your money, property, investments and possessions) as well as your young children after you have passed away. Ultimately, a Will gives you peace of mind that your wishes will be carried out and that your loved ones are cared for, but many of us put it off, which can cause problems later.
Without a will when you die, your estate will be divided in accordance with the rules of intestacy.
The rules of intestacy allow the government to decide who gets what. If you have no living family members, all your property and possessions will go to the Crown. If you have children under 18 years old, other people can make decisions about who will take care of your children and manage their finances, living arrangements and their education.
When making a will, it is important that you have a qualified Lawyer or Solicitor who specialises in Wills and Estate Planning by your side to make the process as easy and smooth as possible. We are qualified lawyers and Wills specialists, with extensive experience in advising on all matters surrounding Wills and succession planning. We will work with you and listen to your objectives and answer all concerns and questions you may have.
When considering your Will it is important to be aware that your it can deal with a whole number of matters relating to your estate as follows:
- Appoint executors – this is somebody you nominate to carry out the wishes in your will
- Funeral wishes
- Appointment of guardians for your children if they are under the age of 18
- Protection for your pets
- Protecting your property
- Protecting a vulnerable beneficiary
- Creation of trusts – asset protection
- Distribution of personal effects such as jewelry, photographs, a car, your record collection etc.
- Gifts to charities
- Specific gifts of money to family or friends
- What happens to your digital assets – Facebook, YouTube, Bitcoin, iTunes library etc.
- Provision for spouse or civil partner
You can find more information on our Wills FAQs page.
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