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Planning ahead always pays dividends whether you are making a Will to provide for loved ones, setting up a Lasting Power of Attorney for managing your affairs during your lifetime, or taking steps to minimise the Inheritance Tax payable on your estate.
The process of putting your affairs in order has multiple benefits, not least peace of mind, but also a clear and manageable situation for those you leave behind.
We pride ourselves on getting to know our clients so that we fully understand your requirements. We can then find the best solutions that are tailored to your needs.
Our team are committed to providing the highest levels of client care and our charges are competitive and transparent, with fixed fees for most types of work.
Please take a look at our family law department fact sheet and our quick guides for further information, or contact one of our team for further help.
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Wills - Common Questions Answered
How do you make a will?
Once you have decided that you’re ready to make your Will, you can call to arrange an appointment with one of our expert members of staff here at Tinsdills.
The appointment can be at a time that is convenient for you and at any one of our four offices. If you are unable to visit one of our offices, we can also arrange appointments in the comfort of your own home, but please bear in mind that an additional charge may apply for home visits.
Before the meeting we may ask you to fill in a short questionnaire so that we already have your personal details before we start discussing your Will.
During your initial appointment one of our specialists will talk you through your wishes, and advise you on the best options available to ensure that your money, property and possessions go to exactly who you wish to inherit them.
After your first appointment, your specialist will create a draft of your Will and send this to you to review.
Once you are happy with the draft document, we will then arrange another appointment for you to come in a sign the Will and we will provide the witnesses. Alternatively, we can send the Will out to you to sign.
After making a Will it is also important to update your Will to reflect any changes in your circumstances such as; marriage, cohabitation, divorce, joint property, ownership, changing family relationships or even a significant inheritance of your own.
How much does it cost to make a will?
In the vast majority of cases, the cost of making a Will is quite modest with prices starting from £175 plus VAT and it is an investment that is well worth making.
As well as giving you peace of mind, a Will can also make things considerably easier for those you leave behind.
For higher value and more complex estates, it is also possible to achieve significant inheritance tax savings.
Why should I make a will?
By making a Will you are taking control of who inherits your hard earned estate.
Without a Will the rather old-fashioned rules of intestacy will apply to the division of your estate, and you may find that your money, property and possessions may not be inherited by the people you really want to benefit.
Our expert staff will guide you through the best options for you, and will give you certainty and peace of mind.
It also allows you to:
- Specify funeral arrangements
- Appoint executors, trustees and guardians
- Provide for dependants
- Set up trusts to protect assets and vulnerable beneficiaries
- Leave a gift for a charity or organisation
- Make significant tax savings.
You will also have the certainty of knowing exactly what will happen to your assets and that your loved ones will actually receive what you intend them to.
When should you make a will?
You should make a Will if you own any assets (or might do in the future), if you have children, and generally if you want to control where your estate goes on your death.
It’s never too early to make a Will, and once you have your Will in place you should review it regularly to ensure it still meets your needs, especially if you or any of your beneficiaries have any significant change in circumstances.
What will happen if you die without a will?
According to statistics 70% of adults in the UK have not made a will, and dying without a Will can cause unnecessary stress and difficulties for their families when they die.
If you die without a Will the laws of Intestacy will then apply. This is where the law decides who receives your estate.
Most people don’t know how the rules of intestacy would apply to their estate, so wouldn’t it be better if you took control, made a Will, and you decided how you estate was distributed?