Why do I need to write a Will?
If you do not write a Will, your estate will be distributed under the Administration of Estates Act 1925. This would mean your wishes as to who gets what would most likely not be met.
When should I write my Will?
As the saying goes ‘There is no time like the present’ and it is always better to be prepared in the event of anything unfortunate or sudden happening. Once your Will is written it is then easy to keep it up to date with any changes you wish to make such as marriage, births, divorce or death.
Can’t I just buy a DIY Will kit?
You could, but you run the risk of writing a Will that is invalid. With our professional assistance you can rest assured that your Will is valid and meets all the legal requirements.
Do I need to set up separate Trusts?
It is possible to add Trust clauses to your Will so on first death at least half your estate will be safeguarded. You may also want to protect your assets and ensure they are distributed to amongst your family members according to your requirements. Talk to us, we can help with these decisions.
What is a ‘Letter of Wishes’?
A letter of wishes is primarily for your executors to understand your thoughts and wishes after you are gone. It is also helpful to leave a financial summary with your Will. It is never too early to make a Will but often too late.
Please do not hesitate to contact TP Wills & Probate either on 01736 758418, 01736 851142 or 07900 323939 for clear, unbiased advice in confidence.