Making a Will ensures that the people that you choose will benefit from your estate. If you do not make a Will the ‘rules of intestacy’ will determine who will benefit from your estate. This may not include those you wish to benefit from your estate or those who you would have chosen to deal with your affairs.
It is only by making a Will that you can leave your property to anyone beyond your immediate family, such as a friend, partner to whom you are not married or registered as civil partners, or a charity.
Our expert lawyers will talk through with you who will manage your affairs, who should benefit from your assets, how your personal belongings should be distributed and who should be the guardians of your children, if you have any. We will also ensure your estate is not burdened with unnecessary tax liabilities.
What if my circumstances change?
If your circumstances change it may be necessary to update your Will or to have a new Will drawn up. For example, if you get married your Will is automatically revoked. We can advise you on whether your change of circumstances will require updating your Will.
What else can a Will include?
It may be appropriate to incorporate a trust into your Will. For example, if you have remarried you may need at trust to ensure your spouse benefits from your estate whilst preserving assets for your children.
For more information in regards to The Standard Provisions of the Society of Trust and Estate Practitioners please click here.
Wills and Tax Planning
As well as providing straightforward Wills, Nicholsons Solicitors also provide more complicated tax planning Wills as part of a long-term strategy to reduce the amount of inheritance tax you pay, and to maximise the amount left to those you care about.
Our Private Client team are experts in Will writing, tax and trusts and we have been helping generations of local families protect the things that are precious to them. We will guide you through each stage of the legal process, providing straightforward, practical, cost-effective advice.
If you would like help with a Will or any other legal matter please do not hesitate to contact one of our team on 01502 532 300 or email admin@nicholsonslaw.com.
If you are unable to visit our offices we can arrange for one of our lawyers to visit you in the comfort of your own home to discuss your requirements.