Making a Will
Why pay to make a Will?
The UK has complicated inheritance laws. When we write your Will it’s a legally watertight expression of your wishes. This prevents any misunderstanding amongst the family.
Peace of mind
You can make a Will quickly and affordably, at work or in the comfort of your own home, with one of our expert inheritance planners.
During this meeting we’ll help you:
• Appoint guardians or set up Trusts for young children
• Plan the distribution of your estate to minimise inheritance tax
• Create Trusts to make provision for vulnerable family members
• Arrange your affairs in the event of your spouse remarrying
• Prevent loved ones falling out over who gets what
• Asset protection and care fee planning
• Make gifts of money or specific items to individuals or charities
• Leave instructions about your funeral
Our team has created 1000s of Wills over the last decade and will provide expert advice on how best to tailor your instructions to your individual circumstances
We also provide safe, secure and professional Will storage.
Some frequently asked questions…
What’s the difference between Wills and Probate?
A Will is a set of written instructions left behind by the deceased that outline how they wish their assets to be distributed.
Probate is the process by which a person’s death is formally registered and their assets distributed in accordance with the wishes of their Will. This is also when any Inheritance Tax becomes payable.
How do Wills work?
A Will is a legally recognised document used to formally distribute a person’s assets after their death.
When making it you are asked to specify an Executor who will be responsible for discharging the Will in accordance with your instructions. The Executor must apply to the Courts for a Grant of Probate, giving them permission to distribute your assets.
Wills can be challenged by disgruntled family members so it is important that they are professionally written and witnessed by at least two people.
Who writes a Will?
Technically, anyone can write a Will. However, most people choose Will Writers and Solicitors because they are experts in Inheritance Law and planning and can prevent mistakes from happening. It also makes your Will more secure and less open to being challenged after your death.
Where should my Will be kept?
You should keep a copy of your Will somewhere secure and inform a trusted family member where it is.
The original document should be stored with a professional document storage company as this is much safer and more secure than in a private home. Your Solicitor or Will Writer can advise you on this.
What is Will Storage?
Most people choose to put their Will in storage though their Solicitor or Will Writer. This is a much more secure environment and ensures that the Will isn’t lost or damaged over the years. It is also highly convenient if you move to a new house and don’t want the added responsibility of carrying important legal documents with you.
Will Storage facilities are tightly regulated environments with a high level of security.
Who prepares our Will?
Your Will is written by our professional Will Writer. Their job is to write up your instructions in a way that makes it clear to the Courts what your wishes are. This makes it much harder for your Will to be challenged or declared void.
Who reads out the Will after death?
Contrary to what you may have been led to believe by films and television, no-one actually reads the Will out after your death. This was created by Hollywood for dramatic effect!
Instead, your beneficiaries will be instructed via the slightly duller format of a written letter.
What is an Executor?
An Executor is a person named in the Will who has the responsibility to apply to the Courts for the Grant of Probate and administer the probate process. This includes settling all debts and inheritance tax liabilities, selling any property, valuing possessions and distributing assets in accordance with deceased’s wishes.
Who should be the Executor?
Usually it is someone you know and trust. However, it is also recommended to include your solicitor or lawyer in as an Executor as they are often the ones charged with executing the legal duties such as probate. Whilst anyone can carry out probate it is often quite a complex and time-consuming process so is best carried out by people with legal expertise.
How many Executors should I include in my Will?
Ideally, you should name two executors in your Will. One of these should be a trusted friend or family member and the other your solicitor or legal firm.
What is an Estate?
Your Estate is the entirety of all your property, money and assets.
What is a Trustee?
A trustee is someone named in your Will who will oversee and manage any trusts you have created when making your Will. Usually these are made for the benefit your children or a vulnerable friend or relative.
Divorce and Wills
It is vital, if you are getting divorced, that you revisit your Will and update it to reflect your change in circumstances.
What happens when you get married or remarried?
If you marry – or indeed if you experience any significant change in circumstances – you should get your Will updated as soon as possible.
How many copies of my Will should I make?
It is recommended that you store your Will professionally and keep a copy if it for your records at home.
How do I change my Will?
You can update or change your Will at any time by getting in touch with your Will writer and asking them to make the changes. This should be done after any significant life event.
What life events should prompt me to update my Will?
All significant events should prompt you to think about changing your Will. Here are some of the most common ones:
• Getting married
• Buying a house
• Having a baby
• Getting divorced
• Setting up a new business
Have some more questions? Don’t hesitate to call us on 0800 29 88 66 1 or 020 8340 3102