It is also important to remember that making your first Will is equally as important as keeping an existing one up to date. As your life changes, so should your Will! Whether it is including additional children, grandchildren or friends that may have come into your life or removing people who you may no longer wish to inherit from your estate – it is crucial that these updates are made to ensure your final wishes are met exactly as you want.
Why should I have a Will?
A Will doesn’t only highlight your instructions with regards to your finances but can also be used as an opportunity to:
- Appoint trusted people who will act as Executors who will manage your estate when you are no longer here.
- If you have children who are minors, you can appoint legal guardian/s.
- Note personal gifts/ specific items that you would like to go to certain people.
- Make sure that money, charity donations, property go to the people you wish them to
- Set up any Trusts that may be needed to ringfence and protect assets for loved ones.
What happens if I don’t have a Will?
Without a Will in place, your estate will be divided by law, under the rules of Intestacy. This means that your loved ones will have no control over what happens to your money, which may ultimately mean that your estate may not be distributed as you would have wanted. Read more HERE.
Why choose us?
Whether you currently don’t have a Will in place or are looking to update an existing one, our Estate Planning Solicitors will tailor your Will to suit you, ensuring your estate is planned and dealt with efficiently and effectively. We can help advise you on the best Will for you and your personal circumstances and situations.
If you would like to speak to our team of specialist Wills, Trusts and Probate Solicitors, contact: 01926 354704 or email: pcnewenquiries@moore-tibbits.co.uk