Wills & Estate Planning
A Will is a legal document that allows you to decide how your property, assets, and estate will be managed and distributed after your death. By making a Will, you ensure that your wishes are clearly recorded and legally protected, giving you peace of mind and security for your loved ones.
A properly drafted Will enables you to appoint executors who will be responsible for administering your estate, settling liabilities, and distributing assets according to your instructions. It also allows you to plan the succession of your business and transfer assets in a structured and tax-efficient manner.
Where applicable, a Will allows you to appoint guardians for your minor children, ensuring they are cared for by people you trust. This not only provides financial protection but also ensures their well-being and future security.
By making a Will, you prevent your estate from being distributed under intestacy laws, which may not reflect your personal wishes. A clear and well-prepared Will can also help avoid family disputes and confusion regarding beneficiaries and asset distribution.
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What Is Involved in Making a Will?
The process of making a Will begins with identifying and reviewing all assets that form part of your estate. This includes assets owned solely by you, jointly owned property, business interests, and any interests held under a trust. Understanding the full value and structure of your estate allows for effective planning and informed decision-making.
I also take the time to discuss your personal and family circumstances, including marital status, civil partnerships, previous marriages, children, grandchildren, and any vulnerable beneficiaries who may require special consideration.
Where appropriate, guidance is provided on tax-efficient planning and inheritance tax mitigation, ensuring your estate is managed responsibly and in line with current legal requirements.