Wills

Creating a will is one of the most crucial steps anyone can take to plan for the future and making a detailed and thorough will is key.

Let's take a look at why a will is so important:

1. Control over asset distribution - A will gives you the power to decide how your assets and belongings will be distributed after your death. Without a will, your estate may be subject to the laws of intestacy, which can lead to unintended distributions that do not align with your wishes. With a clearly stated will, you ensure that your loved ones receive exactly what you want them to have.

2. Minimising family disputes - When there is no will, family members may disagree about how assets should be divided, leading to potential disputes and lasting rifts. A will provides clarity and can prevent conflict and confusion during an already difficult time.

3. Guardian selection for minor children - For parents, one of the most critical reasons to create a will is to appoint guardians for minor children. In the absence of a will, the court will decide who will take care of your children, and the outcome might not align with your family values or your wishes. A will allows you to choose individuals whom you trust to raise your children according to your guidelines and principles.

4. Protecting assets from the effects of long term care fees. Yes, it is possible to shelter assets from care fee assessments and to ensure that you are able to pass on inheritance to your children. Similarly, assets can also be protected for children from a previous relationship or from the effects of your spouse or partner remarrying after your death.

5. Making provision for your grandchildren or charities to ensure that your legacy lives on.

6. Tax planning - By making a carefully drafted will, it is possible to reduce the amount of inheritance tax that may be payable on your death.

7. Establishing trusts - A will can also facilitate the establishment of trusts, which can be beneficial for tax purposes and for managing large amounts of inheritance. Trusts can help provide for children or beneficiaries in stages or under certain conditions, protecting assets from mismanagement or external influences.

8. Defining funeral arrangements - A will offers a space to outline your desires regarding your funeral and burial arrangements. This can help relieve your family from making difficult decisions during a time of grief. Clearly articulated wishes in a will ensure that your beliefs and values regarding end-of-life arrangements are respected.

9. Peace of mind - Knowing that you have put a plan in place can provide significant peace of mind for both you and your loved ones. A well-drafted will ensures that your intentions are clearly expressed and legally binding, allowing you to focus on living your life fully.

10. Updating your will - Making a will is not a one time act, but an evolving process. As your life changes, whether due to marriage, divorce, the birth of a child, or the acquisition of new assets, updating your will can ensure that it remains relevant to your current circumstances.

I have drafted hundreds of wills over the years and have the patience, knowledge and experience to help you ensure that your wishes are followed after your death.

Importantly, having an understanding of the intricacies relating to blended/jigsaw families means that I will ensure that all angles are covered.

In some situations, I am also able to offer an emergency service to those who are nearing the end of their life.