PM Law cannot stress enough the importance of making a will. At the last count, a staggering 75% of people die without having made plans for the future of their property or possessions. Whilst many think that their estate will automatically go to their next of kin, it’s unfortunately not that simple. Whatever the size of your estate, you should always leave a clear and legally binding statement of your wishes.
Why make a Will?
You do not have to make a will but there are a number of reasons it is a good idea. These include:
- It gives you peace of mind and certainty.
- Ensures your prized possessions go to the right people
- Provides for your partner if you are not married.
- If you are divorced you can decide whether to leave anything for your ex-partner.
- You can ensure you do not pay more inheritance tax than necessary.
- You can appoint guardians to look after your children.
How do I make a Will?
The best way to prepare your will is by consulting a solicitor. There are a number of legal formalities to be followed to ensure that the will is valid. Start the process by filling in our questionnaire and returning it to us or call for a no obligation consultation Click here to download will application form.
What should I include in the will?
You should consider:
- What property and assets you have
- Who you wish to benefit from your will
- If you have young children, who will care for them
- Who is going to be your executor – this is the person who will sort out the distribution of your estate and carrying out your wishes upon death.
In addition to preparing your wills, we are able to offer an executorship service. Whereas you may have family and close friends with the time and experience to carry out the functions of an executor, many people do not. We are happy to accept appointments as executors either as a firm, as individuals within the firm, or jointly with your friends or family.
Where should I keep it?
You need to keep it in a safe place and notify a relative, friend or your executor where it is. You could also deposit it with us. We offer FREE storage for all deeds and documents in our fire proof storage.
Can I change it?
Yes, you should keep your will under review and make any changes if your circumstances change. This change could be a marriage, divorce, the birth or adoption of a child or any other relevant circumstances.
You must not make changes on the face of the original will. The best ways to alter it are through a codicil or by making a new will. A codicil can be an addition, amendment or supplement to your will and needs to be signed and witnessed. Speak to a member of our friendly team today for any advice you need with regards to amending or creating a will. We will do a FREE will review to asses your needs.
We can help….
For further information or to discuss making a will with our team call 0114 296 5444 or get in touch via the contact form on this page.