Making a Will
Making a will lets you decide what will happen to your property, possessions and assets after your death. Although you do not have to make a Will by law, it is the best way to make sure that your estate is passed on to family and friends exactly as you wish. If you die without a Will (this is called ‘dying intestate’), your property and possessions may be distributed according to the law rather than your wishes.
- You can decide how your assets are shared - if you don't have a Will, the law says who will receive your assets
- If you are in an unmarried partnership (whether or not it's a same-sex relationship), you can make sure your partner is provided for
- If you are divorced, you can decide whether you want to leave anything to your former partner
- You can make sure that you do not pay more Inheritance Tax than necessary
- You can ensure that Guardians are put in place to look after any children under the age of 18
- You can ensure that children from previous relationships are provided for
- You can exclude someone to ensure they will not benefit from your estate when you die
- You can ensure that appropriate provision is made for elderly or disabled people who you want to benefit from your Will
- You can decide who you want to name as an Executor ( the named person(s) who will sort out your estate and distribute any assets after your death)
- You can decide who you want to name as a Trustee ( the named person(s) who will look after any Trusts within your Will)
Who can make a Will
Anyone can make a Will providing that they are over 18 years of age(in England and Wales) and have the mental capacity to understand what they are doing.
Updating your Will
Your Will should be reviewed every five years and certainly after any major change in your life - such as becoming separated, married or divorced, having a child or moving house.
Where to store your Will
Once you've made your Will, it is important to keep it in a safe place and tell your executor(s), close friend or your relative(s) where it is. LCS offer excellent and cost effective safe storage facilities.
Why choose LCS
There are many reasons to use LCS:
- There are various legal formalities that need to be followed to make sure that your Will is valid
- You may also need legal advice for more complicated matters such as Trusts
- You may require specialist advice on Inheritance Tax issues
- LCS are specialists in this type of work, we are up to date with current legislation and proficient in working with very small estates up to large and complex estates
- We offer a VAT inclusive and cost effective fixed price range of services to suit all needs
- We offer confidential home visits at no additional cost
Book online today for your "Prepaid Will Appointment" or "Basic Codicil To Existing Will"
