Wills- Why Make Them?
What happens if you don't?
If you die without making a Will, the law decides who inherits your property under what are called "rules of intestacy". This is unlikely to be exactly what you would want, if at all!
For example, your husband or wife may not receive the whole of your property. Children may receive money earlier than you would like. And unmarried cohabitees have no right to inherit the property of their partner at all.
By making a Will, you can make sure that those you care about are properly provided for in the way you want.
Making your wishes clear
Making your wishes clear in a Will can help reassure others and reduce the scope for argument. Making a Will is one of the kindest things you can do for those left behind.
Making the best choices
When you make a Will, you can consider not only who should inherit your estate and how, but also:
- who should be executors and trustees (to administer the estate and look after any property to be held in trust)
- who should be guardians (to look after your infant children)
- how old any younger beneficiaries should be before receiving their share of the estate, and how the money should be looked after in the meantime
- whether inheritance tax is likely to be payable on your death and what can be done about it
- how to put your spouse or partner in the best position should she or he require long term care in a residential or nursing home.
Best service from Stones
At Stones, we will give top quality advice about making a Will and connected matters, and will be pleased to do so:
- however large or small your estate
- at clearly stated and competitive prices
- swiftly and efficiently
- with the clearest possible explanations.
For more information, please contact the Probate & Trust team on:
Exeter 01392 666777
Okehampton 01837 650200