By failing to put together a Will, you can lose control over where your hard-earned assets end up after you pass away. It may mean that your loved ones, friends and family, do not receive anything. Making a Will is not a lengthy process and having one in place will also make dealing with your estate much easier for your family after your death.
If you have any minor children, making a Will is a means of allowing you to appoint chosen guardians should you pass away before they turn 18. You can also create a Will that protects your partner if you are unmarried or that ensures any children you may have from a previous marriage receive part of your estate.
By making a Will, your intentions regarding what happens to your estate after your death are made clear, and this can reduce the possibility of any potential family disputes over your assets and ultimately protect your assets from falling into the wrong hands. By failing to plan ahead, you also may not be able to effectively look at mitigating against any potential inheritance tax that may be payable on your estate.
Our Wills solicitors in Watford can work with you to draw up a Will that reflects your wishes. We can also advise and assist you with preparing a Lasting Power of Attorney or ‘LPA’, as this is something that you can also look at dealing with at the same time.
We can assist in drafting of simple and complex Wills including:
To take advantage of our extensive Will writing expertise, please get in touch with us today on 020 3368 3970 or click below to book a free, no-obligation consultation.
Our Wills solicitors can draft simple and complex Wills for individuals and couples, as well as Wills incorporating trusts.
We recognise that all our clients are unique, and that they have varying requirements and objectives. We focus on our clients and if you instruct us, we will be on your side. We will work with you when you have challenges and help you overcome them in an efficient and cost effective manner.
Take advantage of our extensive Will writing expertise, please get in touch with us today on 020 3368 3970 or click below to book a free, no-obligation consultation.Enquire Now
When writing your Will you can stipulate that a proportion of your estate is to be held in trust for the benefit of your chosen recipients (beneficiaries). You may wish to do this if you do not want your beneficiaries to have full control over their inheritance from your estate immediately upon your death.
Our Will writing solicitors can assist in drafting Will trusts to protect disabled beneficiaries, unmarried couples, children from previous marriages and any children or grandchildren that would otherwise receive their share of your estate all at once.
Different trusts can be set up within your Will as a means to protect your estate and/or beneficiaries. The advantages of doing so include giving control of your assets to your chosen trustees whilst they benefit someone else. This ensures that your assets reach the desired individuals (the beneficiaries) and endeavours to ensure that your assets are dealt with in accordance with your wishes.
When it comes to deciding what should be included in your Will, apart from your property and assets, you will need to think about various other matters that may be relevant.
All of the above and more can be included in your Will, and it should give you peace of mind knowing that such matters have been provided for.
If you have an existing Will that you created some time ago, you may wish to have it reviewed. If your circumstances have since changed, it is likely that you may need to update your existing Will. For example, you may have since got married, divorced, had children, started a business with others, or accumulated or acquired further assets.
Our Will writing solicitors are able to assist with general advice about making a Will, preparation of a new Will, and updating or reviewing an existing Will. We can also provide advice and assistance relating to Lasting Powers of Attorney, trusts, and inheritance tax considerations.
A Will can be challenged. Circumstances which can lead to a Will being challenged could arise, by way of example, where the Will appears to be defective; where if it is believed that the deceased lacked the required mental capacity at the time of making the Will; if it has not been properly executed; if there are suspicious circumstances surrounding the making of the Will; if more than one Will is discovered; if the deceased may have been subject to undue influence; or if the Will is believed to have been forged.
To minimise the risk of challenges being made to your Will and ensure all legal formalities are complied with, the assistance of a solicitor or legal professional with expertise in drafting and advising on Wills is advisable. Valens Solicitors can provide you with relevant, and cost effective legal advice and assistance on all aspects to do with making or updating a Will, and any Will challenges.
In this case, the distribution of your estate would be dealt with under what are known as the ’Rules of Intestacy’. These are statutory rules which make provision for how an ‘intestate estate’ (an estate of someone who dies without leaving a valid or effective will) should be distributed. Such a distribution may not reflect your wishes. If, for example, you are not married to your partner when you die then your partner would not receive any distribution under the Rules of Intestacy.
To take advantage of our extensive Will writing expertise, please get in touch with us today on 020 3368 3970 or click below to book a free, no-obligation consultation.Enquire
The wonderful team at Valens was extremely helpful and walked us through the process every step of the way.
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