It seems that the majority of us are - more often than not. Research indicates that over half of adults in the UK have not made wills.
The consequence of making a will is not that you will immediately die, although to hear some people’s reasons for not making a will that clearly is a real fear.
For some reason it appears that it is the male of the species who is particularly reluctant to make arrangements about what will happen to them, their family and their possessions when they die.
Young children and older people seem able to discuss death in a matter of fact way and to contemplate it without the emotion and fear some of those in the middle age range feel.
YOU OWE IT TO YOUR FAMILY AND FRIENDS
Once the will has been made, the worst contemplated (such as the simultaneous deaths of all your close family) and your wishes made clear, you can relax in the knowledge that you have done the right thing and made the best arrangements you can for your family and friends. You will then feel free to go off and enjoy your life without that nagging feeling that you ought to be doing something about making a will. Such peace of mind must be worth it?
That’s the thing about death, we all know it will happen, but we do not know when it will come knocking. To put off making a will until you are old or ill could be leaving it too late to do the best you can for those you care about.
- Will drafting
- Review of existing Wills
- Advice re provision for children, second families, spouses and civil partners, unmarried partners and other family members
- Advice re charitable gifts
- Advice re foreign and business assets
- Advice re Will trusts
- Inheritance Tax advice
- Advice re Trust creation and ongoing management
- Preparation of trust deeds and other trust documentation
- Declarations of Trust
- Termination of trusts
Probate and Administration of Estates
- Advice re the terms of the Will or intestacy rules where there is no Will
- Obtaining values for the various assets and liabilities in the estate, notifying the various institutions and obtaining all necessary estate information
- Obtaining a grant of probate or letters of administration as appropriate
- Dealing with and advice re Inheritance Tax, Capital Gains Tax and Income Tax, liaising with HMRC
- Notifying and liaising with the beneficiaries of the estate
- Preparing a deed of variation or a deed of disclaimer in relation to the estate
- Selling or transferring the various assets due to the beneficiaries
- Dealing with foreign assets and Wills
- Advice re estate disputes and claims against an estate