By ensuring you have a Will in place you will have peace of mind that your money and estate can be passed to those you have nominated to receive it. Without a Will that will not automatically happen.
If you do not leave a Will then the law of intestate succession instead dictates who inherits what. Although your spouse or civil partner will have certain rights, that does not mean they will automatically receive the whole of your estate as other family members have certain automatic rights.
We strongly recommend that all clients have an up to date Will in place, so that you can dictate what is to happen to your estate.
Advising clients on the terms of their Wills is a key part of our business, and we are very happy to assist. We can help advise on what practical issues need to be taken into consideration, as well as assisting with the appointment of executors and trustees, arranging any bequests, e.g. to individuals or charities, and dealing with how inheritance can be held for young children.
As part of the overall process we can also provide tax advice particularly on Inheritance Tax, so as to maximise the estate available for your loved ones and beneficiaries.
Occasionally Wills can be disputed and challenged. We can advise you on what grounds Wills are challengeable and can assist with that.
He is a strong advocate of the advantages and benefits that a small, yet focused law firm can provide to its clients.
For over thirty years, Jim has advised families on a wide range of legal and financial matters, in particular wills, trusts and tax.