Making a Will.

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How we can help with making a Will.

Making a Will does not need to be complicated or costly. It’s natural to be a little apprehensive about making a Will but you don’t need to be. Our clients tell us that it’s actually a very rewarding experience and often say they don’t know why they didn’t do it sooner.

We appreciate that no two people are to same. We listen to what you want to achieve so we can prepare a Will tailored to your specific requirements.

A straightforward Will may be suitable for your circumstances. We often find though that our clients want to make a Will that specifically:

  • saves Inheritance Tax
  • maximises tax reliefs for business owners and farmers
  • involves children from a previous marriage
  • protects assets from care fees and claims by third parties
  • considers the impact of a beneficiary’s potential divorce
  • protects a vulnerable person
  • prevents inheritance from being squandered
  • reduces the chance of costly disputes over your estate

Once we have found out more about your circumstances and discovered what is important to you, we can recommend the best type of Will for you.

We can prepare the following types of Will:

  • Asset Protection Will Trusts
  • Basic Mirror Wills
  • Business Succession Plan Wills
  • Care Fees Planning Wills
  • Disability Trust Wills
  • Discretionary Trust Wills
  • Family Protection Trust Wills
  • Flexible Life Interest Trust Wills
  • Flexible Trust Wills for Single Parents
  • Interest in Possession Trust Wills
  • Next Generation Protection Wills
  • Second Marriage Will Plans
  • Simple Wills
  • Vulnerable Beneficiary Trust Wills

Your Will is your opportunity to frame your legacy how you choose.

Whatever your wishes and however simple or complex your circumstances we can offer you the solution.

Ready to talk?

To make your free no-obligation enquiry now call 01884 216 106, email info@gormanlegal.co.uk or send a free Online Enquiry.

If you are not yet ready to tak, keep scrolling to read our FAQs about Making a Will and Will Writing.

Making a Will and Will Writing

FAQs about Making a Will.

Everyone’s circumstances are different but here are some of the things to consider when making a Will:

  • Who do you want to leave an inheritance to?
  • Who do you want to be your executor?
  • What’s the value of your estate and is inheritance tax payable?
  • Does the Will need to maximise the available tax reliefs and allowances?
  • Should any assets be left to a trust for general asset protection purposes?
  • Are you concerned about the cost of care and nursing home fees?
  • Do you wish to provide protection for a child’s inheritance against claims by third parties and spenthrift behaviour?
  • Do you wish to provide protection for the inheritance of a vulnerable or young person?
  • How should you deal with your business interests?
  • Are you concerned about the possibility of a dispute over your Will?

We’ll discuss your individual circumstances in full and can prepare a Will that is tailored to achieving your specific wishes.

The cost of making a Will depends on your requirements and how complex it is.

If your estate is fairly straightforward, we’ll be able to give you a fixed fee for drafting your Will.

If your estate is large or complex or if your personal circumstances are complicated, you’ll need more specialist legal advice from us to ensure that your Will is structured in the best way to protect your family and your assets and to ensure that your wishes are fully implemented.

We never charge for an initial telephone consultation so you can feel relaxed about getting in touch with us. We’ll then be able to let you know about the costs so that you’re fully informed before we start the work.

Call us today on 01884 216106, email info@gormanlegal.co.uk or use our Free Enquiry Form to find out more.

If you die without having made a Will that’s legally valid, your estate will be divided according to the Intestacy Rules. These are a mandatory and inflexible set of rules that are rarely suitable. The Intestacy Rules don’t make any provision for an unmarried partner. For married couples with children and assets worth £250,000 or more, your spouse won’t inherit everything under the Intestacy Rules.

Making a Will ensures that when you die, your estate is dealt with according to your wishes. It can also save inheritance tax and protect assets for your family.

Not necessarily. It depends on how you own any joint property, the value of your estate and whether you have any children.

For those reasons, it’s always best to seek legal advice about making a Will.

Making a Will is one of the most important things you’ll ever do. As Wills and Probate Specialists, we’ll make sure that your Will is legally valid so that it won’t be disregarded after your death.

We can help you to structure your Will in the best way to avoid paying too much tax and ensure that your loved ones are provided for in the way you want.

Under English law, you have the freedom to include or exclude anyone you choose from your Will. However, some categories of people are able to make a claim against your estate. It’s then up to a Court to decide whether or not their claim has any merit.

We can help you to ensure that your wishes are carried out in full by structuring your Will appropriately and taking other additional steps so that your wishes are respected.

A Will should be viewed as a ‘living document’ which needs to be regularly reviewed and updated from time to time.

It’s essential to review your Will if you’ve had any major life changes, such as:

  • Marriage, divorce or separation.
  • A close family bereavement or the death of someone mentioned in your Will.
  • The birth of a child or grandchild.
  • Significant changes in your financial circumstances.
  • Significant changes in the life of a beneficiary of your Will.

Even if you haven’t had any significant life changes, it’s advisable to review your Will at least every few years. Your ultimate wishes might remain unchanged, but changes in the law, particularly in relation to inheritance tax, may have affected your Will.

The executor is responsible for the administration of your estate after your death. In summary, this means they have to:

  • Locate and identify the assets and any liabilities of your estate
  • Value your estate and report to HMRC
  • Apply to the Court for a Grant of Probate of the Will
  • Deal with the administration of the estate according to law
  • Properly identify the beneficiaries
  • Make sure all claims, debts and liabilities are reviewed, assessed and paid if substantiated
  • Arrange the distribution of the estate according to the Will
  • Prepare Estate Accounts
  • Deal with Tax Returns

If they don’t do this correctly, or if they mismanage funds from the estate, they are personally liable for any financial shortfalls.

Mirror Wills are usually made by married couples. They are a pair of Wills made on similar terms. For example, the Wils may provide that on the first death, the estate of the first to die is given to the surviving spouse. It may then provide that on the surviving spouse’s death, the survivor’s estate is given to children on attaining a certain age.

This is a simple Will arrangement. It may not be appropriate for you if you want to protect your estate against inheritance tax, care fees, the survivor’s remarriage, claims against your estate by third parties and ring-fencing your children’s inheritance. This type of Will can also waste valuable tax reliefs that apply to business assets.

A trust is a legal arrangement for the management of money or assets for the benefit of specific people. A Will Trust is a trust contained within a Will that comes into effect on a person’s death.

You might use a Will Trust to:

  • Make provision for your loved ones in a way that is tax-efficient
  • Protect a young or vulnerable person
  • Ring-fence assets against care fees
  • Protect assets if your spouse or partner remarries after your death
  • Protect assets for your grandchildren in case of their parents’ divorce or remarry
  • Prevent beneficiaries from losing state benefits
  • Prevent the misuse of assets

As Wills and Probate Specialists, we’re experts in wealth structuring and estate planning. Call us today on 01884 216106 to find out how we can help.

How you own your home with your spouse or partner is very important as it will affect what happens to your interest in the property when you die.

When a couple owns property in joint names, they’ll either own it as joint tenants or tenants in common. Whether you should own your home as tenants in common will depend on your individual circumstances.

If a couple owns their home as joint tenants, on the first death, the property automatically passes by survivorship to the survivor of them independently of any Will.

If a couple owns their home as tenants in common, each of them is treated as a separate owner who is entitled to their own share of the property. Usually, a couple will own the property in equal shares unless there is a signed agreement or declaration of trust to say otherwise.

Owning property as tenants in common is often better because it can enable a couple to use a Will Trust that allows the survivor to keep living in the house when you’re gone while ring-fencing assets against care fees, protecting assets in case of the survivor’s remarriage and offering greater tax-efficiency.

As Wills and Probate Specialists, we can advise on the type of joint ownership that’s right for you.

The executors are responsible for dealing with your estate after your death and ensuring that the instructions contained in the Will are carried out. This can be a complicated role and some people prefer to appoint a legal professional to deal with the estate whether acting alone or alongside a family member.

Why appoint us?

  • We have professional expertise and experience of estate administration.
  • We provide a personal, proactive service with experts solving and heading off problems.
  • We will take on the liability of ensuring that the estate is properly administered.
  • We will take pressure off your loved ones at a difficult time.
  • We give your loved ones space to grieve, without having to worry about the legal and financial implications of administering the estate.
  • We give you peace of mind in knowing that your estate will be protected in the best interests of your beneficiaries.
  • We can prevent a conflict of interest around inheritance issues as our priority is to carry out your wishes fully and efficiently.

To find out more about how we can help, call us today on 01884 216106, email: info@gormanlegal.co.uk or use our Free Enquiry Form.

Unlike many solicitors and will writers, as part of our Will Drafting Service, we’ll securely store your Will for safe-keeping free of charge. It doesn’t cost you a penny.

Make a free enquiry today