Wills And Trusts
All you need to know about Wills and Trusts.
Estate Planning means
Making a Will
Dividing up your estate
Creating a Trust
Preparing your Lasting Power of Attorneys
Choosing your Trustees who will take care of the Administration of your estate for your beneficiaries.
You will need to decide:
- Name those you want to benefit from your Will.
- Who should look after any children under 18
- Who is going to sort out your estate and carry out your wishes after your death (your executor)
- What happens if the people you want to benefit die before
When a person dies without leaving a valid Will everything they owned is shared out according to the rules of intestacy.
If your Will does not state your wishes correctly, your assets may go to someone else.
The court will use the default rules of Intestacy which may not be in favour of those you love and want to care for the most.
You should check your Will with one of our experts to ensure that your is not open to contest, ruled to be invalid or applies to the wrong people.
Do not let this happen to your estate
You may need to rewrite your Will if any change of circumstances affect you or those around you.
For example, these might include:
A Change or partner.
Children or Grandchildren being born into the family.
Major purchases or additions to your estate or assets.
Deaths, Divorce life changing accidents.