No Will? Questions to Ask Yourself

WILLS

Are you aware that:

  1. Many people think their immediate family will get all of their estate should they die without a Will? This is not necessarily the case (The Law on Intestacy).
  2. A family can suffer financial hardship because of delays in dealing with the estate of a person who has no Will.
  3. Family arguments often arise over who should get personal belongings and what type of funeral should be arranged.
  4. If you have a partner, but are not married, your partner would not automatically be entitled to your estate?
  5. Whatever informal agreement you may have made in relation to whom looks after your children will be given little, if any, consideration. Children may end up being looked after by someone else.

EXECUTORS

Are you aware that:

  1. You ideally need to nominate at least 2 executors? It is useful to ensure that both the legal and technical work and the personal and family side of things are property dealt with.
  2. If the value of your estate exceeds £5,000 then your executors will usually have to apply for a Grant of Representation from the courts?
  3. That an efficient and effective way of obtaining a Grant from the Courts is by using a firm of solicitors?
  4. That by not appointing and using solicitors that your executors may not be able to cope with the legal and technical work that is involved in winding up an estate?
  5. That by appointing us at Seatons as one of your executors that we can deal with the legal and administration of your estate quickly, efficiently and sometimes at a reduced cost to the estate?

CHILDREN TRUSTS

Are you aware that:

  1. If you wish to benefit your children or grandchildren through your Will, whilst they are under the age of 18, the funds will need to be held under a Legal Trust for his or her benefit which can sometimes be costly?
  2. That the answer to this very common problem is to set up a childrens’/grandchildrens’ trust within your new Will. This allows you to set up a Trust in advance which can save legal costs and keep arrangements simple and straightforward.
  3. After your child/grandchild reaches the age of 18, that they are quite free to spend (or worse, squander) their entitlement. Do you want this to happen to your bequest?
  4. An answer to this problem is that we can set up within your Will a Trust that delays your child or grandchild gaining full control of their entitlement until the age of 21 or even 25 (and for a disabled child or grandchild, it can extend throughout their life).

Make a Will

Everyone should make a Will. Ensure your wishes are carried out - don't leave it to chance! Please click on the link below.

MAKE A WILL

MAKE A LIVING WILL

Ever thoughts about making a Living Will?
Do you know what one is?
LIVING WILLS

ENDURING POWER OF ATTORNEY

When making a Will it’s worth thinking about making an Enduring Power of Attorney as well.
ENDURING POWER OF ATTORNEYS

ORGAN DONATION

We can provide information and ensure your wishes are carried out.
ORGAN DONATION