Last Will and Testament
What is a Last Will and Testament?
A will is a legal document that dictates how your estate will be distributed and under what conditions. In most cases, the laws of intestacy may not align with your actual wishes, and your estate could end up in the wrong hands.
With a will, you can ensure that:
- Your children won’t suddenly have access to all your estate in their bank account the day they turn 18.
- In the event that one of your beneficiaries gets divorced, the future ex-spouse won’t get half of your estate.
- Your partner is best positioned to, for example, continue living in your current home, keep your car, and many other things.
What issues can arise if I don't have a Will?
- There are many different scenarios that could unfold differently than you might expect. For example, if your child gets divorced one day, a future ex-spouse could potentially receive half of your estate.
- If your spouse remarries after your passing, half of your estate would automatically be owned by the new spouse, even in the event of a divorce.
- In the case of blended families, the distribution of the estate could become uneven, with some children receiving more than others, depending on which parent passes away first.
I've created a Will before, but I'd like to make a new one
- It’s often possible to revoke an existing will when creating a new one.
- In some instances, drafting a new will may be the best way to accomplish your current wishes, while in other cases, a codicil might suffice.
- Feel free to contact us to determine what would be the most suitable approach for you.
How to create a Will?
- At Simple Family Law, you can create a will by scheduling a consultation with one of our advisors, who will review your situation with you.
- Together, you’ll work out exactly how the will should be structured, and one of our solicitors will draft the document according to your wishes.
- Contact us by filling out the form on the right-hand side if you’d like a free and non-binding consultation.
How to validate a Will?
- Is in writing.
- Is signed by the testator or someone else at their direction, in their presence.
- Has the testator’s signature witnessed by two independent adults.
The witnesses cannot be beneficiaries or related to beneficiaries named in the will. They must sign the will in the presence of the testator, but they don’t have to be present together. It’s also a good idea to have the will stored in a safe location, known to a trusted person, but there is no requirement for it to be notarised or registered with any governmental body for it to be legally valid.
For additional legal assurance, some people choose to have their wills stored with their solicitors or a dedicated will-storage service.
What does it cost to create a will?
Price for creating a will:
Last Will and Testament: £ 800
Regardless of how these prices sound to you, feel free to reach out to us. We are usually able to find a solution that allows you to get your will made, even if your bank account isn’t overflowing with cash.
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