A Will is one of the most important documents that you may complete during your lifetime. By making a Will, you are guaranteeing what happens to your finances and property once you have passed away.
Your financial responsibilities do not disappear after you die, but by having a Will in place you can prepare and make sure that your loved ones are looked after in the event of your death.
Our team of Wills and Probate Solicitors will help you take control of your affairs, allowing you to be confident that loved ones will be provided for in the future.
We provide all clients with a pragmatic and efficient service that focuses on delivering solutions, tailored to individual needs and requirements.
Initial Telephone Discussion
Our highly experienced solicitors will provide expert advice and assist you. Please call us on 01256 460830 or email us at [email protected].
A Will is a legal document that includes details about who should look after your estate and who will receive your assets after you have passed.
Other benefits include:
- Account for changes in your family such as birth, marriage, divorce, bankruptcy and death.
- Appoint guardians for children under 18.
- Make gifts to young children, disabled children or charities.
- Make sure that you are not paying more Inheritance Tax than required whilst protecting your assets.
- Restricting people who should not inherit.
- Setting up Trusts.
If you have not made a Will, the law will divide your estate according to the Rules of Intestacy. These rules are very precise and may not reflect what you would like to happen to your wealth and assets. It may also not be the most tax efficient way to administer your estate.
Types of Wills
We can help draft a variety of Wills, including:
If you are unsure about which Will you require, we can advise you on your options and recommend which best represent the interests of you and your family.
Single Will
One of the most common Wills is a single Will, reflecting the interests of an individual and what they wish to happen to their finances in the event of their death.
Contrary to the name, a single Will is for everyone not just single people, it may just be that the contents of your Will differ from that of your spouse or partner.
Mirror Will
A mirror Will is usually drafted on behalf of a couple who wish their Wills to reflect that of their partners. Couples tend to usually leave everything to the other in the event they should pass away.
There will be an opportunity to include personal requests, which will typically include funeral arrangements and details about personal or sentimental items.
Business Will
By having a business Will in place, you can ensure that your business will be protected in the event of the death or one of its owners.
If your family depend on your business as their sole source of income, it is crucial you secure their future by having a business Will in place.
A disadvantage of not having a business Will is that your children or other beneficiaries may have to give a significant amount to the state in tax if you die without a Will.
Estate planning is not just about reducing taxes, its purpose is to give you peace of mind for the future. You will be able to plan to ensure that you’ll have a comfortable retirement and that your loved ones will receive the financial support they need, in the event you are not around anymore.
Our Solicitors understand that every family is unique, and every estate is different, which is why we offer you a bespoke plan tailored to your aims and objectives.
As part of our service, we will discuss whether you would like to appoint anyone with Lasting Powers of Attorney for your health and finances, should you lose your mental capacity to make decisions for yourself in the future.
Our Fees
Where possible we will offer a fixed fee, so you will know what the costs are from the start. For more complex or uncertain projects, we will provide you with an estimate of the likely fees involved and keep you updated throughout the matter.
How to get in contact
Our Employment Law Solicitors are on hand to provide expert advice and assist you wherever you are based. Please call us on 01256 460830 or email [email protected].
Please call us or email and we’ll get back to you as soon as possible.
We aim to keep legal jargon to a minimum and guide you through the process in a manner that is easy to understand.
Our highly-skilled solicitors offer tailored, strategic solutions to even the most complex matters, ensuring you receive the guidance and support you need.
We will be by your side throughout every stage of the process and will provide you with regular updates and advice along the way.
We communicate thoroughly with you from the outset to ensure that we fully understand your individual needs. This allows us to accurately quote for your matter leaving you without any unexpected surprises and fees further down the line.
We provide our clients with a concise and transparent breakdown of costs from the outset of the matter and throughout any subsequent stages. This enables you to build faith and trust in us early on to form a lasting relationship.
The Annual Allowance With the end of the current tax year fast approaching, anyone wishing to use their 2023/24 (and potentially their 2022/2023) annual allowance in relation to gifts o ...
More
This week (4 – 8 March) is Update your Will Week Phillips Law is encouraging people to consider the risks of not having a Will following new research revealing nearly half of UK adults ...
More
Phillips Law is delighted to have advised Mactaggart Family & Partners and Longstock Capital Limited on a multi-million-pound agreement for lease with The AA to move their headquart ...
More
In our January update we reported on the Supreme Court decision in the long running dispute between Deliveroo and the unions representing many of its riders. You can read the full Judgm ...
More
From 6 April 2024 carers will have a day one right to request one week’s unpaid carer’s leave per year. Draft regulations for the Carer’s Leave Act 2023 provide the detail on this new r ...
More
Welcome to the new year! As we embark on 2024, it’s crucial to stay informed about the latest developments in employment law. Here’s a snapshot of key updates and changes th ...
More