Your Guide to Making a Will
Why you need a will, when to update it, choosing executors and guardians, the kinds of gift you can make, and inheritance tax.
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Services/Wills, Probate & Estates
A properly drafted will lets you provide for your wishes and for the needs of your spouse, children, partner or other family members. We advise individuals and their families on all aspects of succession and estates.
If you own property or have assets, it is advisable to make a will so that they are distributed according to your wishes in the event of your death. A will can also deal with the appointment of guardians and trustees, and can act as an important tax planning device.
Provided you are over the age of 18 and of sound mind, you can make a will. You will need to appoint an executor or executrix to administer your estate. Some people appoint a close family member or friend; it is also possible to appoint your solicitor or another professional.
If you do not make a will, your assets and property are divided according to the Succession Act 1965, which means your spouse is entitled to your entire estate if there are no children, and otherwise to two-thirds of it, with one-third going to your children. If you do not have a spouse, your estate goes to your children. If you are unmarried with no children, it goes to your parents, and if both parents have died, to your brothers and sisters. The law is not flexible, and it will also decide who is responsible for administering your estate.
The Assisted Decision-Making (Capacity) Act 2015 substantially changed the law for vulnerable people who need support with decisions. Under the Act, capacity is assessed on the basis of a person's ability to understand the nature and consequences of the particular decision to be made. A person is taken to lack capacity if they are unable to understand the information relevant to the decision, to retain it long enough to make a voluntary choice, to use or weigh it as part of making the decision, or to communicate the decision by any means.
Importantly, capacity is decision-specific and time-specific: lacking capacity on one matter, or at one time, does not mean a person lacks capacity on another matter or at another time. The Act creates "interveners" to support the relevant person while enabling their voice to be heard and their wishes followed where possible, and it replaces the old wardship jurisdiction.
Our fees for drafting and engrossing a will are:
Fees are subject to your instructions and what those instructions require. Please contact us for the current Capital Acquisitions Tax threshold amounts, which change from time to time.
We offer a full probate service in the event of a death, including preparation of the Inland Revenue Affidavit and Probate Office papers, and we will answer any queries arising in the administration of the estate.
Why you need a will, when to update it, choosing executors and guardians, the kinds of gift you can make, and inheritance tax.
Read the guide →
What the estate is, what a personal representative does, how a grant of representation works, how long it takes, and what happens where there is no will.
Read the guide →
Please browse the site, or contact us for more information. We are happy to talk through your matter and give you a clear idea of the costs involved.