Wills are a personal document which instruct your executors on how you wish for your estate and assets to be distributed after your death. If you do not have one or your Will fails through being invalid, you die intestate and your assets will be distributed according to the Administration of Estates act 1925. This isn't a good thing normally as those you do not wish to inherit often would and those you maybe do want to give something to would not (depending on who they are) So why leave things to chance?
It is vital your Will is written and checked after the attestation by a professional as there are many reasons why it could fail or be invalid. We attend all attestations (signing of the Will) where possible for this reason.
Wills can be for a single person or a couple. They can contain wishes for who you want as your executors and or trustees, specific and monetary gifts, the residual estate, funeral arrangements taking the pressure off your family at a difficult time, gift of pets and who you wish to look after them, organ donation and or trusts should your circumstances need or suggest one.
One common scenario people often overlook is Guardianship of children under 18. If both parents died without leaving adequate instructions for Guardianship in the Will, at first the minors would be made wards of court whilst suitable guardians are approved, this can be lengthy and frustrating, as well as a daunting experience for the children. This is why it is important to have a Will with children under 18.
Living Wills or advance decisions can also be drafted so that you can make choices whilst you are alive as to how you should be cared for if anything were to happen.
Letters of wishes may accompany your Will which can dispose of non valuable specific items.
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