Standard Wills
A standard Will is a legal document that allows an individual, known as the testator, to specify how their assets and possessions should be distributed after their death.
Having a Will provides numerous benefits, offering both peace of mind and clarity for individuals and their loved ones:
It protects your partner and children by ensuring that your assets and belongings are distributed to them
It allows the giving of gifts to special people in your life e.g. money or things of sentimental value
A Will can also designate guardians for minor children, ensuring they are cared for by trusted individuals.
Additionally, it allows you to name an executor to manage your estate and handle financial matters, simplifying the process for your heirs.
It can also mitigate any potential inheritance tax
While it addresses straightforward estate planning needs, a basic Will may not cover complex situations like tax planning or establishing trusts. It is an essential tool for providing clarity and ensuring one's wishes are honoured.
Without a will, your estate may be subject to state laws, which might not align with your preferences. By planning ahead, you protect your legacy and reduce the emotional and financial burden on your family during a difficult time.
Call us for a free consultation where we can answer all your questions and advise on the best Will for your needs.
We are happy to meet at a time and place to suit you , including evenings and weekends, and at your home or in our office