The beginning of a new year is a time where most people reflect on the past year and start thinking about the future. One particular document that is often under consideration in the new year is a person’s Will – do they need to make one or update an existing Will.
Do you have a Will in place?
A Will is a legal document that outlines how a person’s assets and possessions will be distributed after their death. A Will enables you to appoint an executor(s) to administer your estate, choose your beneficiaries, establish any gifts you would like to make, establish guardians for any children, establish funeral wishes, as well as create trusts. Moreover, it allows you to express your intention and protect your assets including any property, jewellery, and business to name a few.
Has there been any changes in your circumstances?
This can either be a change in your financial or family circumstances. If yes, it may be time to review your Will. We usually recommend a Will review every five years, however a change in circumstance may prompt a Will review sooner than that.
How can we help?
- Arranging an appointment – we can arrange an appointment with our specialist team who will assist you with creating your new Will. Appointments can be either face-to-face or virtual i.e. teams.
- Thorough Will reviews – we can review your existing Will to identify any outdated provisions or potential areas for improvement. We then work closely with you to discuss and implement necessary updates. If an amendment is required, we can proceed with a Codicil or a New Will.
Process of creating/amending your Will?
- Obtain your instructions
- Prepare your draft Will/Codicil
- Send you the draft via e-mail or post for your approval
- Once approved, we will arrange a further meeting to sign your said document or post the said document to yourself to further execute
- Sign Will!
How can we help?
Sainabou Touray is a Trainee Solicitor in our Wills and Probate team.
Our team of specialists have supported thousands of families across the East Midlands and nationwide with:
- Drafting and updating Wills for people of all ages every year;
- Strategic estate planning to minimise tax implications;
- Dealing with the administration of many high-value estates, including asset valuation, debt settlement, and distribution to beneficiaries, and Inheritance Tax issues;
- Advising and assisting executors appointed to administer the estate of a deceased friend or relative; and
- Helping the family of those who die without a Will to sort out the consequences of intestacy.
Our team offer a choice of ways to help you when making or changing a Will, according to how much you want to spend and how much support you would like.
For advice or further details of the services we provide, please contact Sainabou or another member of the team in Derby, Leicester or Nottingham on 0800 024 1976 or via our online form.
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