It is never too early for you to make a Will. Please download our free Wills Questionnaire
which details some of the matters you should consider when making your Will.
This firm's standard charge for preparing a Will, having a consultation about the Will and storing the Will in this firm's fireproof facility is £275 plus VAT for an individual, and £350 plus VAT for a couple who wish to essentially make mirror Wills. This includes a consultation to discuss the proposed Will within which there will be advice about, among other things, land ownership, trusts, the Inheritance (Provision for Family and Dependants) Act 1975, capacity, and the roles of executors and trustees. There are further charges if further work such as servering a joint tenancy, preparing a trust, preparing a letter of wishes, completing a home/hospital visit or requesting a medical report is required.
A Will sets out clearly in writing who will inherit your assets, including any property, valuables and personal belongings, when you die. If you die without making a valid Will then your assets will be distributed under the Intestacy rules and not necessarily as you wish. We have prepared a flowchart outlining how the Rules of Intestacy work
There are significant advantages to making a Will:
You can ensure that your assets will go to your loved ones when you die and not just as the Intestacy rules provide. This is more important than ever in today’s society as more and more unmarried couples are choosing to live together. Under the Intestacy rules even if you live with your partner for years they will not have an automatic entitlement to your estate when you die.
As part of an overall estate planning exercise, a Will can potentially offer you significant tax savings as well as saving on the cost of winding up your estate.
You can specify who you would like to act as guardians for your children in the event that the other parent is unable to do so or you do not wish them to.
You can leave directions regarding your funeral arrangements.
Even if you already have a Will, we recommend that you should review your existing Will no more than every two years to ensure that it continues to reflect your intentions as your financial, personal and family circumstances change over time.
Other important factors to note will be:
A Will can only be created by an individual if they have capacity to do so. Where an individual has not made a Will and no longer has capacity, the situation becomes more complex as an application will have to be made to the Court of Protection for a Statutory Will to be made. For further details about this, please see our guide to Statutory Wills.
A Will shall only be considered valid if it is in the correct format and has been properly executed. You should therefore always seek advice on this issue to ensure these requirements are complied with.
Marriage invalidates any previous Will you have made and you should therefore seek to address this by having a new Will drawn up.
If you wish to specifically exclude a close relative from your Will, it is advisable to confirm the reason you have done this otherwise it may be that this individual will seek to challenge how your estate is distributed. For further details on how such a challenge may be brought, please see our guide to Inheritance Act Claims.
At Curzon Green Solicitors, we have specialists in Wills and Probate offering you a personal but professional service and expert advice in preparing a Will for you.
Our Wills Team