Wills

Wills services are referred to a third party. Neither AberHelp Ltd nor PRIMIS are responsible for the service received.
What is a will?

A will is a legally binding document that details what you would like to happen to your money, property, and possessions, and any children you may have under the age of eighteen after you die.

How does a will work?

You can write your own will; however, you need to get your will formally witnessed and signed to make it legally valid.

If you reside in England or Wales, you need two witnesses over the age of eighteen while in Scotland, you need only one person over the age of sixteen, however, neither the witness nor their spouse can benefit from the will.

Once the will is signed and witnessed, it is legally valid and complete and it is recommended to keep your will in a safe place, including at a bank or with a solicitor.

Although you do not need a solicitor to draw up or witness a will, it is recommended to use a solicitor to make sure it will be effectively executed and that you do not make any mistakes. Indeed, there are particular circumstances including owning a business, having multiple family members who may want to make a claim on your will, or having any shared property with someone who isn’t your spouse or partner, where it is particularly important to use a solicitor.

Indeed, the cost of drawing up a will depends on a variety of factors, including how much your solicitor charges and how complex your will is. To limit the cost, it is best to consider how much money, property, and possessions you have, along with who you would like to execute and benefit from your will, before speaking with a solicitor.

If your circumstances change, for instance, if you get married or remarried, and you would like to change your will, you must either make a new will or add a codicil to your existing will. A codicil will add your requested alterations to the will but leave the rest of your will intact.

 

Do I need a will?

Many people put off making a will, however, a will ensures that your loved ones are taken care of after you pass away. A will also allow your loved ones to save on Inheritance Tax and avoid any family disputes.

If you do not leave a will, your estate will be distributed in a standard way defined by the law, and those who you wish to benefit from it may not. Indeed, if you do not have a will, the law can also decide who has responsibility for your children if they are under eighteen.

Making a will ensures your final wishes are enacted and that your loved ones are cared for even after you are gone.

Alternatively, there are also several other types of insurance that can protect your loved ones financially that you may be interested in, including Life Insurance.

Wills services are referred to a third party. Neither AberHelp Ltd nor PRIMIS are responsible for the service received.

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