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Why make a will?

Between 50% and 65% of people in England and Wales die without any Will or with a faulty will (usually homemade). As a result they leave their loved ones with what may be unnecessary, complicated, and expensive problems, at the time when they are least able to deal with them.

If you die without a Will, the law will decide who will get your property and assets. This often means that the people who you wish to benefit will not receive what you would like them to get. A wife or husband does not always inherit everything. Under the current law if you are not married but in a long term relationship your partner will not be entitled to anything. In some cases, all you own goes to the Government, or to distant relatives you may never have heard of.

Making a Will is a simple process for most of us. Besides ensuring that the people (or charities) you wish to benefit will do so, you can:-

  • Appoint an Executor who deals with all the paperwork on your family’s behalf.

  • Create trusts to hold money safely for your children until they are at an age when you want them to inherit.

  • Say who you want to look after your children should they be left without a parent.

  • Give particular items (such as jewellery) to individuals.

  • Make specific gifts of money to people or organisations.

  • Arrange for persons to be able to live in your house, and avoid possible homelessness of a relative or dependant after you have died.

  • Give your business to the persons you want.

  • Leave to people with a mental or physical disability in a way which will not affect any means tested benefits that they may receive.

  • In many cases, reduce or avoid tax.

  • Prevent your property from going to persons you would not like it to.

 

Why Use a Solicitor?
Even the simplest Will has to comply with legal formalities and therefore to ensure that it is correct you should make it through a Solicitor. A Solicitor can put into precise legal language your wishes so there can be no doubt as to what you mean.

We sometimes see Wills which are ambiguous, or produce results by their wording that we believe that the persons who made them would not have wanted.

We also see Wills which are not properly executed (although no doubt the persons who made them thought they were) and therefore have no legal validity. A great majority of these Wills are either home-made ones or ones that people have tried to make themselves using a commercial form.

Written instructions are no substitute for personal professional advice.

YOUR WILL

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0191 213 1010

1-3, Lansdowne Terrace, Gosforth, Newcastle upon Tyne NE3 1HN, UK

Please note that on 1st February 2019 we acquired the practice of Stephens McDonald & Robson SRA number 629167 and are the successor practice for that firm . We welcome Gregg Stephens to McKeag & Co.

Authorised and Regulated by the Solicitors Regulation Authority at Mckeag & Co number 636733