Why Make a Last Will and Testament?
It's vitally important to make a last will and testament whether or not you consider yourself to have many valuable possessions or money.
- You can appoint the person you wish to deal with your affairs on your death (Executor).
- If you are not married or registered as Civil Partners then you can not inherit from your partner without a will which may cause serious problems.
- If you die without making a last will and testament there are statutory rules which allocate your property and possessions in a way you may not wish.
- You can leave what you own specifically to whom you wish.
- If one or both of a husband and wife or Civil Partners die with children surviving then you can appoint Guardians for your children and make financial arrangements for them.
- If you are married, or registered civil partners you may be able to reduce the amount of Inheritance Tax payable by as much as £124,800.00 on your joint estates with a Nil rate band trust and an additional £124,800.00 with a trust of residue and subsequent potentially exempt gift(s).
- A will does not have to be registered but merely kept safe for your executors, whose power to deal with your property and affairs is immediate on your death, whereas an administrator of your estate has no power until Letters of Administration are granted.
- If your marital circumstances have changed in recent years, it's important that you make a will to make sure that your money and possessions are distributed according to your wishes. A new will makes any previous will you had before invalid. Marriage revokes an existing will.
Click here to find
out which will is best for you.
Making your online will with us is easy. Simply select the type of Will you require below:
| Single Persons Will | Married Persons Mirror form Wills | Married Persons Discretionary Trust Wills |
|---|---|---|
|
[more] |
mirror form wills with joint estates not exceeding £624,000 [more] Click below to start |
discretionary trust form wills with joint estates exceeding £624,000 [more] Click below to start |
