Why is making a Will important?
Making a Will is incredibly important because without one you do not have any say on what happens to your property and assets when you die. Having a Will is important at any stage of life, although usually a life event or a change in circumstances prompts a person into using our Wills service to make a Will. It could be that you have just got married, purchased a property or perhaps your family situation has changed, and you want to make sure your children benefit from your estate when you die. Or maybe you simply want to be sure of what happens to your estate when you die.
You do not have to have specific circumstances to make a Will. However, you may decide to use our Wills service when you:
Every person’s situation is different. Therefore, Will planning must guide you and your family through what can otherwise seem like a maze of rules and procedures.
Life never stands still, which is why we recommend reviewing or updating your Will with a Wills Solicitor every 5 to 10 years (depending on your circumstances). To help you decide whether now is a good time to do so, we offer a free-of-charge Wills review.
How can we help?
Please feel free to contact us using form below and we’ll get back to you as soon as possible or to speak to us to arrange an appointment by calling 01284 701131
Making a Will with us
You do not need to be sure of what you would like to do with your estate before you start the Will planning process. A big part of our Wills service is helping you think ahead and consider your options. From there, it becomes much easier to decide how you would like to distribute your estate.
There are many benefits to having a Will. A well-drafted Will reduces stress for your family after your death. It makes it clear what should happen to your estate and can also reduce Inheritance Tax on the assets you leave behind.
Our Bury St Edmunds Wills solicitors will help you form answers to the following questions:
Our specialist Wills solicitors are here to listen and advise you on making a Will. Together we will work out what your priorities and concerns are and help make sure these are protected.
Before your free-of-charge Wills service consultation with us, we’ll ask you to start thinking about the following:
We will send you a form that is easy to use and helps you collect the information you will need. You might not know how you would like to divide your estate at this stage; that is completely fine. You may not even have all the answers to your financial assets at this stage, which is also fine. This is why our Will planning consultation is important – our Wills solicitors will advise you on what your options are so that you can carefully consider the implications of each decision in making a Will.
Making a Will - Frequently Asked Questions
What should you consider when making a Will? Well, a Will sets out what you want to happen to your assets and possessions (your “estate”) after you have died. This is particularly important if you have children or other family members who are financially dependent on you, or if you want to make sure that something is left to someone other than your next of kin.
Making a Will is also a fundamental part of estate planning and can assist in reducing the amount of Inheritance Tax that could be payable on what you leave behind.
If you have younger children, your Will can say who you want to be responsible for them if you die (their “Guardians”).
Your Will also specifies who you want to look after your estate and make sure the instructions in your Will are carried out (your “Executors”).