Specialist advisors for the over 60s
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Make a Will
Why do I need a Will?
If you do not have a Will you have no control over what happens to your assets when you die and more importantly no say in how your loved ones will be financially supported. Because of this, everyone should have a Will and this is particularly important if you own property, are married or have entered a civil partnership, have a long-term partner, have children or other dependants, or if you wish to benefit someone who is not a close family member.
What happens if I do not have a Will?
It is a commonly belief that, if you are married or in a civil partnership, your spouse or civil partner will automatically inherit everything you own when you die. This is not the case - the law sets out rules that specify how your assets are to be divided if you should die without leaving a Will. The provisions are intended to be fair, but they may not suit you. For example, if your spouse or civil partner and children survive you, your assets will be divided among them in fixed proportions that may not suit your family and may end up causing unnecessary hardship. In addition, the rules make no provision for a partner if you are not married or in a civil partnership, even if you have lived together for many years.
Do I need a solicitor to write my Will?
Your Will is important and professional advice will ensure that your Will complies with legal requirements and that your instructions are clear and will be followed after your death. If your assets are worth over the inheritance tax threshold you will want to ensure that you have taken advantage of any tax reliefs available to you.
How much does it cost?
Solicitors charges for a simple Will can vary from £125 to £300 plus VAT. This will usually include a meeting, preparation and approval of the Will.
Power of Attorney and Care Homes
Solicitors can also advise on preparing Powers of Attorney or Deputy Applications. We also advise on Estate Planning, Trust Administration, Tax Planning, Living Wills, The Provision of Home Care, Preserving Assets in the event of Long Term Residential or Nursing Care, Residential and Nursing Home contracts, Advice on Financial Responsibility and Funding for Long Term Care, including NHS funded care and Mental Health Legislation.
THE LEGAL PRACTICE SOLICITORS have been providing legal services to private clients and businesses since 1964. We are members of Solicitors of the Elderly and members of The Law Society Probate Section.
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