Our expert advice and assistance can help you when the time comes to make your will.
Why make a will?
Making a will avoids having your estate pass under the law of intestacy. Sometimes this will achieve what you would have wanted anyway, but often it does not and real hardship can result. For example if you are married or in a civil partnership and have children, only £250,000 will go to your spouse. With today’s house prices in London this can cause enormous difficulty to a widow, widower or civil partner.
Making a will ensures that matters are dealt as you wish and avoids confusion amongst family members after your death. Your will can of course always be changed. Our specialist team can offer advice on the best way of giving effect to your wishes. Once your will has been drawn up, a copy will be stored safely in our office free of charge. You will always know where it is should you want to make any changes.
A mirror will is prepared when a couple want to make similar wills. Each may leave his or her estate to the other, so that the survivor becomes the beneficiary of the other’s estate.
Inheritance tax can have a large impact even on a fairly modest estate. Our team can advise on the implications and on ways to mitigate this tax.
Contact our Private Client team on 020 7228 0017.