Wills 2017-09-29T15:51:02+00:00


Why make a Will now?

No matter how small you should consider your “Estate” to be you need to consider making a Will. You may own a car, have a company pension, a home then you need to think about who you wish to receive these should the worse happen. You can review your Will in the future as your personal circumstances change.

It is important to make a Will because:

  • Should you die without a Will then certain rules dictate how the money, property and possessions will be allocated. This may not be the way you would wish your money and possessions to be distributed
  • Unmarried partners and partners who have not registered a civil partnership cannot inherit from each other unless you have made a Will. If one of you dies this could cause serious financial complications
  • If you have children, you will need to make a Will so that you can make protect your wishes for their future. You may need to name a Guardian(s) for your children in the event of your death or death of both parents.
  • It may be possible to reduce the amount of tax payable on the inheritance if advice is taken in advance and a Will made.

Remember to keep your Will up to date and consider any changes to your circumstances e.g. separation, divorce, additional children, lack of mental capacity. We would recommend you review your Will once every 5 years or if there are significant change in your circumstances.

Be aware that marriage automatically revokes a Will therefore, if you are entering or have entered a second marriage and have previously made a Will leaving your Estate to the children then this Will is automatically revoked by marriage and your husband would then inherit. We can assist you to ensure your Estate goes to the beneficiaries you wish to benefit.

A scary thought for some: – Divorce does not automatically revoke a Will! So, if you are getting divorced, are separated or divorced years ago then make a Will to ensure that your ex-spouse does not inherit.

Not all families are perfect and fall outs happen for many different reasons. Should you not want to benefit for instance one of your children, as you may have been estranged from them for many years then you must exclude them under your Will otherwise they can challenge your Will.

Don’t put off making a Will, do it today!

Call us now on 01625 460 281 or email info@dlssolicitors.co.uk for a no obligation consultation from one of our expert lawyers. Alternatively complete our online enquiry form