What does a Simple Will do?
Working alongside our specialist legal team Leanne wecan provide you with a personal advised service for Wills, Trusts and Lasting Power of Attorney.
What does a basic Will do?
- Appoints Legal Guardians - choose who you would want your children (if under the age of 18) to live with and take over parental responsibility in the event of your death. If you don’t do this the Court decides on who they live with.
- Appoints Executors and Trustees - Choose who you would want to administer your estate and take care of assets.
- Appoints Beneficiaries - Choose who you would want to benefit from your Will.
If you are unmarried but in a relationship your partner isn’t legally entitled to benefit from your estate due to the Rules of Intestacy.
Other things to consider:
When you don't make a Will your family will be left to choose whether to apply for Letters of Administration to deal with your estate. This is so that they can close bank accounts, settle debts, acess other savings/investments/pensions. The cost of doing this is much higher than the cost of a Will.
Without funds made available to you family are left to fund the cost of a funeral. A Funeral Plan can also help with this.