Here are some common questions about will writing and estate planning that you may find helpful:
FAQs
Frequently Asked Questions
A Will allows you to specify how your assets will be distributed after your passing. It ensures your wishes are carried out and can simplify the process for your loved ones.
It is advisable to review your Will regularly, especially after major life events such as marriage, divorce, birth of children, or acquiring significant assets. We recommend revisiting your Will every 3-5 years.
While you can draft a Will yourself, it is highly recommended to seek professional assistance to ensure its legality and effectiveness. DIY Wills may lead to unintended consequences and disputes.
Estate planning involves arranging for the management and distribution of your assets in the event of your death. It encompasses tax planning, asset protection, and ensuring your wishes are carried out efficiently.
Probate is the legal process of approving a Will and settling the estate of a deceased person. It involves validating the Will, collecting assets, paying debts, and distributing the remaining estate to beneficiaries.
While it is not mandatory to use a solicitor for will writing, professional advice can help ensure your Will is legally sound and aligns with your intentions. Our experienced consultants can provide expert guidance throughout the process.
If you pass away without a Will (intestate), your assets will be distributed according to intestacy laws, which may not align with your preferences. Having a Will ensures your estate is distributed as per your wishes.
The time to create a Will varies based on the complexity of your estate and your preferences. Our team strives to provide efficient services while ensuring your Will is comprehensive and tailored to your needs.
Yes, you can update your Will by creating a codicil (an amendment) or by drafting a new Will. It is important to revisit your Will whenever there are significant life changes to ensure it remains valid and reflects your current wishes.
If you have any more questions or need personalised assistance
Feel free to reach out to us. Our team at Legacy Trust Wills is here to support you in all aspects of will writing and estate planning.