A recent survey showed that over 60% of adults in the UK have not made a Will, and more alarmingly 74% of co-habiting couples do not have a Will. Without a valid Will, your loved ones will have little control on the inheritance of your estate. Take control and make your Will today.
At Ringrose Law, we understand your life is busy, and taking the time to make a Will can seem like a real hassle. We’ve lots of experience of helping people write their Wills and can ensure the whole process is fast, easy and as stress free as possible for you.
Making a Will is the only way to ensure that what you want to happen after your death actually does happen. It makes the process of dealing with your money and possessions (your estate) easier for your friends and family. If you don’t make a Will your estate may not automatically go to the people you want to benefit and unnecessary tax may have to be paid.
We have a team of experts who can talk you through each stage of making a Will and will take the time to understand your personal circumstances to ensure you are happy that your assets are protected.
To speak to one of our advisors contact us at our offices across Lincolnshire in Boston, Grantham, Lincoln, Newark, Sleaford and Spalding, or complete our online ‘Making a Will’ form and we will contact you to discuss further.
Making a Will
Before you visit us to discuss making a Will it is a good idea to think through the relevant issues. Our online ‘Making a Will’ form highlights the things you need to consider when making a Will and we advise people to have a look at this before we meet. When we put your Will together we work with you to;
- Help you decide who will carry out the instructions in your Will (the executor)
- Help you nominate guardians to look after your children if you die before they are 18.
- Make sure that the people you care about are provided for.
- Help you leave gifts to family and friends and decide how much they get.
- Take steps to minimise any Inheritance Tax that might be due on your death.
Are you a parent?
If you are a parent, particularly to younger children under the age of 18 years old, it is a really important to make a Will. If you make a Will, you can make sure your children are provided for after you are gone, and you can nominate a guardian, if your children are under the age of 18 years old. We will help you deal with your Will to make sure your family is protected and everyone knows what your wishes are.
Are you cohabiting but not married?
It is often a common myth that cohabitees are entitled to their partners share of property, money etc. if they should die, however if you do not have a Will in place you are not entitled to anything. If your partner has children they could inherit your partner’s money leaving you with nothing. If you are cohabiting it is vital that you have a Will in place, to protect you and your partner if anything should happen to either of you.
Are you in a Civil Partnership?
Civil partners have a legal right to inherit from each other and any inheritance is tax free. If you and your partner are not civil partners you can’t inherit from each other automatically. We can help you make Wills to provide for each other and avoid any unnecessary stress if one of you dies.
Changing your Will
You should review your Will every three to five years and when there has been a major change in your circumstances. For example, if you marry, a Will made prior to the marriage will be invalid. Also, the value of your home and investments may have increased over time and Wills may need to be amended to save inheritance tax. It is a good idea to talk to us if you think you may need to change your Will.
Registering your Will
We are pleased to be a founder member of Certainty the National Will Register. By being a member of Certainty it allows us to register your Will so you and your loved ones will always know where to locate your Will. To find out more about registering your Will, please click here.
We can help
To speak to one of our team further about making your Will, registering your Will, or updating an existing Will then contact us today. Our team of friendly, professional experts would be more than happy to speak with you on the telephone and arrange an appointment at one of offices in Boston, Grantham, Lincoln, Newark, Sleaford and Spalding. Or complete the online ‘Making a Will’ form and someone will contact you.
We are proud to be able to offer Wills through the Cancer Research UK Free Will Service – for more details click here.