Will Writing Services
Are you thinking about writing a will or just curious about how they work in the UK? If so, you’re in the right place!
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Speak with us today to arrange your no-cost meeting (worth £500) with one of our local pension & retirement experts.
Help with Writing a Will
Creating a will is one of the most important steps you can take to ensure your wishes are respected after you’re gone.
At Joslin Rhodes, we can help you make key decisions about your estate and set up your will for you.
But first, let’s go over some of the things you should know about Wills.
What is a Will?
A Will is a legal document that sets out how you want your assets to be distributed after your death. It can also include your wishes regarding guardianship of your children and how you want your funeral to be conducted.
Why is a Will Important?
- 1. Ensures Your Wishes are Followed:A will ensures that your assets are distributed as you decide, not the Government’s intestacy rules. Without a Will, the law decides who inherits your property, which might not necessarily reflect your personal choices.
- 2. Provides for Loved Ones:You can make specific provisions for your family and friends, ensuring they are taken care of financially. This is especially important if you have dependents who rely on your support.
- 3. Helps Avoid Family Disputes:A clear and well-drafted will can minimize potential conflicts among your loved ones by clearly stating your intentions and wishes.
- 4. Aids with Inheritance Tax Planning:
A will can help reduce the amount of inheritance tax that might be payable on your estate, ensuring that more of your wealth goes to your beneficiaries rather than to the taxman. For more information on Inheritance Tax Planning, click here.
Remember though, Will’s Aren’t a ‘One and Done’
Wills should be considered a living documents, and not something you draft and put in a drawer. It’s essential you review and update your will regularly, especially after major life events such as marriage, divorce, the birth of a child, or significant changes in your financial situation.
To make changes, you can either create a new Will or add a codicil, which is a document that amends your existing will.
To get more information on our Will Review Services, click here.
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Whether it’s pension puzzles, care fee planning chaos, or sleepless nights from financial worries, we’re here to help.
Common Questions About Wills
What Happens if I Die Without a Will?
If you die without a will, your estate will be distributed according to the UK’s intestacy laws. This means your assets may not go to the people you would have chosen, and the process can be more complicated and time-consuming for your loved ones.
Can I Write My Own Will?
Yes, you can write your own will using a template. But, to ensure it’s legally valid and covers everything it should, we’d always recommend that you seek professional advice from Estate Planning experts like us at Joslin Rhodes.
How do I set up my Will with Joslin Rhodes?
It’s easy! All you need to do is book your free one-to-one consultation. Here our Financial Planner will discuss your circumstances as well as providing all costs and next steps.
Can I Change My Will?
Yes, you can change your will at any time. To make minor changes, you can add a codicil. For major changes, it’s often best to create a new Will.
Interested in a Free Estate Planning Consultation?
Our local Teesside-based experts are here to help. Get in touch today for a FREE consultation.
We'll show you:
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When you can afford to retire
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How much money you'll need in retirement
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How to make the most of your pensions and other assets to fund your lifestyle
