Will Review Service

What is a Will Review?

A Will Review involves a thorough examination of your existing Will to ensure it accurately reflects your current wishes, financial situation, and any changes in the law. Through our Protect Survey, we can help identify any areas that may need updating or clarifying, ensuring your estate is handled according to your intentions.

Why Regular Will Reviews Are Important

• 1. Reflects Life Changes:Major life events like marriage, divorce, the birth of a child, or the death of a loved one can significantly impact your will. Regular reviews can make sure your Will reflects these changes.
• 2. Updates Financial Information:Your financial situation can change over time. Updating your Will to include new assets or changes in your financial status helps ensure your estate is properly managed and distributed.
• 3. Keeps Them Legal and Consistent:Laws regarding Wills and inheritance can change. Regular reviews can give you confidence that your Will complies with the latest legal requirements, preventing potential issues for your beneficiaries.
• 4. Helps Avoid Family Disputes:An outdated will can lead to confusion and disputes among your family members. Keeping your Will current reduces the risk of disagreements and ensures a smoother process for your loved ones.
• 5. Ensures Tax Efficiency:Regular Will reviews help you take advantage of current tax laws and strategies, potentially reducing the tax burden on your estate and maximizing the inheritance for your beneficiaries.

The Time to Review Your Will

While there’s no set rule for how often you should review your will, consider a review:

• Every 3-5 Years: Regular checks help ensure your will remains relevant to your current situation.
• After Major Life Events: Marriage, divorce, the birth of a child, or the death of a beneficiary are key times to review your will.
• Significant Changes in Assets: Buying or selling property, receiving a large inheritance, or starting a business are good reasons to update your will.
• Changes in Relationships: If relationships with beneficiaries or executors change, your will should reflect these changes.
• Updates in Tax and Legal Rules: New inheritance tax laws or other legal changes can impact your will, making a review necessary.

How Our Will Review Service Works

1. Initial Protect Survey: We start with a thorough consultation to understand your current situation and any changes that may need to be reflected in your will.

2. Document Examination: Our local experts will carefully review your existing Will, checking for any outdated information, inconsistencies, or areas that require clarification.

3. Compliance Check: We ensure your will complies with the latest legal requirements and addresses any potential legal issues that could affect your estate.

4. Update Recommendations: Based on our review, we’ll provide recommendations for updates or changes to ensure your will accurately reflects your wishes and current situation.

5. Will Update Service: If updates are needed, we can assist with making those changes, ensuring your Will is properly amended and legally valid.

6. Ongoing Support: We offer ongoing support and reminders to review your will regularly, keeping it up-to-date as your circumstances change.

Benefits of Joslin Rhodes Will Review Services

1. Peace of Mind: Regular reviews provide peace of mind, knowing your will accurately reflects your wishes and protects your loved ones.

2. Expert Guidance: Our team of trusted Estate Planning experts has been delivering professional advice and guidance to Teessiders for over 20 years.

3. Comprehensive Review: We offer a thorough and detailed review of your current Will, addressing all aspects of your estate and ensuring nothing is overlooked.

4. Personalised Service: Our Will Review Service, like our Pension & Retirement Planning Services are fully tailored to you and your unique needs and financial goals.

5. Convenient and Hassle-Free: Our local team makes the process easy and convenient, handling all the details for you and ensuring your will is up-to-date.

There’s always something happening here…

Looking for practical, face-to-face help to tackle life’s money matters? Then join us at these no-cost workshops.

Whether it’s pension puzzles, care fee planning chaos, or sleepless nights from financial worries, we’re here to help.

Common Questions About Will Review Services

How Often Should I Review My Will?

It’s recommended to review your will every 3-5 years or after any major life event or significant change in your financial situation.

Can I Update My Will Myself?

While minor changes can sometimes be made yourself, it’s often best to seek professional help to ensure the changes are legally valid and comprehensive.

How Much Does a Will Review Cost?

The cost of a Will Review can vary depending on the complexity of your estate and the extent of the review needed. You can contact us today for an initial consultation, where our Financial Planners can explain to you the relevant charges.

What Happens If My Will Is Outdated?

An outdated will can lead to legal complications, family disputes, and unintended distribution of your assets. Regular reviews help avoid these issues.