Making a will can cost less than you think – from £100 plus VAT for a single will or £150 plus VAT for mirror wills. We do not employ unqualified will writers, so you will benefit from tailored, individual advice from qualified and experienced wills solicitors in Wakefield.
Why make a will?
The rules of inheritance do not always reflect the complexities of modern family life, and making a will ensures that your wishes are followed – many people are surprised that without a will, your spouse may not inherit the whole or your estate, and that an unmarried partner or step child would not receive anything from your estate. |
|
Minimise inheritance tax liability
Sensible planning can minimise the liability of your estate to inheritance tax.
By creating a trust in your Will you can allow your partner to have the use of your house, or your share of it, for the rest of his or her life, while ensuring that it passes to your own children once your partner dies. You can make provision for a disabled relative who may not be able to manage their own money by leaving a gift in trust.
A discretionary trust is a type of trust which allows your chosen trustees to decide which of the beneficiaries you have named should benefit, when and by how much. You cannot choose when you die, but the trust allows your trustees to ensure that your family or friends benefit in a suitable way at a suitable time. You can leave a letter explaining to your trustees how you want them to administer the trust – for instance, you may want them to make it their priority to help all your grandchildren through university before dividing whatever is left between your children.
Chose your representatives
Making a will lets you decide who administers your estate – friends, family or professionals - and allows you to nominate a guardian for your children. Please contact us to speak with a wills solicitor in Wakefield. |
