Wills
Every adult should have a Will in place to ensure that they have complete control over what happens to their assets when they die and to enable them to appoint someone, they trust, to carry out their wishes. A Will also makes things easier and more straightforward for loved ones after your death and provides the security they deserve.
Without a Will your assets will be divided in accordance with the rules of intestacy, which may not meet your wishes and the wrong people inherit your assets. This could lead to disputes and unnecessary problems following your death making your estate more expensive and complex to administer.
If you are making a Will, it is possible to do it yourself or you may consider using an unregulated Will writing firm. However, there are many pitfalls of doing so and it can end up being much more expensive to rectify a badly drafted Will than having a Will prepared by a qualified solicitor in the first place.
At Yellow Legal, our Solicitor has over 25 years of experience and will ask the necessary questions to assess your requirements. This will likely include questions that you haven’t even considered which protect your beneficiaries so that they benefit as you intended.
Your Will is then drafted properly using established precedents that will ensure that your wishes are carried out effectively when you are no longer there to oversee the procedure.
Our solicitor will also consider the other aspects such as whether any additional steps should be taken to protect vulnerable beneficiaries or protect against challenges against the Will if, for example, you are leaving a child out of the Will.
Yellow Legal can also advise on measures to be considered such as Inheritance Tax planning, care home fees planning or using trusts to ensure that your ultimate beneficiaries inherit. This could be, for example, using a life interest trust so that a surviving spouse is able to live in in the marital home for their lifetime with the children then receiving the home when the spouse dies.
Even if you have an existing will it is important that it is reviewed and up to date to reflect any changes in your circumstances such as marriage, separation, divorce or children.
We offer fixed fees for basic Wills and for more complex Wills we will assess your requirements and provide a price based on your circumstances. We also offer secure storage of your Will free of charge.
Please get in touch if you would like a free no obligation consultation.
