
Wills
(Dying with a Will = Testate)
A Will is the first line of defence when it comes to ensuring the right people receive your assets and personal belongings when you pass away… The process is simple and easy and everybody needs a Will for all manner of reasons;
(Dying without a Will = Intestate)
If you pass away without leaving a valid Will, this is known as dying ‘intestate‘. Which essentially means that the Government’s Intestacy Rules will direct how and where your assets are distributed.
This means all the people you wish to pass on your assets and personal belongings to may never receive them, i.e.
Probate & Estate Administration
PROBATE & ESTATE ADMINISTRATION
Should you wish, we can enlist one of our partner firms to act for an Executor who would like the assistance from a regulated professional. Fees would be agreed in advance and at their instruction we can organise to meet with the Executor(s) and gather all relevant information and paperwork. Regular updates during the entire process will be provided along with a contact and number should you have any questions at any time.
There are often ways to avoid Probate or Estate Administration, so that the distribution of assets can take place immediately after death without need for the often lengthy process of applying for Probate – Please ask us about Asset Protection Trust / Family Trust and we can assist you in exploring your options.
EXECUTORS
We are happy to be named in your Will as your Executors and we work very closely with a national firm of solicitors. We feel it is not necessary to use pre-payment services in advance because it is very hard to predict future events.
Things that might result in your estate looking very different in the future might include;
All of which may result in a significant change to the value of your Estate and these fees should reflect this at the time of death.
By pre-paying in advance for a service you will require in the future, will mean you will end up spending more money than you need to.