Why is it important to write a will?

I understand that it is difficult to talk about what you want to happen when you die and that many people feel by making a Will they are tempting fate and going to die, or that you do not need to make a Will until you are in ill health.

A Will is an important document which lets your loved ones know what you want to happen on your death. It is important to have a Will in place:-

  • To ensure that your assets are divided in line with your wishes.
  • To ensure that your children are adequately provided for and have a legal guardian appointed.
  • To help you manage the amount of inheritance tax you pay.

If you die without a Will what you want to happen on your death may not be possible.

With you for Life – Call 07950 322404 or email karen@karenseed.co.uk to book an appointment

Why is it important to write a will?

I understand that it is difficult to talk about what you want to happen when you die and that many people feel by making a Will they are tempting fate and going to die, or that you do not need to make a Will until you are in ill health.

A Will is an important document which lets your loved ones know what you want to happen on your death. It is important to have a Will in place:-

  • To ensure that your assets are divided in line with your wishes.
  • To ensure that your children are adequately provided for and have a legal guardian appointed.
  • To help you manage the amount of inheritance tax you pay.

If you die without a Will what you want to happen on your death may not be possible.

With you for Life – Call 07950 322404 or email karen@karenseed.co.uk to book an appointment

I saw Karen about making my Will. It was very relaxed and stress free. I had been putting it off for years. It was lovely to be able to do it at home rather than feeling uncomfortable in a strange office environment. I would not hesitate to tell my friends about Karen and use her again if I needed anything” 

Janet Brown, February 2019 

Types of Wills

 

  • Simple Will – A Simple Will is a document which leaves your Estate to one other person or group of people such as your spouse or partner or your children, when you die.

 

  • Simple mirror Wills – These are suitable for married couples, Civil Partners and Unmarried couples. They leave the Estate to each other and mirror each other.

 

  • Wills with specific gifts – These Wills make specific gifts of either money, belongings, property or all of those things to different people and or Charities. The residue of the Estate is then divided out in accordance with your wishes. It is possible to have mirror Wills with specific gifts where the gifts made are joint assets or possession.

 

  • Will with Guardianship– These Wills are ideal for people who have children under the age of 18. They allow you to appoint someone you would want to look after your child or children on your death. If both parents die together and there is no Guardianship clause in your Will your children could end up being looked after by someone other than who you wished them to be.

 

  • Will with ring-fencing–  These Wills are ideal for couples who own their property as joint tenants. They effectively protect half of the house from care home fees for surviving children, nieces, nephews, siblings etc. The surviving spouse, civil partner or partner then by virtue of the trust created in the Will is able to live in the house rent/ mortgage free until their death. It is important to note that this cannot be done where a person is already in ill health with the sole purpose to avoid paying any care home fees.

 

  • Will with disabled persons Trust – These Wills have clauses in them which appoint a person or people to look after anything someone with a disability inherits. This means that any money which is inherited does not affect the disabled person’s entitlement to state benefits. It also means that they are protected from being taken advantage of. There are different types of trusts which very much depend upon the individual’s circumstances.

 

  • Will with Business Trust – These Wills have clauses in them which put the business into a Trust. The Trust can stipulate who has control of the business and who benefits from the business. These are ideal for people who have a family business where for example, one of their children has worked in the business and added value to it but the others haven’t.

 

  • Prices– start from £150 plus VAT- please contact me on 07950 322404 for a quote.