• advice@dartmoorfinancial.co.uk
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Write your Will

Write your Will.

Will Draft, Writer

Don’t shy away from it. Sort it out now, so your  family can get on with remembering the good times.

Why Should I?

Many people have an amazing defiance to needing a Will. People are living longer, that is a fact. It is also a fact that only 2/5th’s of over 55 year olds’ have a valid document.

Here’s what you need to know about why making one is so important

 When there is no Will, the Government decides who gets what from your wealth, referred to as an estate.  A spouse or civil partner is first in line but won’t necessarily receive everything. Next in the queue are children or grandchildren, parents, siblings or their children, half-siblings or their children, grandparents, uncles and aunts or their children and finally half-uncles and aunts or their children.

If there are no relatives, the estate passes to the Crown, or the Duchies of Cornwall or Lancaster. These rules are known as the laws of intestacy.

There are different types of wills, including single, ‘mirror’ versions for couples with the same or similar wishes, and trusts, where wealth is managed by individuals on behalf of a beneficiary. This could be a better way to provide for children or for relatives with mental disabilities. Having the wrong type, could have repercussions on what happens to your estate and how it is divided when you die.

A guardian who agrees to look after your children if you die can be appointed in a will.  Otherwise social services might intervene to decide who should care for them if both parents die. This may not be what you want and of course will cause lots of unnecessary stress to both your children and your loved ones.

If you instruct a solicitor to draw up your will, the cost is likely to be between £150 and £300 for a single will or between £200 and £400 for the mirrored version. Anything more complicated  costs extra. Our “simple wills”  start at just £99.  We provide “smart wills” too but these are priced on appointment. Given the varying complicated structures of different peoples estates it is simply not fair to put a top end price on our work.

Paying a few hundred pounds now to arrange a Will could save thousands of pounds in tax in the future and keep your family safe and secure for their onward journey through life. 

 Mistakes made during the writing of a will can make it invalid. Typical errors include not having the document signed by witnesses, or asking a witness who is also a beneficiary to sign. We are registered advisers with the Society of Will Writers so you can be assured of our quality and professionalism.

Will, Estate Planning, Mortgage Adviser

We are members of the Society of Will Writers.

Marriage cancels out any previous will, unless impending nuptials are accounted for when the document is created. Unmarried couples are not even protected by the laws of intestacy. If one partner dies without a valid will, the other stands to inherit nothing.

Executors – those named in a will who must distribute your wealth and ensure your wishes are adhered to – need instructions about any ‘digital legacy’. This would mean leaving a log of online banking codes and passwords. If you have money in online bank accounts or a social media presence you want deactivated, the family will need to know how to access those accounts.

To book a free no obligation appointment please call us on 01822 890769 or email advice@dartmoorfinancial.co.uk

 

 


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This is a video provided by Royal London to encourage Financial Advisers to look at adding Wills to their service as part of a "holistic advice approach". We have provided Wills now for 6 years to our clients along with other estate planning services. He "opens the door to a protection policy" which is a bit salesy - Who wouldn't want to leave a lump money for their family to use? The bit that got me is the stat's that came with it:

"73% of UK adults don't have a will

The research revealed that 73% of 16-54 year old's don't have a will, while 64% of people over the age of 55 have made their final wishes clear in a will. The research also found that men are more likely to have a will and keep it updated than women.

When you consider that the average age for our life cover claims was 53, putting it off until later could be a huge mistake"

Have you got your Will yet? email advice@dartmoorfinancial.co.uk to get started. #dartmoorfinancial #goodadvice
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Contact us on 01822 615502 or email advice@dartmoorfinancial.co.uk