It helps to begin by looking at it from a different angle. If you die without making a Will, your estate will be distributed according to law (the rules of intestacy) which runs the very real risk of someone other than those you intended to benefit inheriting your assets.
Our team of Wills, Trusts, Capacity and Probate lawyers takes time to understand exactly what you own, the people who matter most to you, and the provisions you would like to leave. We’ll advise on the best, most tax-efficient, ways of sharing out your estate and of structuring any terms.
We’re here to make the process easy for you and help you to consider your specific circumstances as a whole by taking into account any property and assets you own personally, as well as any business interests you might have. We'll help you express your wishes in a way which leaves no doubt for the future. We can also help you provide for any disabled or vulnerable beneficiaries through the creation of Trusts which can protect assets from means-tested benefits or outside influences.
Once you have made a Will and it’s safely stored in the strong room of our office, don’t forget about it. Things change, relationships develop, people come into and go out of our lives. So it’s important to keep your Will under review. We recommend you should revisit it at least every four or five years – or when a significant change affects you - to check that it still reflects your wishes.
Whether you instruct us to prepare your Will for the first time, or to update an existing Will, we’ll make sure that it is well-thought through, clear and legally binding. During the will-writing process, we’ll make the task of planning for the future as straightforward as it can be.
Wills, Trusts, Capacity and Probate - Planning for the future
Whilst making a Will is a key part of planning for the future, have you stopped to think about what happens if we, a parent or other relative becomes physically or mentally incapacitated? What will happen if we or they need some form of assistance to achieve a better quality of life, potentially for the rest of their life? For some people, full-time, long-term care can be the only option. We’ll guide you on issues such as the financial consequences of long-term care, possible planning methods and the types of Trust available.
Tax planning is also an important consideration. As average net worth increases and modern families expand and interlink, Inheritance Tax and estate planning are a priority for many clients. We can work closely with your accountants and financial advisers to advise you on your situation. We can work to minimise the Inheritance Tax payable by your family, and protect your family’s wealth.
Agricultural businesses also need specialist advice. We can help you to consider land ownership issues, fair division of the farm and farming business and provide advice on how your Farming partnership agreement interacts with your Will.
Find out more information about making your Will here. If you are thinking about using our Wills services, filling out our no obligation questionnaire will ensure that we are in the best position to give you great advice tailored to your personal circumstances when we discuss the process and likely costs with you.
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Get in touch with our wills and estate planning solicitors in Banbury, Bicester and Rugby
If you would like to speak to a solicitor to help with your will, please contact our solicitors at our offices in Banbury, Bicester or Rugby.
