Ensure that your estate and belongings will pass to your loved ones in accordance with your wishes. With the right legal advice from Peace of Mind Wills, a Will can also make certain that your family or loved ones are provided for in the most difficult of times.
At Peace of Mind Wills our years of experience in Will Trusts can help with longer term planning, not only to protect your property and loved ones needs, but also to protect any vulnerable family members.
Creating a Lasting Power of Attorney, or LPA, with Peace of Mind Wills makes sure that your property and financial affairs and health and welfare will be looked after by someone you trust in an unfortunate time when you may need them to be able to act on your behalf, due to lack of capacity, or even just when the time is right for you.
We are here to support you throughout the process, offering Full Administration Service and Grant Assist Service, working with the Society of Will Writers Trust Corporation.
Here we have compiled a list of some of the most frequently asked questions and we hope you will find the answers to your questions. If you can’t find an answer to your question, please contact us.
A will is a legally binding document where you state your instructions for how your estate should be distributed when you pass away. They may also be used to appoint guardians to take care of your minor children, and executors to manage your estate on death.
If you die without a will in place the ‘rules of intestacy’ will apply. This will mean that your estate will be distributed according to a strict order depending on the value of your estate and which family members survive you. This may mean that your assets end up passing to people who you’d prefer not to inherit from you!
If you are unmarried then your partner will not inherit anything from you without a will in place.
If you have minor children and there is no surviving parent then social services will decide where to place your children, as no guardian will have been appointed.
To make a will you must be over 18 and have ‘testamentary capacity’. This is the mental capacity to understand and make a will. You must be able to understand:
You must also not be suffering from any mental disorder that effects your ability to make a will.
As long as you have testamentary capacity you are free to change or revoke your will as you please. We recommend that you review your will every 3-5 years or on certain life events such as marriage, divorce, birth of children, death of any beneficiary, or if your financial situation changes.
Will writing is not a reserved legal activity, so you don’t have to instruct a solicitor to draft your will. You can draft your will yourself, though we don’t recommend this as there is a lot that can go wrong and leave you without a valid will if you don’t take professional advice.
