Wills In Detail

If I dont make a Will, what will happen to my estate? 

 

This is known as dying Intestate.  There are specific rules of intestacy which set out who will inherit your estate if you do not leave a valid Will.  This may not be what you would have wished and in the worst cases, where relatives cannot be traced, your assets will be taken by the State.

Who can make a Will?

 

Anyone over the age of 18 who is of sound mind can make a Will, however:

 

​- it is possible for members of the armed forces to make  a Will under the age of 18 (advice should be sought in these circumstances)

- under the provisions of the Mental Health Act 1983, the Court of Protection may approve the making of a Will, or a Codicil to a Will for someone who is mentally incapable of doing so themselves.  Please contact us if you require guidance in this area.

Is it difficult to make a Will?

 

It is assumed by many that making a Will is a difficult task to undertake, indeed, this is another reason why many people do not make a Will.  However, it is a far simpler process than many imagine and simpler still with expert assistance.  Listing your property and assets is a sensible first step, followed by considering who you wish to benefit from your estate.  If your children are still young, it is also important to consider who you would want to look after your children (Guardians) in the event of your demise.

Jacqueline Lee-Lis is one of the UKs leading specialist Chartered Financial Planners... More>>

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