Bishopsgate Law can advise you about all aspects of making your will.
The only way to guarantee that when you die your property, possessions, savings or investments will go to those that you want them to, is to make a will.
Unfortunately, most of us do not like to dwell on the subject of our death, or discuss it with anyone, which is why many people do not make a will. It is something that people put off and in many cases never get around to doing.
Your will is a very important document because it gives you control over what happens when you die and means that you can ensure so far as is possible that your wishes are met.
A will can give precious gifts to your loved ones, thank people who have looked after you, benefit your chosen charities, explain your wishes for your funeral and service, and, in some cases, provide for who will look after your children.
A will can also be an important factor in protecting your assets from taxation or future care costs.
If someone dies without making a will they are said to have died “intestate” and the law of intestacy will automatically apply. The Intestacy Rules set out the order in which your relatives are entitled to benefit from your estate.
The property that you leave when you die is known as your estate and is made up of the belongings, property, cash, shares, bonds, insurance policy proceeds and all other property that you own when you die.
Failure to make a will means that the application of the Intestacy Rules may mean that instead of the people you love and want to benefit being provided for after your death, your estate goes to relatives that you may not have intended to benefit, or in some cases the estate can go to the Crown.
People who use a solicitor to make their will have the advantage of knowing that the will is being prepared by, and any advice is being given by, someone with a legal qualification, a long professional training, experience and expertise.
The Law Society has said: “The only sensible choice for consumers is to have a solicitor to write your will, and to ensure a solicitor is chosen to administer the estate of your loved one. A solicitor is qualified and brings the comfort of an unrivalled regulatory and compensation system to put right any errors.”
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Please contact us to talk about making or updating your will, dealing with probate, arranging lasting power of attorney, or any other legal work our wills and probate lawyers can do for you.
Our wills and probate department is based at our Potters Bar office.
You can also see a private client solicitor by arrangement at our central London office.