Why should you have a Will?
- To avoid inheritance disputes amongst family members and relatives. By making a Will you can decide exactly how your assets are divided.
- Writing a Will allows you to greatly reduce the amount of Inheritance Tax you have to pay. Normally there is no Inheritance Tax to pay if the value of your estate is below £325,000 or if you leave everything to your spouse or civil partner.
A Will is a very important legal document in protecting an individual’s private property rights. If a deceased person does not leave behind a Will, the UK Government will appoint an administrator to decide who inherits your estate. As such, your estate may end up divided in ways you may not have intended. This can be avoided by drafting a Will and Probate (a ‘grant of representation’ which gives someone the legal right to deal with a deceased person’s estate).
It is important for families to find accomplished and experienced lawyers to help deal with matters of Wills and Probates. Writing a Will is not a simple matter, as technical terms and complex legal requirements can make the process complicated. At Christine Lee & Co, our lawyers can provide a comprehensive and professional service to help you draft your Will.