Your Will is one of the most important documents that you will ever make, it gives direction to what happens when you die. Without a Will you are subject to something called the Laws of Intestacy, where the government have laid down who will inherit what you owe, most of us wouldn’t want that to happen.
Even if you’ve only got life insurance or a pension scheme at work you need to make a Will. If you have children, making a Will is really, really important. Making a Will is the only way you can appoint guardians for your children if something happed to you and your partner. You need to consider what should go into the document, broadly speaking this includes your executors details and who the beneficiaries will be, a list of what assets you own and how you want to give them away and your funeral wishes and directions.
If you’re married, making a Will is critical because it’s the only way you can inherit from your partner if something happened to them. When you’re getting married is a good time to make a Will, or if you’re buying a property, this is also a good time to make a Will. Many people do not consider the tax implications and the risks to their property, shares and money that inheritance tax can pose. Making your will in the right way will make sure all tax relief options have been utilised effectively. Most couples will make Mirror Wills, so called because the two documents mirror each other’s intentions.
We offer Will writing in Harrogate, Knaresborough and Ripon
If you live in the Harrogate, Knaresborough or Ripon area, we are based locally and can offer you a free home visit to discuss your requirements. Call us today on 01423 589 259 and make an appointment with Simon to discuss your Will writing requirements.