Our guide to: Making a Will

What is a Will?

It is a legal document that deals with your affairs when you die.  In your Will, you get to decide:-

  • Who receives your assets – your Beneficiaries
  • Who carries out your wishes – your Executors

What should you consider when making a Will?

Beneficiaries

You may consider the following:

  • Dividing your estate between family, friends and/or charities
  • Setting conditions for your beneficiaries to meet. Typically attaining a particular age e.g. 18, 21 or 25 years
  • Making small cash gifts
  • Gifts of specific items – e.g. jewellery

Executors

An executor’s role includes:

  • Ensuring your Inheritance Tax bill is paid
  • Arranging valuations of your assets
  • Obtaining Probate
  • Paying your debts and funeral bill
  • Distributing your estate to your beneficiaries

You can appoint anyone over the age of 18 years to be your Executor.  At Donnelly & Elliott we can take the burden of acting as your executors.  We have the knowledge, experience and expertise to deal with your affairs.

Guardians

You can appoint a person(s) to take care of your infant children

Funeral Directions

You can leave instructions setting out

whether you wish to be buried or cremated

Disinheriting beneficiaries

You can limit the risk of unwanted relatives trying to lay claim to your assets

When should you make a Will?

As soon as possible.  It is particularly relevant if:

  • You have young children
  • You have disabled children
  • You are about to get married/enter into a Civil Partnership
  • You live with someone
  • You are about to divorce
  • You run a business
  • You have foreign property/assets

To make or amend a Will you must be of sound mind.  Don’t leave it until it is too late!

Fees

We are pleased to offer:

  • a no obligation initial consultation
  • fixed fee packages for simple wills

We have a range of packages to suit your circumstances.

Meetings

Our office hours are Monday to

Friday 9am to 5.15pm

We have ground floor meeting rooms and disabled access to our office

Please call 02392 505 500 to arrange your consultation