Making a Will allows you to determine how your money or investments, property and personal possessions are to be divided on your death and to make sure that those family or friends who may require special care and support receive the appropriate assistance when you are no longer around to provide it. It also allows you to select the person or persons who will carry out the administration of your estate after your death.
It is often wrong to assume, as many do, that on death a person’s estate will automatically pass to their spouse, civil partner, or cohabitee in the way that they expect. If you die without making a Will your estate will be distributed according to the intestacy rules and these may not benefit the people to whom you would wish to leave your estate either at all, or in the way that you might intend.
Simple Mirror Wills are generally used by spouses, civil partners, or co-habiting partners in long-term relationships and usually involve each partner leaving everything to the other and on the death of the survivor of them passing the estate down to any children and/or grandchildren.
A Simple Will appoints your executors, expresses your wishes as to your funeral arrangements, and provides for the distribution of your estate to named individuals or specific groups of beneficiaries and is particularly appropriate for those who do not simply wish their estate to pass in accordance with the intestacy rules.
F or clients whose requirements are straightforward we offer a fixed price Will writing service of £75.00 plus VAT for a simple will and £65.00 plus VAT per will for two simple “mirror wills”.
For clients with two or more families as a result of divorce or other breakdown of previous relationships it is particularly important that you and your current partner make specific provision by will to ensure that those members of your respective families who you wish to benefit are provided for in your wills, as the failure to make a will in these circumstances may result in your estate passing to persons you would not wish to benefit and accordingly not passing to those that you intend should receive your estate.
It is important that you review your will from time to time and particularly if there have been any significant changes in your financial or family circumstances, or if the provisions of your old will are no longer appropriate by reason of changes in the law or taxation.
MORRIS READ & CO Solicitors
51 Waterloo Road