Making a Will is one of the most important things we can ever do as it determines how your most personal possessions and hard-earned savings are shared among close family and friends. At Doyle Legal Solicitors, we are happy to advise you on all aspects of making a will, from the administration of the estate, the reading the Will, distributing the assets and to managing taxes.
Choose the people you trust to carry out your wishes
If your estate is uncomplicated, then simply choosing a trustworthy relatives or family friends is enough. However, if your estate is complex, it may be sensible to appoint a professional executor together with the relative or friend.
To appoint a guardian for your children
Have control over who will be guardians to your children. If you have children under 18, it is advisable to appoint guardians for them should you and your spouse or partner die while they are still young. If you do not appoint a guardian the court will appoint a guardian on your behalf. Making a will allows you to choose the people who will be responsible for your loved ones.
To protect your business
Making a Will is a good way to pass your interest in a business to your heirs or the co-owners of the business.
To have control over who receives your assets
You can decide who receives your belongings after you die. Generic state rules might not meet your wishes and never include provisions for those not related to you, like close friends or charities. Ensuring your estate is distributed the way you wish it to be.
Be Tax Aware
Minimise or avoid any tax payable.
To make a difficult time less difficult
Losing someone is incredibly hard, and the last thing any of us want to do is spend those hard times haggling with solicitors and family members. Making a Will keeps your loved ones from having to deal with bureaucracy in a time of sadness.
Finally, In order to make a Will you must satisfy the following conditions:
Be 18 years of age
Be of sound mind
The will must be in writing
The will must be signed
The signature must be witnessed by 2 witnesses.