Making a will ensures your money goes to the people you want to benefit, and that the person who shares out your assets (the executor) is someone you trust. Without a will, your estate will be divided according to intestacy rules – there is no guarantee your spouse will receive everything, and unmarried couples will have very few rights.
Your will also enables you to appoint a guardian for your children and trustees to look after any trusts you have set up or the funds of beneficiaries who haven’t reached the required age to inherit.
By working with the dedicated specialists at Pearson Rowe, you can have the peace of mind that your will is both legally binding and as tax-efficient as possible. This includes:
- An initial meeting: we can raise options you might not have considered, such as the possibility of saving tax, and you have the opportunity to ask questions.
- Drafting of the will: you will have a chance to amend the draft and ask more questions.
- Preparation of the completed will: you sign it in our presence to ensure validity. If this is not possible, we will advise you on how to sign the will to ensure it is witnessed and valid.
- Review your will: We recommend this should happen at least once every ten years or so, and more frequently if your circumstances have changed and you need to make amendments or draft a new will.