We will contact you shortly.
Planning for your loved ones’ futures and knowing they will be taken care of can give you peace of mind and let you focus on sharing time with them now.
We can make estate planning easy and effective, helping you to leave a legacy your family will be grateful for.
Expressing your wishes
Having a Will is vital to ensure that your wishes are met, and yet many people defer making one. While it can be difficult thinking about what you want to happen after your death, dying without a Will can have severe legal consequences for your loved ones.
Your Will should specify what you want to happen to your estate (your property, money and other possessions) when you pass away. Amongst other important matters, your Will can settle:
● who will benefit from your estate● how your children will be taken care of ● who will manage your estate (your executors)● steps to reduce tax liability on the estate
You can also employ trusts in your Will to give you greater control over what happens to your assets and how they are used.
Wills, Trusts and Estate Administration Solicitors situated in Essex & East London
Discuss your needs with a member of our team today.
Executing a Will
If you are an executor, you must carry out the deceased’s wishes in accordance with their Will. You will need a grant of probate to authorise you to administer the estate.
Other duties you could be required to perform include:
● paying debts and expenses from the estate● maintaining property until it is distributed or sold● distributing the estate to the beneficiaries
Dying without a Will
If someone dies without a valid Will in place (also known as dying intestate), a family member or friend may act as executor. If there are no surviving relatives, the estate will pass to the Crown to be administered by the Treasury. When disbursements have been made and Inheritance Tax paid, the remaining estate will be distributed in line with intestacy rules.
A tailored service that supports you and your loved ones
Life may be unpredictable, but estate planning gives you the reassurance that your family will be looked after regardless of what happens. It is never too early to organise your Will and related legal affairs. Acting now will protect your loved ones from any nasty surprises or painful decisions should you pass away unexpectedly.
The compassionate private client team at Hanson Woods Solicitors are sensitive to your needs and your situation. We listen carefully to your intentions and ensure that the legal mechanisms required to make them a reality are in place when the time comes
What are the formalities required for a Will to be legally valid?
When should I review my Will?