Writing a Will is something most of us won’t consider until later in life. A professionally drafted Will is however, one of the most important documents that an individual can have. A Will clarifies what happens to your assets after you die – who gets what, when they get it and can include details of how assets are managed. Access to DIY Wills both online and via large high street newsagents provide a tempting option, however the devil is in the detail when drafting these documents and a lack of care can often lead to unnecessary problems.
Anyone can make a Will provided they have the necessary capacity, however a Will must comply with certain requirements to be valid. The Linder Myers Trusts and Estates team is experienced in drafting Wills. From a basic Will which will suit most of our clients, through to complex Wills including all possible considerations – our team has the expertise to help.
If you do not have a Will the law provides for a set of fixed rules, which govern how a person’s estate will be distributed in the event that they die without a valid Will in place. These are known as Intestacy Rules.
The rules are complex and in certain circumstances could mean the estate is distributed to the Crown.