Wills solicitorsThe danger of not having a professionally-formed, watertight document can mean your wishes are not respected. For anything to do with wills – yours or those of others, get in touch with Britton and Time Solicitors. FIND OUT MORE
Writing a proper will doesn’t have to be a minefield of complicated and confusing jargon. We’re here to take you through the ins-and-outs of the process in simple, readable terms, so you can make sure you get it right. No matter your circumstances your wishes should be respected. We can make sure that happens.
Regardless of how much or little you have, your will makes sure everything of yours (money, possessions and property – known collectively as your ‘estate’) ends up in the right hands.
Having a will can help reduce the amount of inheritance tax that has to be taken off your estate, meaning you’re able to leave more behind for the people that matter to you most.
If you have financial dependents (children or family that rely on you for money), having a will is especially important. If you want to leave anything to someone outside your immediate family, a will is the safest way to make sure that happens.
If you’re not married or in a civil partnership when you die your partner is not legally entitled to anything, unless there’s a watertight will stating otherwise.
For help or advice on any of the following areas, get in touch:
- Making a will
- Estate accounts
- Inheritance tax
- Administration of estates
- Collection of assets
- Paying bills
- Dealing with financial institutions
- Lasting powers of attorney
- Business disputes
Why use Britton and Time Solicitors to write your will?
You will save everyone you leave behind a huge amount of stress, because the contents will be written absolutely according to the law. This means no loopholes that might create opportunities for anyone not mentioned in the will and wanting to claim any part of your estate. In short your wishes are far more likely to be respected.
Consult Britton and Time Solicitors today if any of the following apply:
- You have property or assets abroad
- You run your own business
- Your family situation is not straightforward
- You will owe inheritance tax (which applies to estates worth over £325,000, or £650,000 if you’re a married couple or in a civil partnership)
Reasons to use Britton and Time Solicitors to write your will:
- We are regulated, so if something goes wrong you can make a complaint. If this doesn’t work you are then legally allowed to speak to the ombudsman, who has to address your problem.
- We are trained in sorting out the complications, so there are far less likely to be mistakes. Even the smallest mistake can mean your will isn’t valid and your wishes won’t be respected.
- We will store the original copy of your will in a fire-proof safe, at no cost to you.
How it works when Britton and Time Solicitors writes your will
- Your costs will be explained upfront before you start.
- We will go through all your options and help you make the right choices about your will.
- We will write and check your will according to your exact instructions.
- The whole process is confidential and we will have your best interests at heart throughout.
What does it mean to use Britton and Time Solicitors as executor?
This means when the will is being read, we will make sure everything happens the way you want.
Whatever your situation get in touch today for a professional, cost-effective way forward.
Update Your Will; It’s Now Or Never
Let’s say years ago you made a will to leave your property to a specific individual(s) when you pass away. However, your life has changed several times since you created that will. You sold a house or bought several investment flats; you divorced and remarried (twice), or maybe you had those extra children you always wanted. With all these changes, how can you make sure everything is included in your will and going to the right people?
To make sure your wishes are up to date and that your property, wealth and possessions pass to the people you want them to, you have two choices. You can either draft and execute an addendum to your existing will if you have an existing copy of it (also known as a codicil), or, if for some reason you cannot access, or have lost your previous will, you can draft an entirely new will with Britton and Time Solicitors.
Updating an Existing Will
At Britton and Time Solicitors we can go over your existing will and list each item in your ‘estate’ (i.e. what property, wealth and possessions you have). We then review your ‘beneficiaries’ (the people who you wish your possessions to go to) and confirm that your wishes remain the same.
We will ask you to decide if you want to change anything and if you do, we will include all your changes in your new will. You may choose to change the beneficiaries, add new ones or remove old ones. You may even wish to gift some money to charity. Anything is possible when you are updating or making your new will.
Creating a Replacement Will
Equally, if you do not have a copy of your existing will, or are creating a will for the first time, the process is not dissimilar to the above. We will sit down with you to summarise what you have, list to whom you would like each item to go, and advise you on any additional clauses or caveats you may wish to include.
It is always best to keep a copy of your will in a safe place as years could pass between you creating a will, and it being executed. When you pass away, if no trace of your will can be found, your estate risks being distributed in accordance with the intestacy rules, which are set down by law and may not coincide with your wishes. To avoid this, a good way of safeguarding your will is to appoint a firm of solicitors, such as Britton and Time, as custodians of your will. This means we would store your will for you and produce it on your behalf when the time is right. It also means your will is safe from prying eyes.
If you have gone through a divorce, you will have to make or update your will to ensure your wishes are met and that those you want to benefit from your estate do. Sometimes people wait until they remarry, but if something happens in the interim, no one will know what your most recent wishes were.
Adding Flexibility to Your Will
Life moves on quickly, and after you have changed or updated your will, your estate may change through buying new property or possessions, or you may come into additional wealth. This does not necessarily mean you need to update your will when making each significant purchase as when drafting your will, Britton and Time solicitors can include a ‘residuary clause’. A residuary clause covers everything in your estate that has not specifically been left to a named individual, or beneficiary.
For example, if you have two houses and an expensive painting, and in your will you leave one house to your son, and one house to your daughter, but do not state to whom the painting should go, the painting would go on to form part of your ‘residuary estate’ (the bit left over). The residuary estate will go to whomever you named in the residuary clause, therefore should you forget to update your will, or simply choose not to, your estate will still go to your beneficiaries. You can even add in conditions to best decide who receives your residuary estate, for example that it will go to whichever of your children completes their higher education.
Executing Your Will
In your old will you would have named the ‘executor’ (the person(s) responsible for executing your will) and in all cases we will ask you to confirm who this is. Executors are in charge of gathering all your worldly possessions, paying off your debts (if any), and giving each beneficiary what you wanted them to have. If you want to change your executor, will or beneficiaries, then you should call Britton and Time Solicitors today.
If you are updating your will or making a new one, then we should meet at the Britton and Time Solicitors offices in Brighton and Hove to discuss the best way forward. If a face to face meeting is not possible, then we can still take your instructions over the phone and send you your new will by post with instructions on how to sign it.
Whatever your circumstances, whether you need a new will, to redraft the old will, or make an amendment to your existing will, call us today on 01273 726951, or email using the contact us section on our website.
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