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The effect of a Will on family, finances and relationships are all important things to think about and sometimes there are less obvious factors that may still have an impact upon those around you.
Because of the many different people we work with, our team has an incredibly detailed understanding of the more unusual and complex scenarios that can arise during the process of creating a Will. Before deciding if you need a Will or not, consider a number of things; whether you own a home or share in a property, whether you are married, have children, live with a partner, have been separated from a husband or wife, have remarried, have a death in service scheme through work or if you have any similar lump sum entitlements. If any of these scenarios apply to you, a Will is definitely worth considering as you may be surprised to learn what and who could be affected if you do not have a Will.
A Will exists to do a great deal more than simply settle your financial affairs. Assigning guardians for any children, or setting out funeral wishes are also incredibly important. It may be that you want to ensure that a sentimental item will be passed to a certain person, or in some circumstances you may wish for someone not to benefit from your estate at all. Without a Will you lose influence over these types of matters.
Not being signed in accordance with the Wills Act, making a Will when you are not mentally capable fo doing so and being forced to do so under undue influence of another.
Yes. This is called disclaiming.
You are able to disclaim the gift or rights under intestacy.
Yes they have, briefly right to an account and being updated as well as their benefit naturally.
If you have any questions about Wills and probates, please don’t hesitate to contact our team of experts who are on hand and ready to help you.
