Making a Will
Making a Will is extremely important for everyone. The specialist solicitors at Stirling Ackroyd Legal have a great deal of experience helping our clients in this area, and we can advise and support you through the entire process of making your Will.
A Will is a legally binding document that sets down exactly what should happen to your home, money, property, assets and possessions after your death.
Set Your Will How You Want
It will set out who is to benefit from your estate and will appoint your executors, who are responsible for dealing with your estate and fulfilling your wishes after your death. You can also use your Will to address certain practical matters, such as whom should be appointed as guardians of your children and any related financial provision. Making your Will can also help to reduce Inheritance Tax liability, depending on your circumstances.
In order for a Will to be legally binding, the following criteria must be met:
- You must be over 18 years of age
- You must be making your Will voluntarily
- The Will must be in writing
- You must be considered to be of sound mind when the Will is made
- You must sign your Will in the presence of two witnesses, who should not stand to benefit from your estate and must both be over 18 years of age
- Your witnesses must also sign your Will, in your presence
How Our Team Will Help You
When it comes to making a Will, your specialist solicitor at Stirling Ackroyd Legal can take care of the entire process for you. We can prepare and draft your Will, taking all of your wishes into account and offering clear, practical advice throughout. You can choose to appoint your own executors to administer your estate when the time comes, or we can take care of this as part of our service and store your Will for you once the process is completed.
Once your Will is signed, you can carry on with peace of mind. Please contact a member of our team if you would like to talk to us about making a Will.
Codicils / Amending a Will
A codicil will enable you to amend your current Will, without the need to start a new one. Adding a codicil can be a simpler and less expensive way of changing your Last Will and Testament without having to replace the entire document.
By adding a codicil, you can amend the details that were set down when you made your Will. You could use a codicil to add or to revoke a specific gift, or to change who will act as your executor.
The expert solicitors at Stirling Ackroyd Legal can advise you on all aspects of adding a codicil to your existing Will. In order to be valid in law, the codicil must be signed and witnessed and should be kept with your Will once it is completed.
The General Triggers To Amend Your Will
Every individual case is different, however situations when you may require a codicil could include following divorce or the dissolution of your civil partnership, after the death of a beneficiary, after moving home or selling your original property or if there has been an unexpected change within the family. For example, if someone else has since divorced and this has had an effect on who should or should not benefit from your estate.
If you are considering adding a codicil to your Will, please contact us and we will be happy to help.
Speak to a Solicitor today
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At present, there are three occasions upon which IHT may be charged: