Wills

Most people make assumptions about what will happen to their property and belongings after their death, which are based on everything but reality. Common assumptions are:

• I don't need a Will, my partner knows my wishes and can deal with it when I die!

• I don't own much and after all, Wills are for millionaires!

• There's only the two of us alive anyway so when I die my partner will get everything!

• I'm divorced so I have nothing to worry about as far as a Will is concerned!

• It's a depressing subject and I would rather leave it until I get old!

• Making a Will is just another sales pitch from lawyers!

• A Will is a waste of money!

Sadly, nothing could be farther from the truth. If you die without a Will, even if you own nothing, it can have very damaging repercussions on those very people you care for the most. A Will is not a depressing subject, despite the common perceptions, it's actually a way of saying 'I care'!

A Will can determine all of the following and more:

• Whether you will be buried or cremated

• Whether your organs are to be donated and for what

• Who will administer your estate and carry out your wishes

• Who will look after moneys to be invested for children until they are old enough to manage their affairs

• Who will give your children a home and make their life decisions for them

• Who will look after your pets

• Who gets what and when and in what shares

• How your business will be run or divided after your death

• How to avoid unnecessarily leaving your estate to the Taxman

• Preventing the Crown from walking off with almost everything you own, because if you don't have a Will, often the only inheritor will be the Crown (the Government) and your partner could be left looking for accommodation!

You can save anything from a few hundred pounds to millions, with a carefully drafted Will and, you can lose the lot without one.

Mansouri & Son Solicitors can help you make your Will and protect your loved ones for a simple flat fee of £50 plus VAT for a straightforward single Will and £100 plus VAT for straightforward mirror Wills for husband & wife. That's the costs of a dinner for two, in return for total peace of mind.

Wills and divorce - the consequences

Few people realise that a divorce has no effect at all on inheritance, but marriage changes everything, even to the extent of nullifying a previous Will. You should ensure that you make a Will immediately after marriage or divorce and keep it updated through your life as things change. This is all the more the case where you may have step-children or are living with a new partner after a broken marriage.

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