The Value of a Will
Life is an unpredictable journey, things happen that you cannot always be unprepared for. Circumstances that may lead to loss of life are difficult to contemplate, but the thought of your friends and family struggling with no guidance or support can be harder. Leaving a will provides peace of mind as it helps to ensure that your loved ones will receive everything you wish to leave them.
What Is a Will?
A will is a crucial legally bidding plan of action that contains a number of important factors such as money, property, inheritance, probate, estate, power of attorney and trusts. The details of a carefully thought out and established will outline who is entitled to these assets and why, they must be fulfilled after the subjects departure by all trusted members and professionals (solicitors). For any last requests that you want to be taken care of in your absence, a will can also provide specific instructions to those you have selected to carry out your final wishes. For instance, you may ask a relative to place your property on the market if they cannot use it, or you could request your trustee to provide your loved ones with finances at a certain date, so long as they are not dependant on it.
The Trouble With an Unclear or Absent Will
Here at Whiterose Blackmans Solicitors LLP, we understand that many individuals are hesitant to approach the subject entirely, but the uncertainty left by an absent or unclear will can have a significant impact on loved ones or any other trusted associates.
Contesting is a common action against wills that may be deemed invalid or do not represent the requests of the departed in any way, this may be due to a mistake or, in serious cases, forgery. For more information on why you would contest a will, please read ‘contesting a will’ and find our team of solicitors if you feel that you have a case.
An absent will can be more troublesome however, and could potentially divide your friends and family through legal disputes, long-standing rivalries and conflict over their right to inherit specific assets. In cases such as this, the law will have no choice but to distribute your estate accordingly to whoever is considered to be the most appropriate inheritor. Ordinarily, relatives are the initial option, but family members can often find themselves in court attempting to seize any finances, possessions or property that have been left to an untrustworthy associate. In situations that involve divorce or family law, children and young adults are often the most affected as inheritance disputes can result in them losing financial assets that they may very well be entitled to.
Find Will Writers in Leeds
For cases that require professional legal support, visit Whiterose Blackmans Solicitors LLP. Based in Leeds, our dedicated team of solicitors are here to oversee any case related to family, divorce, criminal defence, immigration, claims, civil litigation, commercial litigation and, of course, wills and probate. For further information on wills solicitors in Leeds, please contact us by phone (0113 2165507), email or visit us on Facebook, Twitter and LinkedIn. Also, remember to read our reviews at Review Solicitors.
Our wills and probate services include:
- Preparation Of Wills, Trusts & Deeds
- UK & International Probate
- Court of Protection Applications
- Applications to the High Court
- Claims under the Inheritance (Provision for Family and Dependants) Act 1975.
- Reviewing and Amending Existing Wills
- Executorship Disputes
- Challenges to Wills
- Interpretation of Wills
- Lasting Powers Of Attorney (LPA)
- Claims on behalf of beneficiaries
- Inheritance Tax Planning
Why should you make a will?
There are many reasons why making a Will is important and ensuring it is up-to-date. These include:
- -If your financial situation changes significantly
- -If your circumstances change for example you get married, become a parents or get divorced
- -Where you want to find ways to protect assets from inheritance tax through creating of trusts etc.
- -If you need to make provision for a vulnerable relative
- -To ensure that your estate is divided according to your wishes
Get in touch to discuss your Will
Our solicitors in Leeds are on hand to help you with changing your existing will or creating a new will, probate and estate and tax planning. Contact us today.