Disputes in relation to deceased estates are increasing. You can reduce the likelihood of disputes in relation to your estate by having a will prepared.
Stratford Solicitors are experts in this area. Nick Stratford is a registered trust and estates practitioner and has been described as the expert’s expert. Also as a part-time university lecturer he provides continuing professional development for other solicitors in this area of law.
The reasons why you should consider having a will prepared by Stratford Solicitors include the following:
- You determine who receives your assets. If you do not have a will the distribution of your assets is determined by the Administration of Estates Act.
- You can appoint the executor(s) of your will; these are the people who administer your estate after you have died.
- If you are cohabiting with someone and do not have a will, under the Administration of Estates Act, they will receive nothing. This means they could be evicted from your/their home. In a will you can make provision for them.
- You can plan to mitigate nursing home fees via your will.
- You can plan to mitigate Inheritance Tax via your will.
- You can set up trusts to ensure that both your spouse from from a second marriage and any children from a first marriage are adequately provided for.
- You can appoint guardians for any infant children in your will.
- You can confirm your funeral wishes in your will.
- You can make specific gifts in your will.
- Making a will is common sense and less expensive than you may think.