Making a Will

Making a will

Learn About Making A Will

Why making a Will is so important

Throughout our adult lives we are encouraged to take the time to write our Wills. This is so important, for the following reasons:

  • If you die without a Will, there are rules which will dictate how your Estate (money, property, land, other possessions) should be allocated. When you make a Will your wishes are very clear.
  • If your current Will is poorly drafted or is out of date (does not take into account your current circumstances), there is no guarantee your assets and possessions will pass onto those people you wanted to inherit from you. This can cause more stress and perhaps financial difficulty for those left behind. Disputes relating to Wills can be costly and time consuming to resolve.
  • When drafting your Will you can also state who you wish to be responsible for distributing your assets and, if needed, identify who will be the guardian of your children, if they are under 18 years of age.
  • Unmarried partners and those partners who have not registered a civil partnership cannot inherit from each other unless they have a Will. Not having a Will may create serious financial problems for the remaining partner.
  • You may be able to reduce the amount of inheritance tax payable if you take advice in advance of your death and a Will is prepared.
  • Your circumstances may have changed, for example you may have separated and your ex-partner is living with someone else.

Why Choose Osbornes Law to help you draft your Will?

  • Our specialist team comprises highly experienced solicitors. Osbornes Law is regulated by the Solicitors Regulation Authority and [a number of our lawyers belong to the Society of Trust and Estate Practitioners (STEP).
  • Our Will writing services are affordable and our teams are highly efficient in drafting with very little fuss.
  • We can prepare wills specifically tailored to your circumstances, and can advise on matters such as the ownership of companies, digital assets, literary and intellectual property estates, and foreign property. We can also take steps to avoid a potential dispute arising.

How Osbornes Law can help with drafting your Will?

Specialist Will writing solicitors

Call us to discuss your particular needs and situation and we match the right specialist solicitor to assist you and guide you through the process.

Available to discuss your requirements and any concerns

To arrange an appointment

Telephone: 020 7485 8811

Email: willsonline

Our Will questionnaire is available here to complete and return to willsonline@osbornes.net

We will be in contact with you as soon as you send in your completed questionnaire.

Frequently Asked Questions about Making a Will

What age should I be when I make my Will?

To make a Will in England and Wales you must be 18 years or over. There are only two categories that are legally allowed to make a Will under the age of 18 – soldiers on active duty or sailors at sea. There is no upper limit to making a Will but you must be of ‘sound mind’. The legal term is ‘sound testamentary capacity’, which means you understand the extent of your estate and that you are giving your assets to particular beneficiaries. You may feel that when you are making your Will, your mental capacity may be questioned. If you feel this may be the case a medical practitioner may be asked to confirm that you have capacity.

Do I need a solicitor to write a Will?

If you wish to make a Will yourself you can do so. Your Will does however need to comply with the Wills Act 1837 to be valid. Our specialist team have, over the years, dealt with disputes surrounding homemade Wills and those prepared by untrained and unregulated Will writers. Disputes can be time consuming and costly to resolve and in some circumstances, disputes can only be resolved by the courts.

What should I consider when making a Will?

Personal information: bring together all key and relevant personal information

Your assets and possessions: What items of value do you own. This can include digital assets such as social media accounts Bring together a full list – you may wish to use our questionnaire to help with the process

Who will be your beneficiaries? You will need to consider who you wish to bequeath items to. You may wish to leave everything to one person but, thought must then be given to what happens to your estate should the main beneficiary die before you.

Specific giftss: You may wish to leave personal items to certain people or organisations. Full details (names and addresses of all your beneficiaries will be needed)

Donations and Gifts to charities: These are normally exempt from Inheritance Tax.

Executors: You will need to consider and decide who to appoint as your Executors, who will deal with your affairs following your death. This is an important role so it is important to choose someone who is trustworthy and capable of the task. One or more people can be chosen. If you would prefer a professional to undertake the task or are struggling to think of someone who you know to take on the role, you may appoint a professional Executor. Osbornes accept executorship appointments.

Children: provisions will need to be made if you have children under the age of 18. These provisions include naming a Guardian to be responsible for your children and putting in place financial arrangements such as a Trust.

Other Wishes: Within your Will you will have the opportunity to detail any other wishes you may have. These may include particular wishes you have regarding your funeral.

What happens if I don’t make a Will?

Making a Will is the only way that you can make sure your money, property, possessions and investments go to your family, friends, other people and causes you care about. Your property, possession and investments are known as your Estate.

What is the cost of making a Will?

We offer a fixed rate charge of £500+VAT for the preparation of a straightforward Will. However, if the Estate and requirements are more complex, for example tax, or asset advice is needed, or there are assets abroad then an hourly rate will be charged. This will be discussed and confirmed with you during your discussions with your solicitor.

 

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Making a Will

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Introducing Your Wills, Probate & Disputed Estates Legal Team

Osbornes has an experienced team of specialist wills-probate-disputed-estates lawyers to assist with your case / situation

Making a Will

Camden

Livery House, 9 Pratt Street, London NW1 0AE
Tel: 020 7485 8811 Fax: 020 7485 5660
DX Number 57053 Camden Town

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28A Hampstead High Street, Hampstead, NW3 1QA
Tel: 020 7485 8811 Fax: 020 7485 5660

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