assist@ellisjones.co.uk
Wills - Making a Will
Wills - Making a Will
Can you believe that over 70% of the UK population does not have a current Will that is an accurate reflection of their financial circumstances and the personal choices at the time of their death? Making a Will creates certainty, reduces worry and gives you the peace of mind of knowing exactly how your money, property and possessions will be dealt with after your death.
A Will guides those who are left behind and saves worry and heartache at a time of great emotional stress. Making a Will is usually the first step to take in structuring your affairs in order to minimise your liability for Inheritance Tax.
Our services include :-
Our services include :-
· Gifts to members of your family
· Issues in Wills such as guardianship, adoption and divorce - including contact and residence issues relating to children.
· Preparation of Wills, trusts and deeds
· Reviewing and amending Wills
· Obtaining grants of probate and letters of administration
· Winding up and distributing estates
· Advising in disputes arising after a death
· Preparation of lasting powers of attorney both for welfare and financial
Wills & LPAs Questionnaire
For a no obligation estimate of our fees or to have one of our specialists contact you to discuss your specific requirements, please complete the questionnaire below and email it to assist@ellisjones.co.uk or post it to our Ringwood office (address at the foot of this page).
For more information, please telephone:
01202 709898 or 01425 484848
What happens if I die without a Will?
This is called dying intestate. In that case, the law says who should receive what you owned when you died (your estate). There is a strict order regulating who can apply for a Grant of Letters of Administration in order to deal with your estate.
YOUR STATUS:
(1) Married with children: If you are married with children, anything up to £250,000 goes to your husband/wife. The rest is split in two. The children get half immediately (put into a trust for them if they are under 18). The other half goes into a trust. Your husband/wife gets the income produced by the trust. When he/she dies, the trust is wound up and the contents of it go to the children. Your husband/wife can choose to have a lump sum instead of the right to income, based on his/her life expectancy.
(2) Married without children: If you are married without children, it depends whether certain other relatives are alive. They are your parents and your brothers and sisters and any issue of theirs. If so, your husband/wife only gets up to £450,000 and half of any balance over that amount. The rest goes to your parents or, if they are dead, to your brothers and sisters or their issue.
(3) Married without children or parents: If you are married without children or parents, and have no brothers & sisters and no issue of brothers and sisters are alive, then your husband/wife gets everything.
(4) Unmarried: If you are unmarried, your closest blood relatives share your estate. Once a 'class' of relatives is reached, all 'lower' classes are excluded.
The order is:
Issue (if a parent is alive, his issue are excluded)
Parents
Brothers & sisters (or their issue if they have died)
Half brothers & sisters (or issue if they have died)
Grandparents
Uncles & aunts (or issue if they have died)
Half uncles & aunts (or issue if they have died)
The Crown
Call: 01202 709898 or 01425 484848
Email: assist@ellisjones.co.uk
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