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Wills 

Why it is important to make a will :-

• If you die without a will, there are certain rules which dictate how your money, property or possessions should be allocated. This may not be the way that you would have wished your money and possessions to be distributed.

• Unmarried partners and partners who have not registered a civil partnership cannot inherit from each other unless there is a will, so the death of one partner may create serious financial problems for the remaining partner.

• If you have children, you will need to make a will so that arrangements for the children can be made if either one or both parents die.

• It may be possible to reduce the amount of tax payable on the inheritance if advice is taken in advance and a will is made.

• If your circumstances have changed, it is important that you make a will to ensure that your money and possessions are distributed according to your wishes. 

For example, if you have separated and your ex-partner now lives with someone else, you may want to change your will. If you are married or enter into a registered civil partnership, this will make any previous will you have made invalid.

Did you know that most people die “intestate”, meaning they never actually made a will. This means that in effect, they are leaving the law to sort out their affairs when they die. The estate is distributed according to set rules, without any regard for what the individual may have intended. At worst, this could mean loved ones receive nothing and long-forgotten relations receive all.

How we can help?

Wills do not take long to prepare and they are inexpensive. The benefits, both financial and emotional can be beyond measure. Making a will allows you to decide exactly what happens when you die. In many instances, a will can dramatically reduce your liability to Inheritance Tax. It can also prevent bitter family disputes and afford you peace of mind. Wills are not just for the old and infirm. Anyone who is married, in a civil partnership, living with a partner or has children should make a will. We will help you to ensure a smooth transfer of wealth from one generation to the next, and enable you to exercise as much choice and control as possible over your financial affairs.

Services we offer:

• Writing a Will

At Joseph & Khan Solicitors we will listen to you and take time to understand your individual requirements in order to provide innovative and tailored solutions for all your planning needs. 
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