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Making a Will is a serious affair. When the Will comes into effect it will determine what happens to your property on your death, and a badly drawn Will can cause a lot of misery to your loved ones. For this reason it is important that your Will is drafted by a specialist and is kept up to date both with your wishes and the latest legal developments.

There are lots of good reasons to complete your Will

  1. To ensure that your chosen loved ones inherit your estate;
  2. To ensure that trustworthy people are distributing your estate and following your wishes;
  3. So that money held in trust for children is held by suitable trustees;
  4. To prevent claims against your estate from ex-spouses, or estranged children or other family whom you do not wish to benefit from your estate; and
  5. To ensure that for inheritance tax purposes your Will is structured in the most tax friendly manner.

Common excuses not to complete your Will

  1. I am far too young to make a Will – this is probably the most common reason, but if you are over 18, you are old enough to make a Will
  2. I am sure that there would not be a problem, they can sort it out themselves – unfortunately, in a high value estate, it is rarely dealt with conflict free
  3. I have nothing to leave – sadly we do often find we are worth more dead than alive and with life assurance policies and work death in service benefits, it is likely you have more to leave than you think. You may also need to consider other non-monetary arrangements, such as guardians to your children after your death
  4. I do not want to tempt fate – there is far greater risk in not having a Will than in having a professionally drafted Will which outlines your intentions and your wishes
  5. It is too complicated – not necessarily, only if your instructions are complicated
  6. It is too expensive – when you consider it will potentially determine where hundreds of thousands of pounds are going on your death and who will look after your children, it should be money well spent. It actually costs less than some visits to the dentists – and is certainly less painful! The truth is that if you do make a Will, you can avoid problems which may arise after your death, and save your family and friends money.

How Healys Can Help?

At Healys LLP we understand the natural reluctance you may feel towards making a Will. Our sympathetic solicitors are here to make your life easier and offer straightforward advice to help you through the process.

There are a lot of misconceptions regarding wills and the law, the most prominent of which is that on death your estate passes directly to your spouse. This is not necessarily true. Additionally, many people think that if they die without a Will (and are unmarried and without children) then their estate would pass only to a parent with whom they have contact and not to one from whom they are estranged.  Again, this is not true.

We are here to make your life easier and to take the stress out of completing your Will. We want you to leave our offices in the knowledge that your wishes are recorded,  your estate structured efficiently for tax purposes and that you can sleep at night knowing that your affairs are looked after.

If you need a solicitor to make a Will call us today for free advice on 01273 685 888 / 020 7822 4000 or email enquiries@healys.com.

Call Us Today
Call our London office on 020 7822 4000 or our Brighton office on 01273 685 888. You can also contact us online.
Call Us Today
London: 020 7822 4000 Brighton: 01273 685 888 Or you can contact us online: Contact Us
Making A Will capabilities
Making A Will experiences
  • We acted for Mrs. D who was rushed into hospital and found out that she only had a few days to live. She wanted to ensure her children inherited her estate as opposed to her husband, from whom she was estranged. We attended the hospital and took her instructions and completed her Will that day. Mrs. D sadly died the following day but thankfully, her estate did not pass to her estranged husband and instead her children inherited the estate- £2,000,000 in the first place. With the addition of the new Residence Nil Rate Band which came into force in April this year, Mrs. Q’s estate will no longer be liable to inheritance tax on her death. This saved the family £820,000 in inheritance tax.
  • Mrs O left her property to her son, Mr X. Mr X in turn left it to his wife, Mrs Y, but had failed to transfer the property into his name following the death of his mother. Mrs Y then died and, after some time, her beneficiaries decided to sell the property. However they were not able to do so as they did not have sufficient title to it (the property still being in the name of Mrs O). Healys successfully obtained a “grant de bonis non” in Mr X’s estate, authorising Mrs Y’s beneficiaries to deal with Mr X’s unadministered estate and resealing the break in the chain of title to the property. Mrs Y’s house was then able to be sold and her children received their rightful inheritance.
  • Mrs M died unexpectedly, without a Will, leaving an estate of £2,000,000. Her mother (Mrs Q), who is in her 80’s, inherits the entirety of the estate. Mrs Q also had assets of her own of £700,000 which meant her total estate was now totalling £2,700,000. This meant she now had a large inheritance tax problem on her hands, because on her death her estate would be subject to inheritance tax on anything over her tax-free allowance of £650,000. Mrs Q instructed Healys to advise her. We completed a Deed of Variation to divert the inheritance from Mrs M’s estate, to the effect that it would not be divided between Mrs Q, Mrs Q’s children and her grandchildren. As the Variation was completed within 2 years of Mrs M’s death, HMRC viewed this as if Mrs Q had never inherited the £2,000,000 in the first place. With the addition of the new Residence Nil Rate Band which came into force in April this year, Mrs Q’s estate will no longer be liable to inheritance tax on her death. This saved the family £820,000 in inheritance tax.
Making A Will insights
  • Bank Fined For Failure To Distribute Assets To Beneficiaries

    9th January 2019

    Recently, Santander was fined more than £30 million for failing to distribute more than £180 million held in deceased customers’ accounts to their personal representatives or entitled beneficiaries. More than 40,000 account holders were involved in a problem that persisted for years, leading to an investigation by the Financial Conduct Authority (FCA). Continue reading »

  • Probate Charges To Be Increased For Larger Estates

    7th January 2019

    Proposals to link the cost of being granted probate over an estate valued at more than £5,000 (currently fixed at £215 for those applying individually or £155 if applying through a solicitor) to the value of the estate were announced in 2017 but were quickly dropped amidst a storm of protest. Continue reading »

Making A Will awards
Making A Will news
  • Two Healys Lawyers Ranked As Leaders In Their Fields

    5th November 2018

    Healys is proud to announce that, for the third year running, the legal directory Chambers & Partners has ranked Head of Professional Negligence, Robert Johnson, as a “Leader in the Field”. Newly appointed Corporate partner, Karen Lord, has also been recommended. Continue reading »

  • Healys Autumn Drinks 2018

    After another great year, Healys LLP, a leading law firm, with offices in London and Brighton held an informal Autumn drinks reception to thank many of their long standing clients and supporters. Continue reading »