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penners28
12:33 Wed Jul 11
Re: Legal Eagle question - making a will...or not. Help/advice please
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Free will month is coming up (nov I think). Deffo worth getting one done. we did it recently and they bring up loads of things you dont think about...
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J.Riddle
12:32 Wed Jul 11
Re: Legal Eagle question - making a will...or not. Help/advice please
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As CR says get a property lawyer to advise you regards trusts depending to the amount. Trusts can protect assets left to children from divorcing partners, nursing home costs, IHT, etc.
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CR
12:17 Wed Jul 11
Re: Legal Eagle question - making a will...or not. Help/advice please
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It’s worth thinking about what happens if your spouse survives you and remarries. In this event your estate could eventually end up out of the hands of your children. Sometimes a living interest will is the way to go. It allows your spouse to live in the house benefit from others properties etc. but the estate will end up with your heirs.
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Dr Moose
11:59 Wed Jul 11
Re: Legal Eagle question - making a will...or not. Help/advice please
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I'm not a legal eagle but will offer an opinion to help you.
With no will your estate will go into probate meaning the state will take ages before your kids can sell your house and split the money. Get yourself to a solicitor and make one, they usually charge £80 - £100 for their services, put in that if your wife survives you she gets the house, if not then it goes to the kids (saves making another will if your partner dies before you), you may also want to make a small provision for any Grandchildren, although don't evenly split the house between them all as my old ma was going to do till I pointed out that its not right that my inheritance is reduced by 50% because I don't have children and my sister has 2 (but enough of my whining).
Once done either keep it in your bank or in a fire proof case in your house and tell the kids where you have put it so they can crack on and sell the house.
HTH
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Hugh Jampton
11:54 Wed Jul 11
Re: Legal Eagle question - making a will...or not. Help/advice please
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Definitely best to get one done as it saves any ambiguity or hassle later. Got mine done using Will Aid - https://www.willaid.org.uk/.
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Iron Duke
11:51 Wed Jul 11
Re: Legal Eagle question - making a will...or not. Help/advice please
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I would go to a high street solicitor and get it done properly for £100-200.
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madeeasy
11:47 Wed Jul 11
Re: Legal Eagle question - making a will...or not. Help/advice please
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It is always easier to have one as it saves arguments when you've gone and any trouble. best thing to do is maybe share your wishes when you're alive so the kids know.
You can download and do your own will. very simple to do
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