Will Making Services
At Supreme Law Solicitors, we offer a comprehensive Will Making service that guides you through all the options and gives you peace of mind that your family are protected from unnecessary complications from the inheritance you leave them. While there are options for writing your own will, using a solicitor can bring added benefits. including legal protection, specialist knowledge and reassurance you’re in safe hands.
Read through our FAQ section below for more details and get in touch to arrange a consultation.
What is a Will and why do I need one?
A will is a legal document that tells everyone what should happen to your money, possessions and property after you die (collectively known as your estate). If you fail to leave a will, the law will decide how your estate is divided and this may be contrary to your wishes.
What is an executor and how do I choose one?
An executor is the person responsible for carrying out the instructions in your will when you die. You can choose whoever you want to do the job, but it is important to make the right choice and select someone you trust. It can be a complicated process even if your instructions are straightforward, and the process can in some cases take several months.
You can choose anyone aged 18 or above to be your executor, and you can nominate people named in your will. It is common for people to choose their partner or one of their children to be an executor. It is considered a good idea to choose two executors in the event one of them dies before you do. You may choose to nominate one family member and one legal professional to provide specialist support.
What should I include in my Will?
Before you start the process of writing a will, you should decide how you want to divide up your estate. You may wish to include your partner, children, friends or charitable organisations. You should then make a list of your assets and their approximate value. Lastly you should consider sentimental items and who you would like to leave them to.
What about Inheritance Tax?
If you are single and your estate is valued at below the tax threshold (currently £325,000) then there is no Inheritance Tax to pay. If the value of your estate goes over the £325,000 limit, then Inheritance Tax will have to be paid at 40% of the extra value only.
How much does it cost?
The cost of a will varies depending on its complexity. Book a consultation today to discuss your requirements.