Wills & Probate
WILLS & PROBATE SOLICITORS LEICESTER
Leicester Wills and Probate
Why bother making a will ?
There are many benefits of making a will.
- Easing the burden on your family and loved one by pre-empting disputes over inheritance – Without a will, you estate will be divided according to intestacy laws. These laws will divide your estate in ways that may be unexpected and not in-line with your intentions, which could create family disputes over inheritance.
- Avoiding or lessening the burden of inheritance tax – By not making a will, your estate could be subject to inheritance taxes. Making a will allows you to consider tax efficient trusts and ways of avoiding tax by giving gifts, for example.
- Giving gifts to charity
- Making sure grandchildren and young children benefits – if you have young children, you can choose who will act as their guardians should they pass away. You can also make sure that young children benefit from your estate by setting up a trust on their behalf, which can be used for some pre-decided purpose, such as their general welfare or education.
- Making your own funeral arrangements
How Leicester solicitors can help
Leicester provides a comprehensive wills and probate service. We can help you with:
- Will writing and general will advice
- Avoiding or lessening the burden of inheritance tax
- Choosing your executors
- Creating trusts for young children
- Charitable donations
We can also make sure your will is properly and safely stored and will be available should it be needed.
Advice for Executors
Leicester solicitors also provide advice to executors who need to apply for Grants of Probate to have funds that held in financial institutions. We also provide advice regarding general legal issues regarding your duties and obligations as an executor.
Advice for families ?
Disputes over inheritance can be stressful. If you are currently having a dispute and want to find out where you stand and take steps to resolve your dispute, please get in touch with Leicester solicitors.
Time to update your will ?
You should update or review periodically – every five years or so is recommendable. However, if big events in your life occur, such as marriage, the birth of children or you acquire expensive assets (such as land), you should update your will as soon as possible.