Wills

The Importance of a Properly Drafted Will

A well-prepared Will records your wishes and empowers you to determine how your property and possessions are distributed after your death. Without a valid Will, your personal intentions may be overlooked, leading to outcomes that might not reflect your values or protect your loved ones.

Risks of Not Having a Will

Distribution by Law: In the absence of a Will, your assets will be divided according to statutory rules rather than your specific instructions, meaning your estate may not be allocated as you intended.
Unprotected Partners: Unmarried partners or those not in a registered civil partnership will not automatically inherit from your estate, potentially leaving those closest to you without the financial security they deserve.
Missed Tax Planning Opportunities: A thoughtfully drafted, tax-efficient Will can help reduce your inheritance tax liability. Without one, you may lose valuable opportunities to minimise the tax burden on your estate.
Asset Protection Concerns: Preparing a Will offers a chance to consider measures that protect your assets from potential care home fees and the financial implications of subsequent marriages, ensuring that your wealth is preserved for future generations.
Childcare Arrangements: For parents of children under 18, a Will provides the opportunity to clearly document your wishes regarding guardianship and care. Without this, important decisions regarding your children’s future may be left to the default legal framework, which might not align with your desires.

Investing the time to create a comprehensive Will not only secures your legacy but also provides peace of mind, knowing that your wishes will be honoured and your loved ones are looked after. Gallingtons Law is here to ensure that every detail reflects your intentions, offering you expert guidance every step of the way.

Would you like to explore further how a professionally drafted Will can be tailored to your personal circumstances, or perhaps discuss additional estate planning strategies?

A detailed close-up photo of a hand signing a formal document with a pen, creating a professional agreement.

Your Future Matters

Let us help you secure peace of mind for you and your loved ones.

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