Wills & Estate Planning
Assisting with the creation of wills and providing guidance on estate planning to ensure the client’s wishes are fulfilled, while adhering to the relevant laws and regulations governing wills and estate planning in the UK.
What is a will?
A will is a legal document that outlines how you want your assets and possessions to be distributed after your death. It also allows you to appoint guardians for minor children, specify funeral arrangements, and name an executor to administer your estate.
Why is estate planning important?
Estate planning allows you to have control over the distribution of your assets, minimize tax liabilities, protect your loved ones, and ensure your wishes are carried out. It helps provide financial security and peace of mind for you and your family.
When should I create a will?
It is advisable to create a will as soon as possible, especially if you have dependents or significant assets. Life events such as marriage, having children, or acquiring property are common triggers for reviewing and updating your will.
Can I write my own will without legal assistance?
While it is possible to write your own will, it is recommended to seek legal assistance from a solicitor. They can ensure your will is legally valid, clear, and properly executed, reducing the risk of errors or disputes that may arise from a self-drafted will.
What is estate planning beyond creating a will?
Estate planning encompasses a broader range of strategies and legal tools to manage your assets during your lifetime and after your death. It may include trusts, tax planning, charitable giving, powers of attorney, and advance healthcare directives.
Can a will be contested after someone’s death?
Yes, a will can be contested, but the process is complex and subject to specific legal grounds. Contesting a will usually involves proving that the will was not properly executed, the testator lacked capacity, or there was undue influence or fraud involved.
What happens if I die without a will?
Dying without a will, known as dying intestate, means your assets will be distributed according to the laws of intestacy. This may not align with your wishes and can cause delays, additional costs, and potential disputes among family members.
Can I change my will after it is created?
Yes, you can change your will by creating a codicil, which is a legal document that amends your existing will. Alternatively, you can create a new will that revokes the previous one. It is important to regularly review and update your will to reflect changes in your circumstances or wishes.
Can I include specific instructions for my funeral arrangements in my will?
Yes, you can include specific instructions for your funeral arrangements in your will. However, it is advisable to communicate these instructions to your loved ones directly or through a separate document that is readily accessible.
How can Sky Solicitors assist with wills and estate planning?
Solicitors at Sky Solicitors can provide comprehensive assistance with wills and estate planning. They can help you draft a legally sound and tailored will, advise on estate planning strategies, guide you through tax implications, establish trusts, and provide support in probate and estate administration matters.
The information provided in these FAQs is for general informational purposes only and may not reflect the most current legal standards or interpretations. Laws and regulations regarding leasehold enfranchisement are subject to change, and the specific circumstances of each case can impact its outcome. It is advisable to consult with a professional legal service provider like Sky Solicitors to obtain up-to-date and tailored advice based on your individual situation. Sky Solicitors can assess your case, provide accurate information, and guide you through the leasehold enfranchisement process in accordance with the most current laws and legal provisions.