The Will Advice Company

Advisory Will Service

Here at The Will Advice Company, we recognise that personal circumstances may be complex and may change over the years. As such we always recommend that existing Wills are reviewed every 3-5 years to ensure that they continue to reflect a person’s wishes. Listed below are possible life events/circumstances whereby a Will should be made or an existing Will reviewed.

• Single Persons – Making a Will is the only way to ensure that an estate passes to the intended beneficiaries. Personal possessions can be left as directed, cash legacies made to individuals and charity, and any funeral wishes noted.
• Unmarried Couples/Partners - Under the rules of Intestacy, un-married couples/partners do not automatically inherit each others estates. It is therefore crucial that they make Wills to ensure that their estates pass as they would wish.
• On Marriage – Under the rules of Intestacy, married couples may not automatically inherit each others estates. It is a common misconception that a surviving spouse would inherit the entire estate and therefore essential that married couples make Wills.
• Birth of a child – Making/updating a Will allows a parent to appoint a legal guardian for a child.
• Divorce/Separation – Due to these circumstances, most people need to make a new Will or update an existing one to ensure that their estates pass as they would wish.
• Older Couples or 2nd Marriages - Many older couples may have concerns over possible future residential care fees or nursing home costs and those in second marriages may wish to protect their estate for their own children. There are different types of Trusts within Wills that can protect assets in these circumstances.
• Disabled Child – Specialist Trusts within Wills can be used to provide for the needs of a disabled child.
• Changes in Government Legislation - Changes in October 2007 with regard to Inheritance Tax for Married couples, have left many couples wondering whether their existing Wills are still appropriate. We strongly recommend couples review their arrangements to ensure that they have the right Will in place.

Please contact the Will Advice Company to discuss your needs

1st Floor, Rawdon House, Green Lane, Yeadon, Leeds, LS19 7BY       Tel: 0113 3911 481