It can be daunting to think about preparing a will, but it need not be complicated. A will acts as insurance against family argument or the breakup of the personal and business assets that you have carefully built up during your life.
Without a will the intestacy rules apply, which means that blood relatives who you may not have intended to inherit from your estate could benefit from it, even if you are married.
You can also ensure that people you trust look after your affairs after your death, including guardians if you have children or dependents under the age of 18.
By clearly recording your wishes you can avoid expensive litigation and ensure that you do not pay tax unnecessarily.
You can also leave gifts to your partner, step children, friends, and charities and set up trusts to protect the people you love, whether they are your spouse, young children, or disabled or elderly relatives.
Under English law a will must be in writing and signed by the person creating the will in front of two witnesses, all present at the same time. There must be no doubt as to what your intentions are, so the will must be very carefully drafted to ensure that it will be valid and stand up to any claims.
Vardags can advise what should and should not be included to reflect your individual circumstances. We can also act as Executors if required.
Even if you already have a will it is worth reviewing it to make sure it still reflects your wishes and current legislation.
The first step is to arrange a meeting with one of our solicitors.
Vardags Limited is a limited company trading as Vardags, Company No 7199468, registered in England and Wales, having its registered office at 10 Old Bailey, London EC4M 7NG. Vardags is authorised and regulated by the Solicitors Regulation Authority (SRA Number 535955). Its VAT number is 99 001 7230.
Vardags uses the term ‘Partner’ as a professional title only, to describe a Senior Solicitor, Employee or Consultant with relevant experience, expertise and qualifications (whether legally qualified or otherwise) to merit the title. Our Partners are not partners in the legal sense. They are not liable for the debts, liabilities or obligations of Vardags Limited. Similarly, the term ’Director’ is a professional title only, to describe a non-legally qualified employee or consultant of Vardags with relevant experience, expertise and qualifications to merit the title. It does not necessarily imply that the relevant individual is a director of Vardags Limited.
A list of the directors of Vardags Limited and a list of the names of those using the title of ’Director’ and ’Partner’ together with their official status is available for inspection at Vardags’ registered office.