Making a Will
Making a Will is the most important thing you can do to ensure that your wishes are followed after you die. It is common for people to put off making a Will because they think they are not old enough or because they do not have much money. In fact, everyone could benefit from making a Will, particularly if you have children or property that could attract inheritance tax. If anything, leaving a Will can make probate a lot easier for your loved ones and give them peace of mind that they are respecting your final wishes.
At Symes Bains Broomer, our team of skilled and dedicated Wills solicitors have considerable experience writing Wills on behalf of individuals across Lincolnshire and East Yorkshire.
When you instruct us, you can expect a personal, high quality service for a proportionate price. We are happy to offer the majority of our clients fixed fees so you can approach the Will writing process in full knowledge of how much it will cost. We can also store your Will for free so that it is safe and easily accessible when your loved ones need it.
For more information about our fixed fee Will writing services, get in touch by giving us a call at your local branch in Scunthorpe, Goole or Howden or by filling in our online enquiry form for a quick response.
What our Will solicitors can do for you
Wills are hugely important documents, so to ensure that your Will is valid we would always recommend using qualified professionals such as ourselves. We will ensure that you receive full advice on associated issues such as:
- Reducing inheritance tax wherever possible
- Providing for children and vulnerable beneficiaries, including appointing guardians to look after them if you and their other parent or guardians die while they are under 18 years old
- Minimising future costs to your estate
Here’s how our service works:
- We start the process by arranging a face to face meeting to discuss your personal circumstances and to get to know your wishes
- We will advise on the options available to you in order to implement those wishes before providing you with a draft for your approval
- In the majority of cases we do all of this on the basis of a fixed fee price so that you have the certainty of the costs that will be involved.
Crucially, our firm will ensure that your Will is validly executed and we offer the service of storing your Will for free. In some situations, we are asked to be a professional executor in a Will and this is something that we would be happy to do. If you wish to have an initial, no obligation meeting to discuss your current circumstances then please call your local office in Scunthorpe, Goole or Howden.
Why make a Will?
Below are just some of the reasons to make a Will:
Make sure your assets are distributed according to your wishes
Failing to make a Will could result in your money and property being distributed in a way that you do not agree with. Even if you think you know where your money will go, only by making a Will can you truly be sure.
If you die without making a Will, your assets will be distributed according to the Rules of Intestacy. Only a limited amount of people are allowed to inherit under these Rules. For example, unmarried partners cannot inherit, no matter how long you have been together.
Avoid family disputes
If you do not leave clear instructions about your wishes, people who you may not wish to inherit, such as estranged adult children, will have more scope to challenge your estate and claim an inheritance. This could potentially reduce the inheritance of the people you do want to benefit.
Contentious probate disputes can significantly damage a person’s estate by drawing out the probate process and incurring thousands of pounds worth of legal fees. When family is involved, parties are often tempted to fight until the bitter end regardless of cost. For the sake of your loved ones, such disputes are best avoided altogether.
By writing an unambiguous Will and communicating your wishes to your loved ones while you are alive, you could avoid a considerable amount of conflict after you have gone.
Executors are the people who will deal with your estate after you die (estate administration). It is always a good idea to appoint people you trust to get the job done efficiently and accurately so that your loved ones receive their inheritance as quickly as possible.
Appoint guardians for your children
Making a Will isn’t just about divvying up money, you can also use it to do things like appoint guardians for your children. These people will step in to raise your children if you and everyone else with parental responsibility die before they turn 18 years old.
If you do not appoint guardians, the family court will make a decision about who will look after your children according to what they consider to be in the children’s best interests.
Provide for children and vulnerable loved ones
If you have loved ones who are not able to look after their own inheritance, you can use your Will to put money into trust for them. The trust will protect their money and can provide for specific things like, paying for their education or care. This could include step children who would be unable to inherit under the Rules of Intestacy.
Minimise inheritance tax
Inheritance tax can claim up to 40% of your estate after your tax free threshold (currently £325,000). Because of rising property prices, more and more people are becoming liable for inheritance tax. We can help you take advantage of the many reliefs and exemptions available. In some circumstances, we are able to help individuals eradicate inheritance tax altogether.
Leave money to charity
The Rules of Intestacy do not allow legacies to be left to charities, even if you vocally supported a charity for many years. Only by leaving a Will can you ensure that your favourite causes are supported.
Should I update my Will?
We recommend that all individuals have a Will and that you should review your Will at least every three years but also when any major changes occur in your life. For instance, we can advise you on the consequences of marriage, remarriage, separation or divorce. We also think it is vital that cohabiting couples make a Will as they currently do not receive the same legal protection as married couples.
Why choose our Will solicitors?
Our Wills and Probate Team have many decades of combined expertise. Our focus is on providing the highest quality of legal advice combined with a personal touch. We will take the time to understand your needs and deliver advice in clear, understandable English. Here’s just a few more reasons why we may be the right solicitors for you:
- You will be assigned your own personal lawyer who will be primarily responsible for your matter. The same person you speak to during your first consultation will be the same person putting your wishes into writing, ensuring consistency and accuracy
- We will provide you with a personal phone number and email address for your lawyer so you can quickly get in touch with any questions or concerns
- We can guarantee that the final document will be legally valid and extremely difficult for anyone to challenge. Therefore, you can be confident that your wishes will be fully respected after you are gone
- We can offer the vast majority of our clients a fixed fee Will writing service so you can trust that what we quote at the beginning of your service is what you will pay at the end
Our pricing for fixed fee Wills and Lasting Powers of Attorney
Simple single Will - £100 +VAT for one person
Simple Mirror Wills - £180 +VAT for two people
Life Interest Trust Mirror Wills - £300 +VAT for two people
Lasting Powers of Attorney (LPAs)
Single LPA for one person - £450 +VAT
Both types of LPA for one person (Property & Financial Affairs and Health & Welfare) - £550 +VAT
Single LPA for two people - £550 +VAT
Both types of LPA for two people - £1,000 +VAT
Get in touch with our Will solicitors in Scunthorpe, Goole and Howden
For more information about our fixed fee Will writing services, get in touch by giving us a call at your local branch in Scunthorpe, Goole or Howden or filling in our online enquiry form for a quick response.