Wills in Ayrshire
No one likes to contemplate their own death, or the death of their loved ones and this is why many people put off making a will.
It is estimated that around one third of people in the UK die without having made a valid will and without one the cost and time taken to administer your estate after your death could increase significantly. It could also lead to additional worry and stress for your loved ones at what is an already difficult time.
By making a will you decide what happens to your property and possessions after your death. It is the only way you can ensure your estate is passed on to the people you wish. Seeking expert advice can also help to minimise the portion of inheritance tax that is paid on your death.
Your will does not take effect until your death and therefore it is possible to make amendments to your will at any point in the future. In fact, it is strongly recommended that your will should be reviewed every few years or on any change of personal circumstances, for example, marriage in the family, children, grandchildren etc.
Making a will is simple, inexpensive and not time consuming, yet the benefits of having a will are significant. Not only will you have peace of mind that it is the people who you have chosen will both deal with and benefit from your estate, but also that your loved ones will not have the added stress and costs involved in dealing with an intestate estate.
The advantages of making a will are numerous. While it is easy to delay the preparation of a will, the benefits of having a professionally prepared will cannot be underestimated.
Can I draft my Own Will?
What happens if I die without making a will?
What is an Executor?
We can also assist in setting up and administering a trust. Trusts can become part of your life for many reasons and can be created to protect children, as a tax-planning tool or for charitable purposes. Whatever the reason for your trust, we would be happy to discuss your requirements with you. For more information, call us or click on one of the team below.