Every individual should have a Will. Putting a Will in place is the only way to ensure that your estate goes to those you wish to benefit. On the other hand, having no Will, or even a poorly drafted Will, can cause unnecessary distress and expense to your family at an already stressful time.
With the dynamics of family life becoming more complex these days, the Will becomes even more crucial. In our experience, it is particularly important to put a Will in place in the following circumstances:
- You want to control what happens to your assets after your death
- You have children who are under the age of 16 or disabled, or you have grandchildren
- You own or have purchased property such as a house or flat
- You cohabit with your partner, but have chosen to not marry or enter a civil partnership
- You have a assets of a significant value
- You have business interests, such as shares in a private company or partnership
- You have separated from your spouse or civil partner, but have not finalised the legal separation
- You are in a second marriage or civil partnership, but have children from a previous relationship
- You want charities to benefit from your estate
- You have strained relationships with members of your family
- You wish to reduce the tax liability of your estate
- You have foreign assets, or assets which are held in trust.
If any of the above apply to you, it is important to seek advice in relation to drawing up a Will and we would be delighted to discuss the matter further with you.
Gregor Mitchell, Partner, E. email@example.com T: 0131 222 2939