Making a Will is something that is often overlooked, but once in place, you can relax in the knowledge that your loved ones will be looked after once you pass, and your estate is divided according to your wishes. Sound legal advice and careful planning are very important in terms of inheritance tax planning.
We offer a full Will writing service, taking care of all the necessary legal documentation, form filling, and tax planning.
Preparing a Will
It is a good idea to have some notes prepared before you speak to us about your Will. Making a list of your entire estate (your property and belongings) is a helpful start to the Will making process, as well as a list of beneficiaries. It is also a good idea to provide a residuary beneficiary name, should your beneficiary predecease you. Upon instruction, we shall provide you with standard forms to complete which will help collate all the relevant information we require to draft and prepare your Will. When writing your Will, we recommend you include who you wish to be executors of your estate (those responsible for seeing the terms of the Will are carried out). You can also make arrangements for your children should you die before they grow up, as well as make a statement on the details of your funeral arrangements, and your views on other areas such as organ donation. This kind of information will be a huge help to relatives at what is always a difficult time.
Inheritance Tax Planning
We always ensure that your Will is written with Inheritance Tax in mind. In the absence of careful tax planning, families can lose thousands of pounds to taxation. This is where writing your own Will without assistance can be very risky. We provide bespoke advice alongside our Will preparation advice, ensuring you and your loved one’s interests are properly looked after.
Reviewing Your Will
It is highly recommended that once you have a Will in place to review it periodically. It may be that you have had more children or grandchildren since you last reviewed your Will; you may have married or have separated from your partner; your assets may have increased or decreased (an increase may affect Inheritance Tax); or the value of your house may have significantly changed, which may mean you want to re-evaluate your Will.
We would recommend reviewing your Will every five to six years. We provide a Will reviewing service, making recommendations on how to progress should your Will require amendment, whether it be a full Will re-write or the addition of a codicil (an official attachment to a Will). Get in touch with our team for more information or to arrange an appointment.
If you are an executor of a Will, or if a loved one has died without leaving a Will, get in touch with us today to discuss how we can help. We provide a range of probate services from grant-only service to a complete probate service, taking care of every detail.
9am - 5pm Monday to Friday
1pm – 2pm Monday to Friday
Evening and weekend meetings can be arranged by prior appointment
KPL Solicitors is a limited liability company. Company number: 12180415. Registered Office: 9 Hatch Lane, London E4 6LP. VAT Registration number: 250 1764 29. Bozena Kuplinska is the Sole Director of KPL Solicitors Limited Authorised and regulated by the Solicitors Regulation Authority and the Faculty Office. SRA number 662828.