We know that with all the stresses and strains of life, making a Will is hardly at the top of anyone’s list, but it is one of the most important documents for you to put in place during your lifetime.
What does a Will do?
Your Will sets out how you want all of your property, both bricks and mortar, cash and other items, to be divided up after you’re gone. You can use your Will to benefit charities if you wish, remember close friends or colleagues and, above all, get everything sorted to make sure that your family are well-provided for in the future.
The difference a Will makes
As family arrangements become more complicated in the modern world, your Will can help you to get through the tricky waters by using trusts to govern how your assets should be dealt with after you’re no longer here. A carefully-drafted Will can also help to minimise the amount of your estate which is taken by Inheritance Tax.
How to make a Will during Coronavirus
Arranging and signing a Will relies heavily on face-to-face meetings between legal advisors and clients, needing the physical presence of the Will-maker and two witnesses to put the document in place at the end of the process. With the impacts of Coronavirus and lockdown the government has allowed changes to the usual process, where necessary, giving greater felxibility in how Wills can be put in place.
Under new legislation Wills can now be witnessed remotely through video calls until 31st January 2022. However the overriding advice given by the Ministry of Justice is that Wills should continue to be witnessed in person where possible.
At Tozers we are committed to doing whatever we can to help you, be that in person, over the phone, or via video chat.
How we can help you
With many years’ experience of complex situations, straightforward matters and everything in between, you can rest assured that we can help you put your wishes into force in your Will. Our team offers an expert Will-writing service tailored to what you need. From the initial meeting onwards, we’ll guide you through the process, making it as smooth and efficient as possible. We can also provide Inheritance Tax advice and planning alongside your Will, if you wish.
We advise on:
- structuring your Will to make sure that your assets are passed on in the way you’d like
- the options available for those with more complicated family arrangements
- using your Will to pass on your business or farm to the next generation
- establishing trusts in your Will
- the Inheritance Tax implications of the provisions of your Will.