Services

Wills

A Will is a legally binding document that ensures all your assets pass to those you choose on your death.

It is a misconception that just because you are married your surviving spouse will inherit your assets when you die.

Without a Will, they are only entitled to the first £250,000 of your estate.

There is also no such thing as a common-law husband/wife. If you are unmarried, it is highly unlikely your partner will receive any of your individually owned assets upon death.

If you have children, you should make provisions for them in your Will to ensure the people you choose will be the ones to care for them.

A Will is the only way to ensure your wishes are carried out upon your death.

Probate

Probate is a legally binding document that allows your Executors/Personal Representatives to gain access to all of your assets, settle any outstanding debts and then distribute the remainder to beneficiaries.

Obtaining the Grant of Probate can be a complicated and time-consuming task requiring forms and correspondence to be completed. This tends to be the last thing an individual wants when they have just lost a loved one.

It is a legal requirement of the Executors to ensure this process is carried out correctly and that any Inheritance Tax is calculated and paid on time. If this is not dealt with correctly, the Executor(s) may find themselves personally liable for the deceased's debts and any losses involved.

Abbotts Wills & Probate Services Ltd offer professional services and advice. If you would like to talk to us, then please Contact Us.