Is it Necessary to Make a Will?
There is a general perception that Wills are for the elderly and those in ill-health but life is uncertain. Everyone needs a Will, to ensure your hard earnt assets are protected where possible and go to the people or causes which you care the most about.
Certain events promptpeople to make aWill such asan increase inpersonal wealth, buying apropertyandhaving children.
When parentsmakeWills,theywant toensure that their children are provided forinthe bestway. Whilstthe primary focus isusuallyon financial provisions, what about yourchildren'swelfare, especially if both parents die?
Nobody wants tothinkabout dying young or leaving their children behind, especially young children but what happens if youshoulddiebefore your children reach the age 18?Those under the age of 18, in the eyes of the law, are classed as minors. If theirparentshave passed away, they will need a legal Guardian to helpand support them.
A Guardianmay beappointed through a Will to haveparentalresponsibility for your children. Parental responsibility means all the legal rights,powers,responsibility and authorityof a parent. Properly appointed Guardians have all the necessary legal rights and responsibilities. In many cases appointing a Guardian in your Will provides valuable piece of mind that your children are going to be looked after by someone you have chosen and trust.
The expert lawyers in the Wills, Tax and Probate team at Enoch Evans LLP have a wealth of experience in advising upon and drafting Wills. The team based in Walsall and Sutton Coldfield arealso experts in providing bespoke advice upon how best to reduce the Inheritance Tax that will be due on death. The Department is accredited by the Law Society for membership of its elite Wills and Inheritance Quality Scheme ('WIQS'). Enoch Evans LLP are also happy to store client's Wills securely; this offers client's peace of mind that the Will can easily be located by your Executors following your death and that your wishes will be followed.