| Surprisingly, research has shown that as many as 7 people out of 10 have not made a Will. In their most basic form Wills are recommended so that you can choose how your property or possessions is distributed upon death. At best, Wills can be used for Inheritance Tax (IHT) planning and saving tax allowances.
Will or Testament is a legal declaration by which a person, the Testator, names one or more persons to manage his/her Estate and provides for the transfer of his/her property at death.
In the strictest sense, a "Will" has historically been limited to real property while "Testament" applies only to dispositions of personal property (thus giving rise to the popular title of the document as "Last Will and Testament"), though this distinction is seldom observed today. A will may also create a Will Trust that is effective only after the death of the testator.
If you die without a Will ("Intestate"), then the law will dictate who amongst your relatives receives what, which may mean relatives you do not like or have not seen for years.
There is a common misapprehension that a Will is not essential for Husband and Wife as a surviving Spouse will receive the whole of the deceased's Spouse's Estate, but this is incorrect. The surviving Spouse will in certain circumstances only receive very limited benefits and unmarried partners do not currently even benefit in this way.
Jackson Barrett & Gass are able to advise clients on a solution for their specific needs. We are experienced in handling matters from the simple to the complex in an efficient and friendly matter. Our service has been used nationwide.
It is therefore recommended that everybody should have a Will. Our current fees are shown on our price list, and we offer a 10% reduction if you instruct us online.
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