where-theres-a-Will-theres-a-way

Where there’s a Will there’s a way!

Where there’s a Will there’s a way, so the saying goes.

But where there isn’t one, there could be chaos.

If you die without making a Will, your money, property and possessions could be shared out according to the law instead of to your loved ones.

That means your legacy could pass to someone you never intended to benefit (even the Government), while the people that you wanted to inherit end up with nothing.

Yet more than half of all adults in the UK haven’t written a Will with recent figures showing that 68 per cent of 35-54-year-olds could die ‘intestate’.

Even among those over 55s, 36 per cent don’t have a Will.

So, let’s just consider this case study.

  • Paul and Samantha have been married for 25 years, their home is owned in joint names and they have two children Alice and George.
  • The couple haven’t made a Will, and when Samantha dies suddenly, Paul inherits the house as it was owned in joint names.
  • A short time later, Paul meets Mary who has two children, Mark and Simon, from a previous relationship, and remarries, but again they do not get around to making a Will.
  • When Paul dies from a heart attack, Mary inherits the house and the rest of his estate as they are married.

Again, she has no Will, so when she dies HER children Mark and Simon can then inherit the estate. But Paul and Samantha’s children Alice and George are left with NOTHING.

This shows how, by not making a Will, you can store up problems which can lead to bitterness and recriminations.

However,  if Paul and Samantha had made a Will in the first place, it could have ensured that Alice and George inherited a fair share of the estate after both their parents had died.

There is a real-life example of how not having a Will can lead to heartache, bitterness and a costly legal wrangle.

After pop star Prince died in April 2016, no Will was found and the legal battle over his estimated £153 million legacy is continuing two years later.

Following his death more than 45 people filed claims against the estate, with a judge finally ruling in 2017 that Prince’s sister and five half-siblings were the legal heirs. But now three of the heirs have filed a petition to review the billing practices of the law firm handing the administration of the estate claiming they are draining the musician’s bank account. And it is not the first petition filed against the law firm – one has already been rejected but in the process costing the estate thousands of pounds.

This highlights the importance of making a Will to make sure your wishes are followed after your death and the right people benefit from your legacy.

To discuss your Will and to ensure your legacy is protected, contact us on 01952 305105 or 07786 548025 or email enquiries@willmakersofthemidlands.co.uk

 

Remember, if you don’t have a Will, the authorities will decide how and who should receive your assets according to rules called the ‘Laws of Intestacy’.

Simply call us on 01952 305 105 for more information or to arrange a convenient time to meet one of our consultants.

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WHAT OUR CLIENTS SAY ABOUT US

I have known David for over ten years and cannot recommend him too highly.

He has written several Wills for me and my family and also Powers of Attorney.

I have recently had my Will written by David. He came to our house and gave us a first class service, he was very helpful and guided us through the process. The after care is also excellent, you are given wallet sized cards which detail your Will and where it is stored, if legislation changes updates to the Will are completely automatic reflecting these changes. I would highly recommend David to any of my friends or colleagues.”

With two young children our major concern was to ensure that we implemented the right provisions for their future care and financial well being. The way that you structured our meeting and the advice that you provided, has left the pair of us feeling incredibly comfortable. We now have a legal document that would ensure our aims have been met. We couldn’t recommend David highly enough.

I have known David for some time and find him to be extremely knowledgeable and professional.

Friends and family of mine have used David’s services and the feedback has always been very positive.

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Karen Babington

I recently had to deal with a difficult situation getting my brother to resolve his Will and powers of attorney due to his illness – with various complications from previous marriages and many emotional barriers to clear solution of his wishes. His own solicitor had made a dreadful attempt at sorting things out and drafted a Will saying the exact opposite to the wishes I had been asked to deliver as executor. Having used David, previously, for my own Will, I called on him to deal with my brother’s affairs in Sussex. David could not have been more helpful, knowledgeable and swift to sort all this out, including travelling to my brother’s home to deal with matters. I don’t think I can recommend David highly enough – he has the ability to deal with what could be distressing and morbid in a most positive and compassionate manner.

Emma Davies

I recently had to deal with a difficult situation getting my brother to resolve his Will and powers of attorney due to his illness – with various complications from previous marriages and many emotional barriers to clear solution of his wishes. His own solicitor had made a dreadful attempt at sorting things out and drafted a Will saying the exact opposite to the wishes I had been asked to deliver as executor. Having used David, previously, for my own Will, I called on him to deal with my brother’s affairs in Sussex. David could not have been more helpful, knowledgeable and swift to sort all this out, including travelling to my brother’s home to deal with matters. I don’t think I can recommend David highly enough – he has the ability to deal with what could be distressing and morbid in a most positive and compassionate manner.

Emma Davies