People Rebecca Stamford-Pyle Gillian Barrow

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What is a Will?

common misconceptions . . .

“Wills are expensive”

“If I die, everything will automatically go

to my wife / husband or my children”

“I don't own enough so why make a Will?”

A Will is an expression of your personal wishes. If you don't make one then the law of intestacy takes over.

The rules of intestacy define who will act as your executors, who will be your beneficiaries - and in some cases how much of your estate they receive. Don't give up your right to choose who should benefit from your estate (and often as important - who should not).

Why should I make a Will?

Most of us are reluctant to think about the consequences of our own death.

Making a Will and planning for the future can seem like something to be put off until we are older. But not everyone dies of old age, and not thinking ahead can mean more problems for families and other dependants at a very difficult time. If you die without having made a Will, the “intestacy rules” can apply, particularly if you don't have children. This may lead to your spouse having to share your estate with relatives who you did not necessarily want to benefit.

Having a Will

• provides peace of mind
• makes it easier for those you leave behind
• ensures those you wish to benefit do so
• can minimise Inheritance Tax

Fox Hayes LLP provide a comprehensive and professional will writing service.

For further information about Wills, or your inheritance tax situation, or simply to prepare your Will, please contact.

Rebecca Stamford-Pyle

Wills, Trusts & Estates Department