Keep Your Will Safe
Changing a Will: What You Need to Know Staffordshire
Why change a will?
Have you cover your entire family?
A change of mind or notice of an error in the existing Will are also some of the reasons that may make you change your Will.
Make a Codicil to the Existing Will Staffordshire
- A codicil allows you to make minor changes to an existing Will while leaving the rest of it intact.
- Some of the changes that may necessitate changing your Will Staffordshire using a codicil include increasing the cash gift’s value to reflect issues such as inflation, appointing a new executor or trustee following the deaths of the original ones, changing funeral wishes, appointing a different guardian to your children or reallocating a bequest if the original beneficiary dies.
- A codicil is legally binding just like the original Will.
- For a codicil to be valid it has to be prepared on a sheet of paper separate from the one the original Will was written on.
- Just as in the preparation of the original Will it has to be dated, signed and witnessed by two people who have no interest in the Will’s inheritance.
- However, it is not necessary that the witnesses be the same as the ones who witnessed the signing of the original Will. There is no limit to the number of codicils you can make to an existing Will.
- However, each codicil you make has to be numbered and stored safely with the Will.
- The codicils should not be attached to the Will, as that could invalidate the Will.
Prepare a New Will Staffordshire
How To keep Your Business functioning Staffordshire
So, in order to help a business remain functional, you should write a business will. Otherwise, the wife and children will get virtually nothing and the effort of many decades will go down the drain. There is another case as well. The owner may like to appoint other people for his business Staffordshire.
This may well be the case when you are happy with the state of things or you can see that your business is not in good hands. Finally, Inheritance Tax which is required under certain circumstances can be avoided if you are gifting your business assets to other businesses.
- Made by a person who is 18 years of age or over (unless mitigating circumstances dictate the contrary)
- A Will is made voluntarily and is not a forced action brought about be another person
- It is made by a person who has all of the mental capacities intact
- Must be made in writing
- It must be properly signed by the person making the Will in the presence of two chosen witnesses
- Making a will something some of us do not want to think about; however, if you do not take the time to fill in a will then your worldly possessions will be distributed according to a law dating back to 1925.
- Under this law you are not always assured that your spouse or civil partner will inherit your property – you simply cannot leave this to chance.
- Making a Will ensures that your affairs, after your passing, will not have to sorted out by those saddened and distraught by your passing.
- Making a will is a more constructive and cheaper option.
- Anyone can make a will, from the elderly to very small children and it is something every individual should consider. But, it is something we rarely get down to.
- A Will is something you need to do now in order to safeguard your property and the possessions you have worked to hard to get.
- Our Will writers deliver a personalised and efficient service to our clients.