Passing away is not something a lot of us want to think about, which is why so many of us cast aside the process of making a Will. However, having a Will in place for when the time comes, is vital. Having a will allows you peace of mind knowing that your beneficiaries are taken care of when you are no longer here.
When it comes to producing a Will, it’s beneficial to speak to an expert in the field who can offer advice and make sure your requests are documented. We have a team of solicitors who specialise in creating Wills and estate planning, who will treat your requests with the utmost delicacy and sensitivity.
Our solicitors are trusted by many, from locals in the Crosby and Liverpool area, to our clients across the nation. If you’re interested in finding out more about our Will writing services, please fill in the contact form below or call us on 03300 167 847.
Get in touch with our team
When working with our solicitors to draft your will, there are a vital decisions that need to be considered as part of the process:
You may not require all of these elements to be covered but here at Black Norman, we take a bespoke approach to our Will writing services for each of our clients.
Estate planning is more complex than simply making a Will but it is normally only relevant if your assets at the time of your death exceed the inheritance tax threshold. Currently, the inheritance tax nil band threshold is £325,000 and the residence nil rate band threshold is £175,000 (if you qualify for this).
Thereafter, anything exceeding these combined nil rate bands will be charged at 40%.
There are certain exemptions including:
This is not an exhaustive list, but if you think you may be over the IHT threshold, it is important to speak to a solicitor about how to reduce your IHT bill – get in touch with us.
It’s important to us to be transparent about our charges, you can find out more about our charges here. That being said, the Will making process is unique for each of our clients, so the best way to find out about the cost for your own set of circumstances is to speak to one of our solicitors for an initial free consultation and or a quote.
Before you meet with us, it would be a good idea for you to have a general estimate of what your estate is worth, this includes a value for your property and the value of your shares, monies in bank accounts, businesses etc. You should also have an idea or options regarding who you would like your executors to be and ultimately, how you would like your estate distributed.
If you pass away without making a Will, there are legal rules that dictate how your estate is distributed. When you make a Will, you decide how your assets, including property and possessions are distributed. This ensures that distant relatives or relatives you are not on good terms with do not benefit from your estate.
A Will is one of the most important documents a person will sign in their lives. You should consider putting a will in place as soon as you turn 18, this will can then be reviewed throughout your life, particularly if you get married, have children, buy a house, own a business etc. .
The easiest way to make a Will is to speak to a solicitor. At Black Norman, we have a variety of specialists that can help you with Will writing, so get in touch.
