Will Services from Tiverton
What is a Last Will and Testament?
A Last Will and Testament, often referred to simply as a "Will," is a legal document that outlines a person's wishes for how their assets, property, and possessions should be distributed after their death. It also allows them to appoint executors, who are the people responsible for carrying out the instructions in the will.
There are a lot of myths about writing Wills so it is very common to have concerns and worries. If you have children, own property, or have savings or investments, then you need a Will to ensure your assets are distributed according to your wishes.
Tiverton Law is led by Richard Agnew Vos, who has been writing Wills for over 30 years. You truly have an expert on your side.
Will Services
Assets, Property, and Possessions
This includes everything a person owns that holds value. Assets can be financial (like bank accounts, investments, or retirement funds), physical (such as houses, cars, or personal belongings), or intangible (like intellectual property or shares in a business). In a Will, these assets are allocated to individuals, organisations, or charities as per the person's wishes. We clearly outline the division to avoid disputes and ensure the rightful beneficiaries inherit what is intended.
Funeral Arrangements
In your Will you can include specific wishes regarding your funeral arrangements. This might involve details such as whether you prefer burial or cremation, the location of the service, or any personal touches like music, readings, or rituals. While these wishes are not legally binding, they provide guidance to loved ones during a difficult time, helping to honour the deceased’s preferences.
Guardianship
If someone has minor children or dependents, we encourage them to use their Will to name a legal guardian who will take care of the children or dependents if they pass away. This is especially important to ensure the children's welfare and to avoid the court or social services deciding who should look after your children. The chosen guardian should be someone trustworthy who will act in the best interest of the children, providing emotional support, stability, and financial care.
Charity
Many people choose to leave a portion of their estate to charities or causes they care deeply about. This could be a set amount of money or specific assets, such as a property or valuable items. Not only is this a way to leave a lasting legacy, but it may also reduce inheritance tax on the estate; if the estate is going to be subject to Inheritance Tax gifts to charities can be a very effective way of reducing the total amount of tax that is paid.
