Wills

A Will is one of the most important documents that you will create in your lifetime. Whilst we understand that thinking about what will happen when you die is difficult, your family could suffer if you do not create a Will.

At Lancashire Law, we have worked very hard to ensure we provide an exceptional service to our clients meaning you have very little hard work to do. So, make that very important decision today and instruct us to draft your Will.

Delays, hardship, and worry is not the ideal legacy for your family in mourning. While thinking about and planning for death may feel uncomfortable, you need to consider how much worse the situation would be if you died or became incapacitated through illness, accident, old age, or emergency – without sorting it.

Things to consider when making a will:

Children

Decide who will look after them and leave funds to help.

Unmarried Couples

Do not expect everything to automatically go to your partner without a Will.

Divorce or Marriage

Both affect any Will you might already have.

Pets

Decide what should happen to family pets.

Funeral Plans

If you have specific ideas, detail them in your Will.

Property

Your home does not automatically pass to your partner and if it does, you might not want it to. Therefore, you need to consider what you would like to happen to your property upon your death.

Business Interests

Without an Executor, dealing with your Business upon death will be extremely problematic.

Inheritance Tax

The current allowance is £325,000 per person meaning those with valuable assets and larger estates could face a hefty tax bill. There may be very cost-effective measures you can implement to reduce the risk of this.