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Where there’s a will, there’s a way…

August 3rd, 2009

Writing a will is important for many reasons though the majority of adults do not have one. The most common reason for not having one is that most of us ’simply haven’t got round to doing it’. EBS is able to make referrals to local solicitors and national Will Writers and Estate Planning Practitioners. A simple, single will can be arranged from as little as £90 + vat. If letting us take care of the arrangements is still not enough and you want to know more about the importance of creating a will, read on… The likelihood of having a valid will increases with age but high-profile deaths such as those of Princess Diana and Michael Jackson have highlighted the importance of all adults having a valid will.

The key reasons for having a valid will are summarised below:

Avoidance of intestacy - many people are under the false impression that if married, their partner would automatically inherit the whole of the estate - this is not the case and is one key reason why all married couples should establish a will (EBS can arrange Mirror Wills for married couples or partners from £140).

Choice of executors - a will enables you to choose the people who would deal with your estate in the event of your death (paying off debts and funeral expenses and distributing your estate in accordance with your wishes). If you die without a will that role is performed by individuals appointed by law and may not be the individuals which you would have chosen.

Guardians - a will enables parents to appoint guardians of minor children.

Tax planning - a well-drafted will may also result in both income tax and inheritance tax savings under current legilsation.

Please contact us for further details. We can also help with the arrangements for powers of attorney and trust creation.