FACT about Wills…..
Got children?
If both parents die there is no guarantee that your children will be taken care of by family members.
If you haven’t made a Will nominating Guardians for your children then……
Social Services make that decision for you and for them
Your children may not end up being looked after and brought up by who you would choose or naturally want your children to go to.
There is no guarantee that your children won’t be separated
Your decision/choice about your children’s future won’t be taken into consideration
Did you know that getting divorced DOES NOT invalidate an existing Will?
Did you also know that getting married or re-married DOES invalidate your existing Will?
Basic Will
Basic Wills for individuals and couples who do not have a lot to leave and often do not own their own home. A basic Will ensures that your belongings and any assets are left to the people you want them to go to rather than the Government, and allows you to state your funeral instructions/wishes. These are very simplistic and offer little protection if you have significant savings and own your home.
The Essential Family Will
A mirror Will for couples, married or not, who have minor children and wish to nominate Guardians to care for and bring up their children should both parents die. This Will also has a special Trust within it which enables parents to make the inheritance they leave their children available for the beneficial use of their children who are under 18. You can also delay children inheriting at the age of 18 to 21 or 25 to make sure they don’t fritter away large sums of money.
The Advanced Family Will
The same as the Essential Family Will but with an additional benefit for home owners to protect the family home from loss to 3rd parties/unwanted beneficiaries as a result of second marriages and care home fees by placing each spouse’s/partner’s share in a special protective Trust.
