Airds & Co. Limited

Wills

Bereavement is difficult enough for your family but if you pass away without making a Will (intestate), the law takes over and you have no say in who will benefit from your estate and who will handle the administration of your estate.  Making a Will is one of the most important things you can do to make sure that your estate is left to loved ones, charities, etc. you have chosen.

 

Our Wills Service

We can assist you to write your Will

- allowing you to specify your chosen beneficiaries

- allowing you to specify legacies

- allowing you to specify when someone inherit their share of your estate, i.e. children attaining the age of 18 years

- appointing executors to your Will to look after the administration of your estate

- appointing guardians to look after your children

- updating your existing Will following divorce, marriage, entering into Civil Partnership or change in your financial situation

 

Dying without a Will - Intestacy

The only way to ensure that your wishes are met after your death is to make a Will.

If you die without having a Will, particularly if there are no children.

- It may lead to your spouse having to share your estate with relatives who you may never have intended to benefit.

- If you are unmarried and have children they will inherit everything automatically, leaving your partner with nothing.

 

What will happen to my children?

If you have children under the age of 18 years, it is so important to nominate the legal guardians to look after them, in the event of your death.

 

Should both parents unfortunately die before children reach the age of 18 years, what can happen.

 

With a Will

You can appoint your chosen legal guardians - usually family members or friends.  You should however discuss with your chosen guardians that they will be nominated in your Will - just in case they do not want to be nominated - and you should discuss with them the financial circumstances.

 

Without a Will

Typically the law provides for the surviving parent to take custody of any children but ultimately the decision is the Court relying upon what the judge feels is most appropriate for the children.  A relative, or another person, can apply to the court for an order appointing them as guardian.

 

Completing a Will and nominating a guardian provides the greatest assurance that your children will be looked after.

 

If you are looking to write your Will,  please feel free to contact us and we will be happy to discuss your individual circumstances, the options available to you and how to ensure your wishes are carried out after you die.

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