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private client > wills & trusts > the benefits of having a will
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the benefits of having a will
Without a will, your assets may not go to whom you want or in the way you want. Without a will, your estate would pass according to the law of intestacy, which gives an order of priority to those entitled to your estate.
The future well-being of your family or desired beneficiaries may depend on your having a suitable will. Using our specialist knowledge of property, trusts and tax law, Denison Till can prepare the right will for you, giving you peace of mind. A will offers you the opportunity to: - Appoint executors and trustees
- Appoint guardians for your children
- Control your estate
- Create trusts
- Incorporate inheritance tax planning
executors and trusteesYou appoint your choice of people to deal with the administering of your estate when you die to be your executors and trustees. Only one person maybe needed, such as your spouse or relative however if there is a trust in your will, you may need more than one executor and trustee. An executor and trustee can also be a beneficiary. Advice is given on suitable appointments and Denison Till offer an executor and trustee service if you wished to appoint the firm as professional executors and trustees. guardians Guardians can be appointed for your children in the event of their parents both dying. Your appointed guardians would make decisions about the upbringing of your children. Your children may also live with the guardians. legacies
Legacies can be made of: money, personal possessions or other assets to chosen beneficiaries including charities.
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