We have expert solicitors and consultants available to prepare your Will at highly competitive prices
YOUR WILL IN THREE STEPS
1. Get Started – provide us with your contact details and one of our consultants will be in contact.
2. Telephone Appointment – Due to the outbreak of COVID-19 we will temporarily be conducting all appointments by way of telephone. We are available seven days a week at a time to suit you
3. Wills posted to you – Temporarily we will be posting Wills to our clients. You will need to sign the Will yourself and arrange your two witnesses. We kindly request that you send us a signed copy to check that everything has been done correctly
Charlotte & Dean C
Gill & Martin W
Jack & Megan T
Tom & Sandra D
SIX KEY REASONS TO HAVE A WILL
If you were to pass away without leaving a will, your estate becomes intestate and you are known as an intestate person. Under these rules, only married, civil partners and some close relatives can inherit under the law.
I have a partner
Cohabiting partners i.e. those who are not married are unable to inherit under intestacy rules.
I own property
You will no doubt want ownership of who inherits your assets, including property when you pass on. This can include family, close friends, or even donating part of your estate to a charity close to your heart.
Who is going to take care of things once I pass away
Anyone over the age of 18 can be an executor to your will. An executor carries out the instructions you leave in your will when you pass away. It can be a difficult task and the process of dealing with someone’s estate can often take months and sometimes years to deal with. Often individuals choose to have more than one executor. Penrose Wills are happy to assist with this to take the pressure away, so please do get in touch.
If your child / children are orphaned before turning 18, you can appoint a guardian in your Will as the person to be responsible for them. Indeed you can appoint more than one guardian if they are willing to take on this responsibility.
Reducing the amount of Inheritance Tax payable
After you pass away, your estate may be subject to inheritance tax (IHT) if the value is over £325,000. If you write a will and leave your estate to your spouse or civil partner then that will remove IHT. We can advise you on whether it would be beneficial to set up a trust with a view to saving IHT. This can be useful where there are children or grandchildren. Alternatively you could give to charity as this is exempt from IHT. For setting up Trusts please contact us and well be delighted to help.