Looking to plan for your family’s and loved ones’ future?
Your say in what happens to your estate is important, and dying without a Will means your estate will be divided according to intestacy law, instead of as you would wish. Often this can mean a distant relative can inherit where someone you are closer to will lose out. It can also leave partners homeless and struggling to raise funds to pay inheritance tax and probate fees.
The Legacy Inheritance Will is a basic Will that allows you to address the key issues involved with managing your estate and funeral wishes. It enables you to:
- Appoint the executors of your Will – these are the people you name in your Will to manage your estate once you have passed on
- Instruct how your estate is to be distributed
- Exclude individuals from inheriting – you can make specific requests for people you may not wish to inherit from your estate
- Make known your funeral requests and organ donation requirements
The Legacy Family Foundation Will
Creating a Foundation Will gives you control over the way that your estate is distributed after your death. It allows you to decide how to distribute your belongings, such as cars or family heirlooms, amongst your beneficiaries. If you have a business or investments, a Foundation Will can also ensure that these are transferred to the right people as smoothly as possible.
If you have children aged under 18, a Foundation Will lets you provide for their care. If you have children from a previous marriage, your Foundation Will can dictate the assets they receive, even if they are adults.
Creating a Foundation Will also significantly reduces the potential tensions among your loved ones after your death. Time and time again, problems are created within previously strong families due to one person failing to leave an adequate Will. The Legacy Family Foundation Will allows you to:
- Appoint executors
- Instruct the distribution of your residuary estate
- Exclude specific individuals from inheriting, should you wish to do so
- Give funeral requests and organ donation requirements
- Appoint guardians (for children under 18)
- Make cash legacies
- Make gifts of chattels and property
- Make gifts of businesses
- Make gifts of pets
- Set an age to inherit (up to 25)
Our Will & Estate Planning Consultants at Legacy Wills & Estate Planning are experienced in our field, and can advise you on your options. Our service is completely confidential, and our friendly staff can guide you smoothly through the entire process.