Wills & Probate
Writing a Will is one of the most important things you can do. It ensures your wishes regarding money, possessions and your property are carried out after you die, making sure your family is provided for in the future will give you real peace of mind. We can ensure you get the right advice so that your wealth is passed onto your loved ones smoothly and with the least amount of stress to your loved ones.
It is equally important that your executors and trustees get expert advice about administrating your estate so that:
Delays are minimised
All available reliefs and exemptions are claimed
Due consideration is given to all applicable taxes, e.g., income and capital gains tax mitigated
If you don’t have a Will, the UK Intestacy Rules will govern how your estate is passed on. These rules can be quite harsh and can result in your assets passing to family members you may not be closely connected to or even know existed. Certain relatives may end up inheriting your assets even if you have had no relationships with them during your lifetime.
If you are married or in a civil partnership and your estate is not worth more than the £250,000, then everything will pass to your spouse/civil partner, and this money is theirs to use as they wish.
If the estate exceeds £250,000, your spouse/civil partner will receive the first £250,000 of the estate, all your chattels (personal possessions and will be fully entitled (i.e., outright) to half of the remainder above that amount. Your children will receive half of anything above £250,000, and that will be kept in trust until they can access it at 18 years old. This applies even if you have informally separated from a spouse or civil partner and not yet legally divorced or ended the partnership
If you have a spouse or civil partner, but no children and your estate is worth more than £450,000, your spouse will receive the first £450,000, but anything over and above this will pass back to your parents or if they have predeceased you, on to your siblings
If you are unmarried and do not have children, your estate will pass to your parents, brothers and sisters or nieces and nephews in that order depending on who survives you.
The following people have no right to inherit where someone dies without leaving a Will:
Lesbian or gay partners not in a civil partnership
Relations by marriage
If you already have a Will, it is advisable to regularly review your Will because while life moves on, your Will remains the same and breakdown in relationships may mean that your wishes have changed since your Will was written.
This is often a question raised by foreign property investors when purchasing a property in the UK if they need a UK Will if they already have one in their country of residency
It is internationally accepted that immovable property passes in accordance with where the asset is situated. While the UK may recognise a valid non-UK Will, it is quicker and easier to administer such UK assets under the terms of a UK Will
It is often common for individuals to create trusts in their Wills. In many countries, Wills may not be possible because the countries themselves do not recognise trusts.
These days families who have settled in the UK may feel it is easier to administer the estate under UK law rather than the testator’s place of residence.
It may be easier to obtain a ‘Grant of Probate’ when presenting the UK Will rather than a non-UK Will to transfer assets on death.
Please call us or email us today at firstname.lastname@example.org and we will be happy to assist you.
How can we help you? Please call us on +44 (0) 0345 459 0007 to arrange a mutually convenient time to discuss how we can assist you. Alternatively, Email us on email@example.com* or click here to complete our Free Online Enquiry Form. We will have a chat about your needs, you can ask us any questions you have and we will be happy to have a No Cost or Obligation initial chat with you which we are sure you will find useful.
* Email address is monitored 24/7 and we will respond to you the same day or the next working day.
“Kingfields has honoured its commitment to me in the conveyancing for sale of [xxxxx] Court
You have kept to the fees you committed in Jan 2018 GBP1,395.
I am heartened by your gesture.
You also handled the sale of my other property (xxxxxxx House) in 2016.
The sale of Indescon was indeed longer drawn.
Nevertheless, you have brought it to a neat conclusion.
Thank you so much.
You have been an angel to me.
I love your quick response in every issue I faced in the sale.
My best wishes to Kingfields for the future.
1st May 2019
Reliable, cost effective and fast pace with Quality work
Words cannot express my gratitude for all the help you rendered and the great effort you specially put in to ensure that we complete the purchase of the property today. I heard from the seller that you even worked from home during the Easter holidays and goes to office early to get things going. I have been blessed and I am sure great blessings will always go your way to bless you too. Thank you so much.