No matter how complex or sensitive your affairs, our experts will ensure everything is arranged as you want.
Experts in writing and executing Wills, administering Trusts, Probate and Disputes
Rest assured that regardless of the complexity or sensitivity of your affairs, we can craft a will that sets out your wishes. We will work closely with you to gain a comprehensive understanding of your assets and expectations, offering personalised advice and tailored solutions.
We can also collaborate with specialist colleagues in our Commercial Litigation team to identify potential problems early on and proactively address them on your behalf.
As skilled and empathetic conciliators, we also act for claimants, defendants, executors and administrators involved in wills, probate and administration disputes. We understand the emotional nature of such disagreements and can support you with practical and straightforward advice.
Contact a member of the team in St Albans, Harpenden or Luton to discuss how our wills specialists can help you plan for the future with peace of mind.
WHAT OUR CLIENTS SAY
For me the great strength of this practice is the personal relationship I have been able to develop with the professionals I have worked with. I feel that they know me and my needs well, while never straying from being wholly professional at all times. I have absolute confidence in their ability to handle all matters that I require their assistance on – Legal 500 2024
Taylor Walton have been my go-to M&A/commercial solicitors for over 25 years and they suggested I use their estate planning department. I was not disappointed.
They were fantastic from day one, they explained and guided me through legal matters in a patient and transparent way, all decisions were made with upmost care and thought. I have no hesitation in recommending them to anyone.
I have always had the trust and faith in Taylor Walton to handle any complex matters in a neat and efficient way. They are always able to break things down simply to a client, and they always have an excellent manner with clients and advisers alike.
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Frequently asked questions
What is a Will?
A Will is a list of instructions telling your Executors what to do with your property when you die. If you make a Will, then it is your choice who will benefit from your estate.
How often should I review my Will?
You should review your Will periodically and update it as necessary, especially if you have a major life event like a marriage, divorce, or the birth of a child or grandchild. It is important to note that unless your Will contains specific wording, a marriage or entry into a civil partnership will automatically revoke (cancel) an existing Will. In any event, it is a good idea to review your Will every few years to ensure that it still reflects your wishes.
Can I cancel (revoke) my Will?
You can cancel your Will by making a new Will, or simply destroying it.
What are Executors?
Executors are the people appointed in your Will to carry out your instructions. Executors collect in all your assets, pay your debts and any gifts of money, transfer any gifts of personal belongings and deal with the remainder – your Residuary Estate – in accordance with your Will. Usually the Executors will ask a solicitor to do the work for them.
How can I minimise the Inheritance Tax payable on my estate for my beneficiaries?
There are several ways to minimise Inheritance Tax (IHT).
One way is to consider lifetime gifting to reduce the size of your overall estate, for example by making use of the annual gift allowance, which allows you to give away up to £3,000 per year without incurring IHT. You can also give away small gifts of up to £250 to as many people as you like without incurring IHT.
Another way to minimise IHT is to make use of trusts. Placing assets into a trust can help to reduce the value of your estate and therefore reduce your beneficiaries’ tax liability. You can also make use of life insurance policies, which can provide a tax-free lump sum to your beneficiaries.
The way you structure your Will can also minimise IHT, for example by making gifts to charities, or by making sure your lineal descendants inherit your home so that the Residence Nil Rate Band (RNRB) may be available to set against your estate. The best way to structure your Will, of course, depends on your wishes and particular circumstances – it is a good idea to seek professional advice from a solicitor or financial advisor to ensure that you are taking all the necessary steps to minimise IHT, if this is important to you.
What happens if I die without a Will?
Your property will be divided according to certain legal rules (known as the Intestacy Rules). Some of these rules may surprise you. For example, the share your spouse or civil partner gets may not be enough to give your spouse or civil partner the outright ownership of your home. Also, if you are not married or in a registered civil partnership, but have been living with someone, the person you are living with may not get anything.
Can I change my Will?
Yes, at any time, by making a fresh Will or by signing a document called a Codicil which changes only the appropriate parts of your Will. A Codicil must be prepared, signed and witnessed in a particular way. You do not need to change your Will if you or any person named in your Will changes their address.
Does marriage, entering into a civil partnership, divorce or dissolution of a civil partnership affect my Will?
A Will is cancelled automatically if you get married or enter into a civil partnership after you have made it unless it contains specific wording to prevent the revocation. If you get divorced or your civil partnership is dissolved after you have made your Will, any provisions made in favour of your spouse or civil partner will be cancelled unless the Will says otherwise.
Whom should I appoint as Executors?
The people you trust most to carry out your wishes. Any adult person may be appointed as an Executor. One of them could be the person who is going to receive the biggest share, such as your spouse or civil partner. Relatives, close family friends and professionals (such as solicitors) can be Executors. It’s easy to appoint another Executor later if you want to do so by signing a Codicil.
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