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Making a Will

Do you have a Will? Does it need updating? Blacks Solicitors’ Wills & Probate team can help.

Making a Will is one of the most important things you can do, as it is your opportunity to set out what you want to happen to your assets when you pass away.

Your Will also presents you with the opportunity to:

  • Choose who will look after your children
  • Provide any funeral wishes
  • Make any gifts of personal belongings or cash gifts to individuals or charities
  • Decide how your Estate is split between your chosen beneficiaries
  • Consider Inheritance Tax planning
  • Consider Care Fees

Many people think their assets will just pass to their spouse or partner but this is not necessarily the case.

If you don’t have a Will then the law sets out who inherits your Estate, and complex rules apply. The law, usually referred to as the Intestacy Rules, doesn’t recognise many modern family relationships such as cohabiting couples or stepchildren. If you don’t have a Will disputes may also arise.

Our experienced Wills & Probate team will provide you with advice relevant to your circumstances.

Care Fee Planning/Estate Preservation

If you have built up assets during your lifetime, it is understandable that you may want to try and protect those assets for future generations.

We can offer you bespoke advice when planning for the future, to help protect your assets.

Inheritance Tax

If you are a married couple or civil partners and have assets in excess of the Nil Rate Band (currently £325,000) it is always worth looking at Inheritance Tax planning in your Wills.

Since 2008, it has been possible for married couples and civil partners to leave their Estates to each other and, on the death of the surviving spouse or civil partner, the Executors can claim the Nil Rate Band of the first spouse or civil partner to die.

This means that the couple can leave a combined Estate of £650,000 before Inheritance Tax may be payable. Anything over this figure is taxed at the rate of 40%.

There are other Inheritance Tax reliefs such as the Residence Nil Rate Band, which may also assist in reducing the Inheritance Tax due.

For some clients, it is preferable for the Nil Rate Band to be inherited by other beneficiaries, which helps reduce the survivor’s Estate.

We can talk you through the options available and ensure that the Wills put in place are as tax-efficient as possible and are relevant to your circumstances.

Previous relationships

If you have children from previous relationships, careful planning is essential to ensure that not only is the surviving partner financially looked after, but also that the children from previous relationships inherit.

We can provide practical solutions to help you cater for all of your loved ones in your Will.

 

For more information about Blacks’ Wills & Probate services (including arranging a home visit), or for a free no obligation discussion, please email or call us today on 0113 207 0000.

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What our clients say

  • Responsive to client queries; competitive pricing. Professional and knowledgeable. Main strengths are client rapport and explaining matters at an appropriate level of technical detail.’

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  • I engaged with Nadine Owens of Blacks to prepare my parents wills and LPAs. The service that Nadine offered was both professional and personable. Ultimately it was a very difficult situation for Nadine to deal with but she handled the whole process fantastically well, always on hand to provide advice and ensure that we were all updated every step of the way. I would have no issues in recommending Nadine and Blacks moving forward, based upon my experiences to date.

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  • Lucy was incredibly helpful and efficient and it was all sorted and carried out effortlessly and in a friendly manner, which makes the whole situation far more bearable, especially for my Dad. Lucy is an obvious credit to your team.

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  • I just wanted to say thank you for everything you have done for us. It was a great relief to me when you took on the probate for us and guided us through the process. In the past, we have always found Blacks extremely helpful and professional and this continued with sorting out my mum’s estate. Thank you so very much.

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  • It has been so good to talk it all over with you. You understand the issues so well and clearly grasp what I want to achieve.

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  • I’ve had such good service from you once again. It’s good to know that when I get in touch, you will be here and will be able to keep on looking after things for me so well.

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  • Outstanding service. Your technical knowledge, attention to detail and efficiency have been second to none and without it I am certain that we would not have achieved such a good outcome. The way you have dealt with me as a client has been sympathetic at a difficult time but also you have a friendly, professional and approachable manner meaning I felt I could talk to you about anything and have the confidence that you would have the right answers. I would have no hesitation whatsoever in recommending you to friends, family, colleagues and acquaintances.

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  • Throughout the process Nick has acted with care, sensitivity and attention to detail. Not all matters have been entirely straightforward but Nick has provided clear and accurate advice, has always been available (even during his holidays) and has dealt with matters promptly and efficiently, whilst always keeping me informed.

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  • 
Nick was very prompt, polite, knowledgeable and patient. He offered us some great advice on how our new will could be drafted to maximise the benefit to our family, whilst taking the interest of our employees into consideration… Based on my experiences, I would have no hesitation in recommending Blacks to anyone looking for quality, efficient legal services.

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  • I have recently been supported in a legal matter by Nick Rhodes of Blacks Solicitors. He has been professional, efficient and responsive throughout our interaction. His advice has been sound and invaluable through what is a very difficult ongoing process.

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  • Lucy Rigden was outstandingly efficient and helpful.

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  • I know nothing about the law. At times like these you need a solicitor who can explain so as to enable a client to make intelligent, rational decisions with appropriate advice. Lucy did all of this for me.

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  • Lucy – thank you so much for all your help whilst we were over in the UK. It was a pleasure working with you and I would not hesitate to recommend you to any family or friends.

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