Wills

Morgan Kelly Solicitors offer expert service and advice to help you with all your Will requirements. Whether it be for making a Will, or offering free legal advice on your existing Will, we are here to make everything as simple and comfortable as possible for you.

WHAT IS A WILL?

A Will is a legal document which:

  • Sets out what you wish to happen to your money, property and personal items upon your death.

  • Appoints someone to manage your affairs after your death and, most importantly, to look after your children if they are under 18.

WHY DO YOU NEED TO MAKE A WILL?

There are so many reasons why you need to make a Will:

  • You can appoint the people in your life that you trust to look after your children, if they are under 18 when you pass away.

  • You can appoint the people you trust to manage your affairs after you pass away.

  • You can set out your funeral wishes, making decisions easier for your family when you pass away.

  • You can make sure those you wish to leave gifts to actually do receive those gifts.

  • You can ensure that heirlooms remain within your family.

  • You can ensure that children do not inherit any money until a later age – for example 21 or 25.

  • You can ensure that those you do not want to inherit from you do not inherit.

  • You can reduce or even completely eliminate any inheritance tax payable on your estate.

  • If you pass away without a Will, the cost to your estate will be far higher than if you pass away with one.

  • If you pass away without a Will, it is likely to be extremely stressful and complicated for your family and friends.

WHY DO YOU NEED A SOLICITOR TO DRAFT YOUR WILL?

There are a number of “Will Packs” and “DIY Wills” available online and from various shops. On too many occasions, we have seen home made Wills or ones made online that are invalid or have not recorded the actual wishes of the person making the Will. The wording is often too complex or otherwise too simple. Here are a few reasons why you should ask Morgan Kelly Solicitors to prepare your Will:

  • There are a number of legal requirements for a Will to be valid - we will ensure that your Will is valid and covers your entire estate.

  • If your estate is taxable on your death, we can help you to legally avoid this tax or reduce the amount payable.

  • We specialise in preparing cost effective trusts, which need to be carefully worded where children are to inherit at a later age than 18.

  • You need to consider providing for anyone who is dependent on you, or they could have a claim on your estate. We can assist you with this, without giving away part of your estate.

  • If you specifically wish to exclude someone from your Will, careful wording is required otherwise that person may be entitled to part of your estate.

  • If you are divorced or remarried and you have children, making a Will could be more complicated. We are used to dealing with these situations and make the process very straightforward for you.

Additional benefits of using our service include:

  • If you live locally but cannot come to our offices, we can visit you at home or work.

  • There are no forms to fill in.

  • We will store your Will free of charge.

  • We will provide a free regular Will review service, once you have made your Will.

HOW MUCH WILL IT COST YOU?

Our Wills are charged as follows:

SINGLE WILL COUPLES WILLS    
Will While You Wait Service Will While You Wait Service    
£175 plus VAT £325 plus VAT    
Our “Will While You Wait Service is helpful for anyone who doesn’t want to deal with paperwork. We will meet with you at our office and, provided your wishes are straightforward and you have the full names and addresses of those you wish to include in your Will, we can take your instructions, prepare and advise you on your Will, and arrange for you to sign it all in one meeting. Our clients love this method because it results in absolutely no paperwork and is a very efficient approach. If your instructions are more complicated, we may need additional time to preare your Will. In that case you are likely to be looking at costs of around £400 - 500.00 plus VAT.
 
ABOUT INHERITANCE TAX

We always make sure our clients are sufficiently advised if their estate is subject to inheritance tax, and work with other professionals to ensure we provide the very best resources and advice. Check out the short and helpful video below to see if this is applicable to you:

OUR FREE EXISTING WILL REVIEW

If you already have a Will, we are happy to meet with you and offer free legal advice to see whether it needs to be updated, or if any changes need to be made.

INFORMATION ABOUT WILLS AND TERMINOLOGY



Beneficiary

Someone who benefits from your Will (for example if you have left them a gift).

Chattels

This generally means your personal items.

Codicil

A separate legal document which makes changes or additions to your Will.

Conditional gift

A gift which is only given to the beneficiary on the happening of an event.

Estate

Your personal items, property, money, investments and anything else owned by you when you pass away.

Executor

The person(s) you appoint to manage your affairs when you pass away.

Guardian

The person(s) you appoint to look after your children (if they are aged under 18) when you pass away.

Inheritance tax

A tax payable on death – any part of your estate over £325,000.00 will be taxed at 40% (i.e. a £500,000 estate will pay £70,000 tax).

Intestacy

The process adopted when someone dies without a Will.

Issue

This is a term which refers to a child of someone mentioned in your Will, but also includes their children and their children’s children and so on.

Legacy

A gift contained within your Will.

Life interest

A gift which benefits someone during their lifetime only – for example a house or an investment.

Nil rate band

The first part of your estate which is not taxable (currently £325,000).

Residuary estate

What is left in your estate when all gifts have been handed out and all debts, costs and funeral expenses have been paid.

Testator

The person making the Will.

Trust

Where all or part of your estate is protected for the benefit of others.

Trustee

The person(s) appointed to look after any trust created by your Will – a trust will be created whilst your affairs are being managed and gifts being paid.

MOVING FORWARD

If you would like to arrange a free consultation or have a chat about your Will, please contact Sarah Kelly today:

e:      [email protected]

t:       01273 407 970

If you found this information useful, you might also like to receive advice about lasting powers of attorney.

Please feel free to contact us for more information about our other legal services.

Thank You

Huxley

Thank you for your interest.

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Lewes Office

Castle Works
Westgate Street
Lewes
East Sussex
BN7 1YR

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