Orchid Law prepares Wills for clients in Kent, London and East Sussex

Sadly many people fail to consider making Wills until they are elderly. It is then often perceived as a very traumatic experience with clients thinking they are moving towards the end of their life.

It is recommended that all persons with assets or children make Wills and review these at least every 5-10 years.

If you don’t make a Will, your assets may not pass to the persons you would wish to have them when you die. For example if a married person with children died after 1 February 2009 and the value of their net estate was over £250,000.00, only the first £250,000.00 plus personal possessions would pass to their spouse. Half of the remainder of the Estate would be shared equally between the children. The spouse would receive the income or interest on the other half during his/her lifetime and, upon their death, the capital would be divided equally between the children.

Please remember marriage generally revokes a Will. The Will of a person who marries having previously made a Will leaving their assets to their children would not be valid in the event of their death. It would be the new spouse who would inherit the entire estate (assuming the net estate is no more than £250,000.00) and the children would receive nothing.

Contact us now to discuss your requirements in order that we can provide you with an estimate of our costs.