Q. When do you need a will?
A. Before you die.
None of us know when that will be. So you need to make a will NOW.
The absence of a will means that your estate - your assets and liabilities at the date of your death - will be dealt with under the rules of ”Intestacy” which may well result in your assets being handled by people not of your choosing and being left to the people you do not want - and probably tax inefficiently.
More importantly who will care for your children in the event of the death of you or your partner - the people you chose in your will or social services, because you have no will?
Contact us today to arrange a will to be prepared - it will not be as costly as you think and certainly not as costly as the alternative.
Probate is the process of dealing with your estate - your assets and liabilities at the date of your death - on your death.
“Probate” is the document obtained from court giving the person appointed in the will as an executor the power to do so.
In the absence of a will, this is called “Letters of Administration” and appoints a person to do this under the rules of Intestacy.
Either way Rise Legal can assist and advise on the process to ensure it is handled efficiently.