Keeping it in the Family

There was a news story today concerning an investigation into the way in which banks conduct will -writing business and the fees charged.

There has been a lot of publicity recently around wills generally, with a television series showing some of the most difficult situations imaginable. The reality is however that the vast majority of people have fairly straightforward financial affairs and the process of obtaining a will is basically very straightforward. However, unless you have absolutely nothing to pass on, you do need to ensure that you have a valid will in existence for the day the worst happens. Otherwise, how can you be sure who will look after your children or even your pets when you are no longer able to? Slightly depressing topic of course but it’s better to rest easy knowing these things have been arranged in advance.

The other thing to bear in mind is that usually, it is quite sufficient to have friends or family members acting as Executors even if they are beneficiaries. This can avoid expensive probate fees at a later date. If there are any other difficulties which need the involvement of a solicitor, then the Executor can appoint one with a specific remit at the time. This should be perfectly adequate unless there are special circumstances.

Make sure you have a will in force and if you haven’t, get advice straight away. We can introduce you to a solicitor who will do the work for you, just follow the link below.

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