Wills And Trusts: Why Tomorrow May Be Too Late17th Jul 2013
At the risk of sounding morbid, when was the last time you checked your will?
If you can’t remember, then it’s probably long overdue for review…because wills left to wither on the vine have a nasty habit of creating unintended consequences.
And those consequences can have a huge financial and emotional impact – at a time when your loved ones will be overcome with grief and least able to cope.
Any number of scenarios can cause serious problems. They can delay the administration of probate or result in bequests going to the wrong person.
In worst cases, it could mean relatives disputing a will, causing simmering bitterness or even a family feud.
Coles Miller Wills and Probate Associate Anthony Weber summed it up succinctly: “Unless your keep you will up to date, things will go wrong.”
DIY wills that have not been properly signed and witnessed are not valid. There may also be other glaring gaps or loopholes.
“People have no idea of the potential pitfalls. There are complex rules that can be inferred because of 200 years of case law.”
We recommend reviewing your will every five or 10 years – or sooner if there is a major change in your circumstances.
We will review your will for free. It does not take long. And the wonderful peace of mind that comes with it lasts for years!
Meanwhile, Coles Miller has been supporting the Lewis Manning Hospice’s Make A Will Fortnight.
Thanks to the generosity of our clients, our Wills, Trusts and Probate team has raised more than £1,000 for this extremely worthy local charity and we are continuing to support them.
Need to review your will? For more help, contact Coles Miller Associate Anthony Weber, 01202 673011.