Ensure your own children benefit from your share of your residential home if you pre-decease and your spouse re-marries.
It can happen that a new will is then made by the widow whereby her estate goes to her new husband thereby bypassing your children.
Even if an estate is less than £5,000, Probate may still be required re lifetime gifts in the preceding 7 years
A properly worded Will can ensure that half the value of your home is protected against 3rd parties [subject to circumstances].
Unless it has a contemplation of marriage clause, marriage or re-marriage invalidates a Will, requiring a new one to be written.
Without a Will, even grandparents have NO automatic Legal Guardianship of their orphaned grandchildren and will be taken into care.
Make sure your children have made a will to cover their Guardianship wishes.
Without a Will, the Government could inherit your estate if you die with no surviving traceable relatives.
Charities, as an example, can be an alternative option.
Without a Will, spouses and civil partners are NOT automatically entitled to all of your estate on death.
Too many business owners make no provision in their will [assuming they have one] for their business.
In one recent case, a builder had a stroke on site that eventually led to his death. Because their was no business continuity planning in his will, the company bank accounts were frozen which led to the collapse of his business and the laying off of staff.
Two redundant staff then decided to take his estate to court to sue for negligence and won. This led to his widow having to sell her house in settlement of the claim.
Contact us to discuss your options and to take action NOW.