In our busy lives, it’s easy to overlook the importance of planning for your future, especially when it comes to writing a will. However, these essential tasks play a crucial role in ensuring that your assets are distributed according to your wishes. In the UK, where regulations and laws govern inheritance and probate, taking the time to engage in estate planning and writing a will gives you peace of mind knowing that your affairs are in order. To find out more about our wills and probate service, please click here.
Protecting Your Loved Ones
One of the primary reasons for estate planning and will writing is to safeguard the financial future of your loved ones. By clearly outlining your wishes in a legally binding document, you can ensure that your assets are distributed as you intended. Without a will, the distribution of your estate will be subject to intestacy rules, which may not align with your wishes and could lead to disputes among family members.
Appointing Guardians for Minor Children
For parents with minor children, estate planning provides the opportunity to appoint guardians who will care for their children in the event of their passing. By specifying your wishes in your will, you can ensure that your children are placed in the care of trusted individuals who will provide for their upbringing and welfare.
Avoiding Delays and Disputes in Probate
Having a valid will in place can also help to expedite the probate process and avoid delays and disputes among beneficiaries. The probate process generally spans 9-12 months for estate settlement. Nevertheless, it may extend beyond this timeframe, especially in cases involving property sales, intricate tax matters such as inheritance, income, or capital gains tax, or complexities regarding estate beneficiaries or personal representatives. A well-drafted will clearly outlines the distribution of assets, making the probate process smoother and more efficient for your loved ones during an already challenging time.
Contact Broadbents Solicitors Today
Don’t wait until it’s too late – start your estate planning journey today to secure a better tomorrow for your loved ones. Here at Broadbents Solicitors, we are extremely proud of our long and established history, which dates as far back as 1794. Over the years, we’ve helped many clients in and around Derbyshire with writing wills and we are committed to delivering a personalised service that caters to each client’s needs. For more information, please don’t hesitate to give us a call today on: Alfreton: 01773 832 511, Heanor: 01773 769 891. We also have an online enquiry form that you can complete, and a member of our team will be in touch with you as soon as possible.
