Wills & Codicils
A last will and testament allows you to determine who your assets will pass to on your death. In addition, it has the added benefit of allowing you to appoint guardians to care for your minor children, create trusts for the management of assets left to minor or incapacitated beneficiaries and specify your wishes in relation to any final arrangements.
If you don’t have a Will, or if your Will is deemed to be invalid for any reason, you will lose control over the manner in which your assets will be distributed to your heirs. In such circumstances, the laws of intestacy will apply to determine who receives your assets and you will have no control over that determination.
Our experienced team will guide you through the process of writing your Will. In drafting your will, we will advise you of the various options available to you and ensure that it is specifically tailored to meet your individual requirements and circumstances. We can also take account of both UK and international assets as well as Wills made in other jurisdictions. This is of particular importance to non-UK domiciled individuals and their families, as their Wills can be specifically tailored to mitigate UK inheritance tax and address issues relating to jurisdictional differences in succession laws.
If you would like to make a minor change to your Last Will and Testament then, rather than revoking your existing Will in its entirely, you can record that change in a document known as a ‘codicil’ – which is a little like a deed of amendment to your Will. We can advise you on all aspects relating to making and executing codicils.
As part of our service we can store your Will (free of charge) on your behalf and can be appointed as your executors if required.
Representative Wills & Codicils Work
Examples of our team’s wills & codicils work include:
- Advised on and prepared numerous tailored Wills for non-UK domiciled individuals in order to mitigate UK inheritance tax and deal with the transfer of international assets.
- Advised on and tailored bespoke Wills for non-UK domiciled individuals to deal with conflicts of succession law in other jurisdictions.
- Advised on and prepared Wills which included protective sub-trusts designed to protect minor and vulnerable beneficiaries.