Do you have a Will?
If the answer is no, then read on!
What happens if you don't have a Will?
- There will be a delay in settling your estate
- Your family will be uncertain as to whether they benefit, and
some of them may not
- The family will have to go to Court to have an Executor
- Your estate will usually not go exactly where you want but
according to the arbitrary rules of the Succession (Scotland) Act,
or if you are domiciled in England, the equivalent legislation
- There is usually additional expense for legal fees and Court
fees, often running to several hundred pounds
When should you make/review a Will?
- Your first or new job/new pension arrangements
- When you marry/have a long term partner/separate/divorce
- When you buy your first home
- When you have children
- If you inherit some money
- When you retire
- As you get older
- When you say, "I've been meaning to do one for ages."
What can you do in a Will?
- Leave your estate exactly where you want it to go, including
charities, subject to Legal Rights*
- Appoint suitable Executors who will have the duty to deal with
- Provide for part of your estate going to young children. They
will otherwise inherit at the age of 16, which may be too young in
- Plan to mitigate the effect of Inheritance Tax
- Know that your affairs are in order, which makes you feel
- Take account of certain legal rules which give some members of
your family special rights
We at Blackadders think it is important that everyone has a
Will. Why not speak to us about it, and we will put you in touch
with one of our specialists. The cost is probably less than you
think. The cost of not having a Will may be more than you
Scots Law makes certain provisions for a spouse, or civil
partner, and children to make claims for Legal Rights. These are
rights that exist even where there is a Will. Legal Rights are
claimed from relatively few estates, but they can cause
difficulties. When we advise you on your Will, we can identify
exactly what claims might be made, and how they are best dealt
Partner - Tel: 01382 229 222
Forman, Partner - Tel: 0131 222 8000
Sneddon, Partner - Tel: 01382 229 222
Scott Williamson, Partner - Tel: 01382 229 222