By making a will you can rest assured that your estate will be distributed as you wish. Your will can also govern other important matters, such as guardianship and funeral arrangements, giving you peace of mind that your family is cared for and they won’t have to make difficult, and financial, decisions when you pass away.
Why is making a will important?
Making a will is the easiest way to ensure that your wishes will be carried out after you die. By not having a will in place, you will die intestate and the distribution of your estate shall be governed by the Succession (Scotland) Act 1964. Although the law gives prior rights to your surviving spouse or civil partner, the process of settling your estate is much more complicated and costlier.
Another important aspect to consider is the differences between succession law in Scotland and in England and Wales. Therefore, if you now reside in Scotland but your current will was drawn up in England or Wales, it is important that you review your will with a Scottish based solicitor.
Content of a will
In your will you can:
- Nominate an executor to administer your estate after your death. This could be a family member, friend or a professional executor
- Name beneficiaries and specify what you would like each to inherit
- Appoint guardians to care for children under the age of 18 years old
- Specify other wishes e.g. funeral arrangements or charitable donations
Is making a will a complicated process?
Making a will is generally a fairly straightforward process. Here at VMH, you will meet with one of our experienced, qualified solicitors and discuss your wishes and the associated legal implications. We will then draft your will and go through it with you to ensure you are 100% satisfied before you sign the deed.
How much does it cost?
Making a will is relatively inexpensive and a small price to pay for peace of mind. Making a will in good time also saves your family considerable cost and worry further down the line. We would be happy to arrange a free, no-obligation consultation and provide you with a detailed quote.