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What we talk about when we talk about your will…

So what DO we talk about when we talk about your will?

We talk about you. We talk about your personal and family circumstances, and your financial situation. We get to know who, and what, are most important to you, where your priorities lie, and any worries and concerns you might have. If you already have clear ideas as to what you would like to happen and who you would like to benefit on your death, that’s great, we can put this in writing, in the proper legal format, and you can quickly get on with other things.

If you are not quite sure what to do, we can help make things clearer – we can talk through different options, ‘what if’ scenarios, rule out some things that are not right for you and your family, and introduce some new ideas that you perhaps hadn’t thought about before.

We can also throw light on common myths such as whether your spouse or civil partner would just get everything anyway, how to make sure your children are best looked after, appointing guardians, what would happen with your pets, and who ultimately gets to decide what to do with all your personal possessions?

Families are often not traditional or straightforward, so we will talk about living together, children, your partner’s children, marriage/civil partnership, separations, and help you make sure you look after the people who are important to you.

If there are a lot of assets involved, we can show you how inheritance tax is calculated and talk through different exemptions, maybe it makes sense to hand over inheritances during your lifetime and see the difference this might make to your family or to charities?

We also talk about things which are not covered by your will – because they can also be very important.  The value of pensions, death in service benefits and life policies can be significant and we can talk about what you can do with these, and how this fits in with your will.

Some top tips:

  • It’s almost always better to have a will than not – even if there are some unknowns and you might change it
  • You can always change your will – whenever and as often as you want
  • Your will is completely confidential – you don’t have to discuss it with anyone (not even your spouse or partner), and you don’t need anyone else’s approval or agreement in advance. We would never reveal the contents of your will without your permission
  • If there’s one issue that you can’t decide on, don’t let this hold you back – let’s talk about how we can put everything else in place, and get that one issue out in the open so that we can find a good solution
  • Some things don’t matter – it doesn’t matter how old you are, what stage of life you’re at, whether you are married or not, if you have children or not

And what about lockdown?

It’s not another reason to put it off! We can talk on the phone, send drafts by email or in the post, and arrange for your will to be signed and witnessed by video call.
Your will is perhaps one of the most important documents you will ever sign – but it doesn’t have to be daunting. It’s all about you.

Contact us

If you have any questions about creating your will, get in touch with Catriona on Catriona.Torrance@balfour-manson.co.uk or on 07522 231296.