FAQ’s (Frequently Asked Questions)
Making a Will ensures your estate goes to who you want it to go to. If you don’t make a Will the government will decide how your estate is distributed.
What would happen to my children if my husband and I died?
Making a Will gives you the opportunity to say who you would like to bring up your children in the event of your death. In a Will the people you appoint are referred to as Guardians.
I have a Will but I’m getting married soon is my Will still valid?
Once you are married your existing Will is not valid. You need to make a new Will or your estate will be subject to intestacy rules.
How do I protect my children’s inheritance?
Protecting your children’s inheritance is also known as ‘Bloodline Planning.’ Bloodline Planning ensures that your assets go to your children and grandchildren rather than ending up in the wrong hands!
What does an executor have to do?
The role of an Executor role can be daunting and time consuming depending on individual circumstances. Some of the roles include; making lists of all assets and debts including utility bills, settling all deceased debts and paying out any inheritance tax necessary, locating heirs and distributing the contents of the Will and arranging for care of any minor children or pets.
What is a trust?
A trust is an obligation binding a person (which can be an individual or a company) called a ‘trustee’ to deal with ‘property’ in a particular way, for the benefit of one or more ‘beneficiaries.’ For more information regarding trusts please contact us.
Do I need a solicitor to write my Will?
No it is a common misconception that only solicitors can write a Will. Many people prefer the flexibility of either being able to produce their Will online or have a specialist Will Writer visit them at a time and date that is convenient to them. To make an appointment with one of our Will Writers please contact us.
Why do I need two witnesses?
In 1837 the UK government passed a law that stated when a person signs a Will there must be two independent adults (over 18) to witness this happening. Therefore for a Will to be valid the two witnesses must actually see the signing of the Will and the person making the Will must see the witnesses sign too. Witnesses must not be potential beneficiaries of the Will.
Where should I store my Will?
A Will is a valuable document and it’s never advisable to store in your own home due to risk of; loss, burglary, damage from fire, flood or tampering by others. You should store your Will in a secure place ensuring your Executors know where this is. Applefalls Finance can arrange storage facilities please contact us for further details.