Will Writing
Having a will is an important first step in your inheritance tax planning.
A will is a legal document that sets out your wishes regarding distribution of your assets, as well as the care of your children after your death. It is estimated that more than half of British adults have not made a will and you are likely to be among them. One of the most important things to consider when writing a will is who is going to inherit your estate.
What is a Will?
In your will, you can set out:
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who will benefit from your estate
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who will look after your minor children (or even your pets)
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who will handle your estate and carry out your wishes (the executor)
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which charity will benefit from your estate
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your funeral wishes
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Your will would often include an inventory list of the assets you want to distribute, for example:
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properties, such as your house, investment properties or land
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stock market investments, such as shares, bonds and funds
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your savings, valuable objects, such as jewellery
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sentimental items, such as books, clothing, ornaments
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When someone dies without any planning or without a will, the rules of intestacy will decide how the estate will be shared out, which means decisions about your estate will be in the hands of judges. Without a will, you have no control over what happens to your estate.
Why Choose P&Co
We prepare wills in full compliance with the laws of England and Wales, ensuring your wishes are legally protected. Our unique advantage is the ability to explain the process in your own language, through experts who share your cultural background. This means you can make informed decisions with complete clarity and confidence.
Professional Indemnity Insurance
We have professional indemnity insurance in place in accordance with ICAEW regulations. Our professional indemnity insurance cover is up to a maximum of £1.5 million in any one claim, legal costs in addition and is capped at this level.
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Legal Ombudsman
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If you would like to talk to us about how we could improve our service to you, or if you are unhappy with the service you are receiving, please let us know by emailing your point of contact at P&Co or here.
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If we do not deal with your complaint in this time, or if you are unhappy with our response, you may of course take up the matter with the Legal Ombudsman.
The Legal Ombudsman’s ability to deal with your complaint is dependent on the following factors;
a) you must refer the complaint to the Legal Ombudsman no later than:
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six years from the act/omission; or
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three years from when you should reasonably have known there was cause for complaint; and
b) you must refer the complaint to the Legal Ombudsman within six months of the date of our written response.
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Contact details for the Legal Ombudsman
T: 0300 555 0333
E: enquiries@legalombudsman.org.uk
Legal Ombudsman, PO Box 6806, Wolverhampton WV1 9WJ
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P & Co is registered with ICAEW. If you want to complain to ICAEW, please visit here.
For information on the ICAEW Probate Compensation Scheme, please visit the ICAEW's website.
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