Introduction The idea of a ‘Trust’ is enough to have most of us running for the hills. It’s often billed...
Wills & Trusts
Protect and preserve your assets
Our team is on hand to put an effective plan of action in place to assure your wishes are fulfilled upon your passing.
We understand how important it is for our clients to ensure that the next generation is looked after, and with our experience in the field, we can provide a seamless experience to protect and preserve your assets.
The team can help, as part of our Wills Services, with the:
Will Writing
The drafting of a will should be something completed with care to ensure your wishes are fulfilled after you pass.
With the help of our knowledgeable will writers, we can assist you in the will drafting process, answering any questions or concerns you may have. Drafting a will with a professional can give you and your family the reassurance you need that they will not suffer additional hardship when you pass away.
Setting up of trusts
Just as with a will, the setting up of a trust ensures that your hard-earned assets are protected for your family upon your passing.
Being a particularly complicated area of law, a professional can assure you are advised on the best option for your situation, to suit both you and your family.
Ahead of the drafting up of a will or setting up a trust, it’s important to consider a few things before proceeding with the process.
Your marriage situation
If you are married or in a civil partnership, and the sole provider in the household, without a will, your significant other will have to cope with both the grief of losing you and the organisation of the arrangement of your assets.
Without the addition of a will, it will be difficult for your partner to be able to access any accounts in your name or be involved in your business in any way.
This can, of course, be an extremely difficult situation for your partner, on top of the grief that they are already experiencing following your passing.
The drafting of a will, with the help of a professional, can ensure your mortgage and other assets are protected and secured for your partner and future generations, easing any financial concerns they may have.
If you are re-married or divorced
If you are divorced, you may be surprised to know this doesn’t revoke your will, and if there are children involved, you should make a new will following the end of this relationship.
This will ensure that your children from a previous marriage are taken care of financially following your death, along with any children you have had if you re-married.
If you are single
If you don’t have a significant other, you may not have considered the importance of a will if you happened to pass away unexpectedly.
But, it’s still essential to put plans in place to ensure that your affairs, including your funeral costs and preparations, are in order, and make sure the correct family members receive anything you have left behind.
We can arrange the organisation of making a friend an Executor of your will, giving them the ability to put your plans into place following your passing.
COSTS RELATING TO WILLS & TRUSTS
Simple wills
from £500 plus VAT
Similar wills for couples
from £750 plus VAT
Creating trusts
from £750 plus VAT
Corporate
Where trusts are advised as part of a corporate re-structure, costs will vary and be based on
£275 per hour
Is it time you set up a will or trust?
If you need assistance or advice on this process, we’d be more than happy to help. Feel free to get in touch with us by phone on 0121 201 3765 or email us at info@reganpeggs.com, and a member of our team will reply to you shortly.
We can arrange for video, phone or face to face appointments.
Wills & Trusts Articles
Got a specific question about wills & trusts services? Browse our selection of useful articles below, or get in touch if you can’t find what you’re looking for – we’re always happy to discuss your case, and will either help you directly or refer you to someone who can.
Can I complete a will without a solicitor?
The short answer is yes, there is no law against creating a will yourself. It’s just very important you know...