Most people think about making a will at some time or another, but many never get around to actually doing it. Based here in Dunfermline, the solicitors at maloco mowat parker have been helping people make water-tight wills for decades.
A will is more than just a document; it’s a powerful tool to ensure that your assets are distributed according to your wishes after you’re gone and everyone should have one. The most convincing argument for writing a will is to look at what could happen if you don’t.
If you die without having made a will, who gets what is decided according to the terms of the Succession (Scotland) Act 1964. Your “estate” as it is known, will according to the act pass to your husband, wife, children or other blood relatives depending on the size of your estate and who survives you. Partners and close friends don’t count. You will have no say in who gets what and if you don’t have any close blood relatives then your entire estate may go to the Crown.
If on the other hand, you make a will then you decide exactly who gets what. You get to choose the executors (the people who will administer the estate) and guardians (the people who will look after any children) and you can also take advantage of tax-saving opportunities. There are still certain rules that have to be followed but by and large, you control what happens to your estate.
So rather than take the chance that your estate passes to those you’d like to benefit, make a will and enjoy peace of mind. For guidance as to the cost of making a will see here (pricing policy) or contact firstname.lastname@example.org