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Update an Existing Will

Since writing your existing Will, key changes to Family Laws affecting Inheritance tax could alter how your Will affects your Estate Planning. 

As well as key changes to Family Law affecting inheritance tax, relationships may have changed since drafting your Will. People move away, get married, have children, grandchildren, get divorced or sadly pass away. 

 

Our friendly advisors will offer a free consultation to review your existing Will, and offer free, expert advice on any changes that you'd like to make, as well as discussing any potential risks to your estate planning.  

The Society of Will Writers advise reviewing your Will every three to five years so contact us now for a free consultation to discuss amending your existing Will.        

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Why do I need to update my existing Will?

Having an up to date Will in place can help lower your inheritance tax burden, and by ensuring you have the right people in charge of distributing your estate, you can be comfortable in the knowledge that your loved ones will benefit from your life's work.

Do you have suitable Executors?

Have you named suitable executors to manage your affairs and distribute your estate as per the wishes of your Will? 

Are they capable of handling the burden, are they in the right location, are there enough of them, and who should step in if they can't or won't act as executor?

If your executors need updating, it's important to do this right away to ensure your affairs are managed by someone you can trust. 

 

Have your chosen Beneficiaries changed?

Over time relationships can change, people move away or feature less in your life plans for other reasons. Perhaps you have had more children, grandchildren, nieces or nephews since you last wrote your Will, or since writing your last Will there's someone who has passed away or you aren't as close with any more? 

If you need to change your beneficiaries, it's important to do this right away to make sure your chosen beneficiaries inherit. 

Have the gifts in your Will changed?

Have you accumulated new assets since last drafting a Last Will & Testament?

Perhaps you've swapped your car or sold some jewellery. Legacies change over time. 

To ensure that everyone that you want to provide for benefits from your Will, arrange reviewing your existing Will today. 

Changes to the Law

It's important to review your Will every three to five years to keep up with changes in the Law.  Many old Wills contain clauses which no longer serve a purpose, can create unnecessary admin for your executors, and need updating.  

To make things as easy as possible for your loved ones, and ensure they aren't left with a large Inheritance tax burden, review your Will today

Mrs T.E. London

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“When making my will my anxiety levels shot through the roof however I think I struck lucky with FMS Wills and Estate Planning, they made the whole process manageable and I started to feel confident and on top of what I was doing. Nothing was too much and their patience and expertise was amazing. Thank you so much FMS Wills and Estate Planning for the understanding and kindness you communicated throughout this whole process. I would highly recommend this service to everyone. Thank you, thank you, thank you."

Mrs A. Stevenage

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"I found Family Money Savers very helpful everything was explained fully and clearly understandable. It was also done in a professional way we would recommend them
Thank you FMS Wills and Estate Planning for your work on our behalf"

Mr & Mrs H. Haverhill

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“We did our Wills and Lasting Power of Attorneys with Family Money Savers Ltd they made a very complicated looking job very easy by explaining everything very clearly and being very patient as we took so long to do everything, I highly recommend this company”
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