Mr and Mrs B came to Oliver & Co Solicitors seeking help with preparing their wills. Initially, they were unsure about how much of their Estate to leave to their Executors. They had made a quick decision to leave a significant proportion to their Executors, thinking the role was substantial and deserved generous recognition. However, they had not considered other family members they also wished to include.
Clarifying Executors’ Responsibilities
During the initial meeting, our solicitor calculated the actual monetary value of the inheritance that would go to each Executor based on the current value of the Estate. Mr and Mrs B were astounded, as the figures did not align with their intentions.
Our solicitor then explained in detail the roles, responsibilities, and duties of Executors, helping Mr and Mrs B understand what was expected and why a large monetary gift might not be necessary to recognise their service.
Thoughtful Planning
Following the first meeting, Mr and Mrs B took time to discuss their wishes thoroughly and considered other family members they wanted to include in their wills. At the second meeting, they expressed their gratitude for the solicitor’s guidance in:
- Highlighting the monetary value of the inheritance to their Executors
- Clarifying roles and responsibilities
- Discussing inheritance tax implications and how it applied to their Estate
Achieving True Intentions
By working with a professional, Mr and Mrs B were able to prepare wills that accurately reflected their wishes. They left reassured that the amount left to their Executors was proportionate, that other family members were considered, and that the overall structure of their Estate aligned with their intentions.
Get Professional Will Advice
Preparing a will is an important step in ensuring your wishes are respected and your loved ones are provided for. Speak with our expert solicitors to make sure your will truly reflects your intentions. Call us on 01244 987419, email law@oliverandco.co.uk, or complete our Contact Us form to arrange a consultation.
