The Importance of Having a Will

Many people put off writing a will, but having one in place is essential to ensure your assets are distributed according to your wishes. Without a valid will, your estate will be handled under the rules of intestacy, meaning the law, not you, will decide who inherits your wealth.

At BJ McKenna Solicitors in Stockport, we help individuals and families create legally sound wills that protect their loved ones, assets, and long-term interests.

Why Do You Need a Will?

A will allows you to:

• Decide who inherits your estate - Without a will, your property, savings, and possessions may not go to those you intended.

• Appoint guardians for minor children - Ensure your children are cared for by someone you trust.

• Minimise inheritance tax - A well-structured will can help reduce tax liabilities for your beneficiaries.

• Protect vulnerable beneficiaries - Safeguard loved ones who may struggle to manage an inheritance.

• Plan for blended families - Ensure children from previous relationships are provided for.

• Avoid family disputes - Clearly outlining your wishes can help prevent legal battles and disagreements.

A properly drafted will provides peace of mind, knowing your estate is handled in the best possible way for your loved ones.

Key Considerations When Making a Will

Writing a will involves more than simply naming beneficiaries. Seeking legal advice ensures your will is legally valid and tailored to your circumstances. Important factors to consider include:

1. Choosing executors - The people responsible for administering your estate.

2. Appointing guardians - If you have minor children, you need to specify who will care for them.

3. Setting up asset protection trusts - Protect assets for future generations or vulnerable beneficiaries.

4. Inheritance tax planning - Help reduce the tax burden on your heirs.

5. Accounting for potential future situations - Such as remarriage, care home fees, or business ownership.

At BJ McKenna Solicitors, we guide you through every step, ensuring your will reflects your current circumstances and future intentions.

When Should You Review Your Will?

Life is constantly changing, and so should your will. Regular reviews and updates ensure it remains valid and relevant. Key times to review your will include:

• Marriage or divorce - These events can impact your existing will.

• Birth or adoption of children - Ensure they are included as beneficiaries.

• Death of a beneficiary or executor - Update your will if a named person has passed away.

• Significant financial changes - Such as receiving an inheritance, buying a property, or starting a business.

• Moving abroad - Different countries have different inheritance laws that may affect your will.

• Changes in relationships - If your relationship with a beneficiary changes, your will should reflect your wishes.

Regular will reviews help ensure your estate is protected and your loved ones are taken care of.

Get Expert Legal Advice on Wills and Estate Planning

Making a will is one of the most important things you can do to protect your family and assets.

At BJ McKenna Solicitors in Stockport, we specialise in wills, probate, and estate planning, ensuring your legal affairs are in order. Our expert solicitors can help you draft, review, and update your will to reflect your latest circumstances.

📞 Contact us today for expert advice and peace of mind.