What happens when I die without a Will?
If you die without making a Will you die INTESTATE. This means that an administrator,
who is generally a close relative will be appointed by the courts. They will be
placed in charge with managing your estate. Generally your estate is gifted to your
spouse or if you don't have one, your children. In the case that you are not married
or in a civil partnership, it will go to your blood relative next in line - not
step children or partners. Due to the rules of Intestacy they must be a blood
relative, if not spouse. If you do not have a direct blood relative
or a spouse the estate will go to the Crown. More than one in two people in the
UK die without a making a Will.
Why should I make a Will?
It is the only way to make sure 100% that your assets go to the people that you
want them to go to. If you do not make a Will who benefits is decided for you.
How many witnesses do I need to witness my Will?
In England and Wales you need 2 adults to witness your signature. Your witnesses
can NOT be your beneficiaries (which probably means your spouse) or married/civil
partner of a beneficiary.
Do I need to pay for updates to my Will?
No, I-Smarts Wills are for Life which means that you can update your Will as many
times as necessary and we will not charge you for this service.*
Where can I store my Will?
I-Smart have a secure fire proof storage service for a nominal fee of £2.00 per
month,allowing you to have peace of mind that your Will is stored securely for life.
I have just got married do I need to update my Will?
Yes, marriage revokes any previous Wills. You will need to update your new Will
to distribute your estate.
Can I appoint guardians for my children in my Will?
Yes. You can express who you would like to be the guardian or guardians for your
children when you die. Expressing this in your Will, will ensure that the Courts
are aware of your wishes for guardianship of your children.
How long does it take to make a Will?
To ensure that our specialist Will writers create the right Will for you we would
anticipate an hour of your time. If we are able to capture all of the relevant information
on the first call, the original copy will be with you within 5 to 10 working days.
Why should I choose I Smart to write my Will?
I-Smart have a team of trained specialist Will writers with an in house Solicitor
that are dedicated to giving you the best possible service and guidance through
your Will writing. I-Smart is dedicated to giving you the best possible service
at a low price. Our fees are £79 for a single Will or £99 for a mirror Will (for
couples).Not only are the prices competitive, we offer a monthly payment plan to
make buying your Will more affordable and convenient for you.
What is the estate value bracket where I need to worry about Inheritance Tax?
This is currently £325,000
*Subject to terms and conditions. Please see www.ismartsolutions.co.uk/Wills
for more information.