Will writing on the Isle of Wight scheme success for local charity
Will writing on the Isle of Wight was a profitable experience for Island charity Age UK. Local solicitors on the Isle of Wight including Wheelers Solicitors were proud to support Age UK in their Will writing scheme again this year.
Age UK Isle of Wight are an independent charity who have become an integral part of Island Life since 1973. Their mission is to enable local older people to improve their quality of life, whatever their situation.
In return for a donation to the charity we drafted Wills free of charge. This helped many Island residents secure peace of mind for the future of their loved ones.
Age UK Isle of Wight raised an impressive £3,150 from this Will writing scheme. Local solicitors on the Isle of Wight Wheelers Solicitors are proud to have been a part of this effort.
Every penny raised will stay on the Island and will help vulnerable islanders to love later life.
Supporting local charities is one of our core values as we recognise the importance of making our contribution to the local community.
As local solicitors on the Isle of Wight we understand the importance of developing connections. Charities, support organisations and businesses all have a role to play in improving the quality of life for all Island residents.
Nearly 60% of adults do not have a will
Writing a Will is the only way to secure peace of mind about who will inherit your Estate. The rules of intestacy, which will apply as a result when someone dies without a Will, are very strict. Often the people who inherit under the rules of intestacy are not the people you would wish to.
If you would like to speak to a local solicitor about Will writing on the Isle of Wight then please call us on (01983) 533938 or via our contact form. More information about our Will writing services can be found here.
Did you know that half the population hasn’t made a Will?
“Do I need a Will?” is a question a lot of people ask. Three-quarters of the population have a Will in place by the time they are 65, but that still leaves a sizeable number uncovered. Around 60,000 estates each year are ‘intestate’ (i.e. there is no valid Will in place) – almost 25% of the annual total.
Making a Will ensures that your wishes are carried out when it comes to who inherits what.
- A Will allows you to have clear instructions about how your estate is to be distributed. Without one it is subject to the intestacy rules and may not go to the people you would have chosen.
- A Will also lets you chose your own Executors. If you die without one, your closest relatives will need to apply for ‘Letters of Administration’.
- A Will lets you appoint guardians to look after your children if they are under 18, until they come of age. You can also make financial arrangements for their benefit.
- A Will allows you to make specific bequests to individuals. These can range from items of jewellery to sums of cash.
- If you have remarried, a will an ensure any children from your first marriage get a share of your estate.
Although many people do, a Will is not something which should be put off. The consequences of not making a Will can cause upset and conflict between families.
- Unmarried partners may not receive anything from your estate, unless you have made a Will in their favour.
- If your estate is divided according to the intestacy rules, your spouse or civil partner may not receive as much as you would have intended them to.
- If you die without leaving a Will and have no spouse or children, your parents of siblings may inherit your estate, even if you’d prefer it to go elsewhere.
- The absence of a Will can sometimes lead to family disputes.
- Without a Will, your family could face a larger Inheritance Tax bill than necessary as a Will can help with the tax-planning process
If you’re asking yourself “Do I need a Will?” it will probably means that you do. Wheelers Solicitors can fully support you in all stages of creating a Will and will take the time to fully explain the process to you. If you would like to arrange an appointment to discuss making a Will, please phone the office on (01983) 533938 or contact us here.
Making a Lasting Power of Attorney is the only way that someone can choose who they trust to manage their affairs if they lose mental capacity and aren’t able to do so themselves.
Shaun Elliott, Customer Service Manager at the Office of the Public Guardian, outlines a few things to think about when completing a Lasting Power of Attorney (LPA) application:
Here are some things to remember.
- With a Finance and Property LPA you choose when it can be used and how. You can continue to do things yourself as you normally would. Your right to do so is protected. For instance, you might have to go into hospital and want a family member or a friend to sort things out for a few weeks. You may choose to do some things yourself but allow someone else to do others. This can be set out in advance.
- A Health and Welfare LPA only comes into effect if you lose mental capacity. It gives your next of kin or chosen attorney(s) legal powers they don’t otherwise have over things like medical treatment and other lifestyle choices. You can therefore make your wishes known and trust that they are carried out.
- Before an LPA can be used it must be registered with the Office of the Public Guardian. The cost of registration has recently been reduced to £82 for each LPA, and if you are on a low income you may get help with the fee, or even pay no fee (for registration) at all.
Please call us on (01983) 533938 for an information pack and details of our fees. Or arrange a free half an hour appointment to discuss your needs. You can also contact us here.
Wheelers Solicitors can fully support you in all stages of creating and registering a Lasting Power of Attorney and will take the time to fully explain the process to you.