Frequently Asked Questions

Why do I need a Will?

You need a will to legally pass your estate to who you want it to go to. Without a Will, not only would it be difficult and more costly for your loved ones, but your chosen beneficiaries may not get anything at all. The law decides where your estate goes on your behalf.

Why do I need a Trust?

There are many reasons why you may need a Trust Will. A few include caring for vulnerable people and children, ensuring your children are not disinherited through another marriage, to protect your property from greedy third parties, or to allow someone to live in your property but not benefit from it financially. These are just a few reasons, get in touch so we can discuss your individual needs.

What information do you need to write my Will?

With Legacy Direct, our consultations are usually 15-20 minutes. We talk about your details, what you own, who you want to benefit from everything and who you wish to be executors, the people who will be ensuring your wishes are carried out. Your funeral requests can also be included.

Do I need to go to a solicitor?

No, in fact going to a solicitor can increase your bill largely. We are members of the Institute of Professional Willwriters and adhere to a strict code of conduct. As a regulated company, we also undergo regular training to keep up to date with changes in legislation and as we specialise in just Estate Planning we can offer the best advice that we are all specifically trained in.

What do I do after I have written my Will?

The best thing to do first is tell people that you have a Will and where to find it. Ensure your Will is signed and witnessed and keep it stored safely to avoid any chance of damage or tampering.

Where can I store my Will?

Somewhere safe. If it becomes damaged it could become invalid and therefore you could be classed as dying intestate. We offer secure storage with us for only £19.00 per person per year and allows you peace of mind that your Will is safe. We also send a copy of your Will to yourself and can send an executor pack out to explain their roles and where to find your Will. There is also a free card we can send you to keep safe, usually in your purse or wallet, explaining where to retrieve your will from.

What if I want to leave my estate to a charity?

When we have our consultation, we can talk about what you want to gift to charity. It may be specific items, a percentage of your estate or a set amount. All we need is the charity name and number and we can add this into the Will for you. There are occasions where leaving money to charity can reduce the inheritance tax due.

Can a beneficiary also be an executor?

Yes, this is most common to have your beneficiaries as executors. As long as they are over 18, choose someone you trust and is happy to do the job. A professional executor will charge for this role, so it is advised to use a loved one that is happy to do this role.

How many executors do I need?

We advise a minimum of 2 and no more than 4. More than 2 may not be practical as they will need to make joint decisions. They need to be over 18.

Who has to witness my Will?

There must be two independent witnesses over the age of 18 to witness your Will. They cannot be beneficiaries, spouses of beneficiaries or members of family. Whoever witnesses the Will does not need to know what is in your Will, but they need to see you sign it, ensure you are happy with it and are not signing it under duress.