Frequently Asked Questions
What is a Will?
A Will is a legal document that explains how you wish your assets—your home, money, and possessions—to be distributed after your passing. At Callaghan Wills and Estate Planners, we make it easy to create a Will that ensures your wishes are honoured. [Learn more about our Will writing service.]
Who should create a Will?
Every adult over 18 should have a Will, regardless of the size of their estate. Without one, your loved ones may face delays, unexpected costs, and even disputes over your estate. Don’t wait—our expert team will help you secure your legacy while you have the capacity to do so.
Why is having a Will important?
Without a Will, the law (intestacy rules) decides how your estate is divided. This could mean your loved ones receive less—or nothing at all—especially if they are not direct relatives or legally recognised partners. Creating a Will ensures your estate is distributed exactly how you want it to be. [Discover why planning ahead matters.]
I don’t own much. Do I still need a Will?
Yes, you do! Even if you don’t own property or significant assets, a Will helps clarify your wishes for sentimental items, such as jewellery or heirlooms. It also protects you as your circumstances change, like buying a home or building savings. Let us help you future-proof your estate.
How complicated is it to create a Will?
With Callaghan Wills and Estate Planners, it’s simple. We guide you through the process, helping you identify assets, choose beneficiaries, and address concerns. Our experienced estate planners handle the details, ensuring your Will is both comprehensive and legally valid.
Can I write my own Will, or should I hire a professional?
While DIY Wills are an option, they often result in costly errors or omissions. With our professional Will writing services, you’ll gain peace of mind knowing your document is robust, legally binding, and customised to your needs. [Discover the benefits of professional estate planning.]
What is a Lasting Power of Attorney (LPA)?
An LPA is a legal document that allows you to appoint someone to manage your affairs if you are unable to. Whether due to illness, age, or unforeseen circumstances, an LPA safeguards your financial and personal interests. [Explore our LPA services.]
How is a Will different from a Power of Attorney?
A Will outlines what happens to your assets after your death, while a Power of Attorney provides authority for someone to manage your affairs during your lifetime. Both are crucial parts of comprehensive estate planning, and we can help you with both.
What is a Trust, and do I need one?
A Trust provides a secure way to manage your assets, offering flexibility and control over how they are distributed. Trusts can be beneficial for protecting assets, reducing taxes, or safeguarding dependents. [Learn more about the advantages of Trusts.]
What is probate?
Probate is the legal process of handling a person’s estate after their death. Executors, named in a Will, oversee this process, which can be complex and time-consuming. At Callaghan Wills and Estate Planners, we provide professional probate services to ease the burden on your loved ones.
How do I update my Will?
You can update your Will at any time, as long as you have mental capacity. Life changes, such as marriage, divorce, or the birth of a child, are great opportunities to review your Will. Our free Will evaluation service ensures your Will remains current and effective. [Contact us for a review.]
What taxes will my family need to pay on my estate?
This depends on the value of your estate and the tax planning measures you’ve taken. Estates above a certain threshold may face inheritance tax, which could result in a 40% levy on the excess amount. Our estate planning experts can help you minimise this burden through strategic planning. [Talk to us about tax-efficient estate planning.]
Where should I store my Will?
Your original Will should be stored securely, either at home or with a trusted professional. Callaghan Wills and Estate Planners offer a secure storage solution, ensuring your document is safe and accessible when needed.
What happens if I die without a Will?
Dying without a Will—known as intestacy—means your estate is divided according to strict legal rules. This often excludes non-married partners or friends, leaving your loved ones with less than you intended. Protect your wishes by creating a Will today.
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Our approach aligns with UK law to maximise your gain economically, all while upholding the highest standard.
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All of our work is double-checked, and we also carry a substantial level of Professional Indemnity Insurance for your added peace of mind.