Usually Wills are made to distribute your assets when you die, and you can choose who you want to leave money, property or items to.
Will writing solicitors in North Wales will help make sure your Will is valid and up to date. Residues are an extra part of Wills which could be considered. These are when there is money or valuables left over after everyone named in the Will have been given their legacies.
However, it is worth noting that residues are what remains after any bills or debts are also paid. You can specify that someone is given residues only, no matter the amount. Wills can also be used to deal with overseas assets. Legal experts can identify the different laws associated with this such as for example, in France, your children must be left some of your assets.
Children are often the biggest recipients in a Will. Will writing solicitors in North Wales will ensure you have written this document as clearly as possible, outlining exactly what you want each child to have. You may, however, have dependents apart from children which you want to provide for, and these could include parents and other family members. You may choose to leave them assets to pay for their care, no matter if they are elderly or have health issues requiring additional support.
At Bennett Smith Solicitors, we can advise you about all aspects of Will making. Contact us now and book an appointment to speak to us.
