So many articles and advertisements about wills and probate are filled with misinformation. Unfortunately, people outside the legal profession attempt to explain the process, and get some of the facts correct, but a few important ones incorrect or slightly mangled.
The concept of a will is relatively simple. An individual puts into writing their wishes for how to deal with assets once they pass on. Sometimes, however, people push this important step into the future, waiting until it is almost too late to think the process through. They also fail to learn the very basic idea about wills and probate.
Some Essential Information
Keep in mind that reading about wills and probate is just the beginning. It would be wise to have a face-to-face meeting with a professional in this field in order to truly understand how your will is prepared and what happens when that document is used to settle your affairs, however small the estate. The immediate result will usually be a reduction or elimination of stress.
As mentioned, there are several misconceptions about this process, among them the belief that the government will take all there is, no questions asked. But the truth is, each state or regional government has specific rules about inheritance if someone fails to leave a will. A specialist in this field, your solicitor, will be able to outline these laws and regulations.
Of course, the wise thing to do is to have a will and one that is written with the guidance of an experienced professional. It is not advisable to avoid a will and the probate process simply because you wish to avoid the costs. As you work with an expert you will discover that these costs do not have to reduce the estate to little or nothing—another myth among people outside the legal profession.
The Best Time? Now.
If something in your life has planted the seed, and you feel it may be time to talk seriously about wills and probate solicitors in London, then it is best to do this immediately. It is not wise to avoid it because of any misconceptions about the process. Some individuals feel there is no need for a will because they believe there is nothing to leave to a spouse or next of kin.
This decision should be made with professional guidance, to ensure that the people involved are taking the proper action. The person responsible for distributing assets according to the will, the executor, is named by the individual having the will made. Experienced solicitors will be responsive to your needs and the needs of your family, doing their best to make the legal process fit individual requirements.
The legal and financial arenas have become increasingly difficult for the layperson to understand without experienced guidance. Navigating these complex waters can be so much easier with the correct assistance. Make the wise move, and choose a legal partner who has long experience in the local, regional, and national field.