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Making a Will

The loss of a loved one is always a difficult and emotional time. One of the things which can make it easier for family and friends to deal with is an up to date properly drafted Will.

As with everything we do at Whitehead Monckton, we handle matters relating to Wills and probate with sympathy, professionalism and the utmost discretion. When you have made a Will, you will have peace of mind knowing that you have not only made sure your assets will be divided up in accordance with your wishes after your death, but also that you have completed one of the most important ways of protecting your family's future.

The importance of a Will

 Your Will can be a very powerful tool to help your loved ones:

  • It can ease the difficult job of sorting your financial affairs after your death
  • It can ensure your assets are left to the people you want to benefit
  • It can protect your family by appointing guardians for your children
  • It can save you and your family money
  • It will give you peace of mind, a very valuable commodity

Your Will represents probably the “largest cheque” you will ever write during your lifetime, greater than cheques for a new house, car or investment.

Just as you take expert advice when buying a car, new house or investment plan, we believe it is even more important to take expert advice when considering your Will.

When you have made a Will, you can relax knowing that you have not only made sure your assets will be divided up in accordance with your wishes after your death but also that you have completed one of the most important ways of protecting your family's future. Succession planning can also be one of the best ways of reducing any Inheritance Tax which may be due on your death.

We will ensure that your Will is specific to you and will guide you through the process in a clear, practical and no-nonsense way.

As part of our service, we will also happily store your original Will in our strongroom free of charge once it is completed.

If you don't have a Will

Without a valid Will, when you die your assets would be distributed under the Intestacy Rules.  This sets out who should receive your assets which may therefore not be in line with your wishes.  We have set out more details here.  To avoid this happening, you need to prepare a valid Will and we can help you with this.

If you already have a Will

Even if you already have a Will, we recommend that you review it every five years or so in order to take account of changes to your personal circumstances as well as any changes to tax arrangements. It may be you now have grandchildren or more than one property and may therefore want to change beneficiaries.  With the recent changes to rules on Pension funds, you may be able to take advantage of this new approach to improve the tax efficiency of your future plans.

Next steps

Whether completing a Will for the first time or wanting to review an existing Will, one of the things we will need to do is understand your family circumstances and financial position.  We have developed a comprehensive online questionnaire designed to enable you to provide this information to us.  Simply click on the button "Start the Process" to begin.

 

If you would prefer to complete a paper questionnaire, we have loaded the form  - please click to download and print it. Succession Planning Questionnaire.  You can then return the form to us prior to, or at your first meeting with us.

Once received, this information forms the basis for our first meeting to enable us to discuss all the elements in details and agree your wishes.  We will then be able to draft your Will, agree additional steps, e.g. completion of Lasting Power of Attorney (LPA) and tax planning actions as relevant.  Once drafted, we would recommend a follow up meeting to go through the documents and sign them. 

Then you can relax, knowing that you have not only made sure your assets are divided up in accordance with your wishes, but also that you have completed one of  the most important ways of protecting your family’s future. 

Standard Will Arrangement

At Whitehead Monckton, we think it is important to talk to our clients about succession and tax planning at the same time as helping clients with their Wills.  However, we recognise that sometimes a “standard” Will is what is needed. To find out more about what is included in a Standard Will Arrangement and how much it costs, please click here.

Love Tenterden Loyalty Card

We are currently offering a special discount of 10% of our Will fees on production of the Love Tenterden Loyalty Card.  To find out more please click here.

Succession planning

Succession planning can be more than just making a Will. It can involve formulating a strategy to ensure that your assets pass to the right people, at the right time and that the right controls are in place when that happens.  For tax planning purposes, you may wish to leave assets to your grandchildren, rather than your children, but with your children ultimately able to control the way the assets are handled.  Through various mechanisms this can usually be achieved - hence why we are there to help you agree a strategy and then execute it within the constraints of the legal and tax frameworks.

Whitehead Monckton specialises in advising our clients on the best way to pass on their assets, whether that be during their lifetime or on their death. We take the time to get to know our clients and their priorities.

The bespoke structures that we are able to advise you on are extremely powerful tools for wealth planning, wealth preservation and generational wealth transfer.  If you wish to start planning your succession, please complete the Succession Planning Questionnaire and return it to us by email or by post to 72 King Street, Maidstone, Kent, ME14 1BL.

Our promise to you:

  • We will help you focus on what’s best for you
  • We will help you achieve your goals within the best possible time
  • We will explain things using clear non-technical language
  • We will provide you with a clear pricing structure 

Many of our team are members of the Society of Trust and Estate Practitioners (STEP), ensuring specialist knowledge is available to you.  We also have a member of the Association of Contentious Trusts and Probate Specialists (ACTAPS) within the team, James Woods. He can assist if there are any disputes regarding the Will or management of trusts.

We are ranked as a leading firm for Personal Tax, Trusts and Probate in Legal 500’s independent review of solicitors.

Wills and Inheritance Quality Scheme (WIQS)

We are delighted to be an accredited member of the Law Society’s Wills and Inheritance Quality Scheme (WIQS). Being a member of WIQS demonstrates that we follow best practice procedures to meet the highest standards of technical expertise and client service in providing tailored Wills and probate advice to consumers. All members of our “Tax and Estate” team are WIQS accredited.    Please see our client charter for the benefits of using a WIQS accredited firm.

 

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When I embarked on the project of sorting out my will and the other matters, I did not really expect the process to be so positive, so I have to thank you for the fact that everything was so straightforward and indeed rather enjoyable. It is a relief not to have to worry about such things any more.&...
Suzanne Head
We would like to testify that we have had excellent and prompt service from our lawyer, Mr Garry Warman at Whitehead Monckton. He managed the arrangement of power of attorney and our Wills with the greatest consideration and care.
We were extremely satisfied with the way you dealt with our Will arrangements recently. You listened intently to what we wanted to achieve in replacing our existing Wills.  Your professionalism and knowledge in advising us, gave us complete confidence in your abilities to produce our new Wills....
The advice I was given was precise, and clear explanations given as required. In addition the process was completed within a week as requested by me and at no additional cost. I have no hesitation in recommending the Tax and Estate Planning department of Whitehead Monckton. 
We thank you very much for all of your help and advice in drawing up these Lasting Powers of Attorney. Until we consulted you regarding drawing up our Wills and you suggested putting Lasting Powers of Attorney we had not even heard of this and I must admit that initially undertaking this seemed rath...
Mr and Mrs B G Thompson
I would like to thank you for the work you did for me and my brother, Stuart.  We appreciate all of the time and care that you gave both of us. I would recommend your solicitors to anybody that needed a solicitor.
Valerie Martin Gay
Thank you for being very patient and for explaining things clearly and simply and for guiding us all through all the processes  so smoothly.We will be in touch with you if we have any further need for this kind of work but hopefully that will not be too soon.
Alison Thomas
Thank you for your wonderful service you gave Fred and myself, you were there on the end of the telephone if we had any queries. I would also like to thank your secretary, Colleen, as she was very kind with advice if we needed it.
Maggie Thorogood

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