Department: Private Wealth
legal hub
Your questions… answered
Search our legal hub for the answers to some of the legal questions that we get asked most frequently. If you can’t find your question, just email us at enquiry@beswicks.com
Department: Private Wealth
What can I leave in my will?
A will details what should happen to your estate (including money, property, investments, and your possessions).
Private WealthHow often should I review my will?
It is recommended that you review your will every five years or after any major change in your life.
Private WealthMy spouse can look after my financial affairs if I lose capacity and am unable to do so for myself – Myth or truth?
Myth – Unless you have a registered Lasting Power of Attorney (LPA) in place
Private WealthI cannot do anything to save inheritance tax because it is tax evasion – Myth or truth?
Myth - There are many tax reliefs and allowances that are given to everyone to legitimately use.
Private Wealth
I can draft my will to secure my half of the estate for my children – Myth or truth?
Truth - Wills can be drafted so that even if a surviving spouse or partner changes their will after you die
Private WealthOur children are guaranteed to inherit my estate because my partner and I have both made wills – Myth or truth?
This is a myth - in most cases a surviving partner can change their will.
Private WealthMy partner will get everything if I die so there is no need to make a will – Myth or truth?
This is a myth as unmarried couples are entitled to nothing if there is no will.
Commercial PropertyWhy is it necessary to provide ID and proof of funds when instructing a solicitor?
Providing ID and proof of funds is a requirement of The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.