Wills & Inheritance
Wills Questionnaire
Experienced Inheritance Lawyers based in the heart of Leeds, Bingley, Bradford and Yeadon.
Some of our FAQ's
Click below to see some of our FAQs, providing the answers to help you understand our services better. Still can't find what you're looking for? Please don't hesitate to reach out to us directly.
Are wills legally binding?
How long does it take for solicitors to release inheritance?
How long can solicitors hold inheritance money?
Do you pay inheritance tax if there's a will?
Can a solicitor be a beneficiary in a will?
What would make a will invalid?
Are wills legally binding?
As long as a Will is properly signed and witnessed by two adults, it should be legally binding.
How long does it take for solicitors to release inheritance?
Beneficiaries typically receive their inheritance within 6 to 12 months, but this varies depending on the complexity of the estate.
How long can solicitors hold inheritance money?
This is usually as long as it is necessary to administer the estate, although there is a duty to administer the estate as efficiently as possible. It is important to ensure that all liabilities are settled and any claims against the estate are resolved before distributing the estate.
Do you pay inheritance tax if there's a will?
Inheritance tax is payable based on the nature of the estate. This is the size of the assets in the estate as well as a variety of other factors, such as whether the deceased made any gifts before they died. It is possible for Wills to be prepared in such a way as to reduce and even potentially eliminate the amount of inheritance tax payable and this is something we would be able to advise on.
Can a solicitor be a beneficiary in a will?
Yes. Besides, if someone wants to leave a gift to the solicitor drafting the Will, this would only be possible if the person making the Will has independent legal advice and is fully aware of the situation. No solicitor can persuade a person making a Will to leave them a gift in it.
What would make a will invalid?
Wills become invalid automatically on the marriage of the person making it, unless the Will is specifically drafted to prevent this. A Will can also be revoked by the person who made it at any time. If the original Will cannot be located after death, then the assumption is that it was destroyed and this can cause difficulties. We offer a service to store Wills for our clients to prevent this being a problem.