When people make a Will, they do this to ensure that their estate passes to their chosen beneficiaries. Something that is often not considered is what would happen to a person’s estate if all of their nominated beneficiaries die before them. This is where a longstop provision comes in. A longstop provision is, in effect, a disaster clause, which allows you to put a back-up provision in your Will in the event that something like this happens.
If you do not include a longstop provision, and all of the named beneficiaries die first then the Rules of Intestacy would apply. This might be something that is suitable for you, but if not, then a longstop provision is something that our solicitors at Johnson Astills would recommend considering when preparing a Will.
To avoid an estate passing under the intestacy rules you should prepare a Will. This ensures that your estate will pass in accordance with your wishes and to your chosen beneficiaries. Here at Johnson Astills, we can provide our clients with legal advice to help ensure that our clients’ estates are dealt with in accordance with their wishes – whether this is through drafting Wills for them, or updating an existing Will with a Codicil. Please call our expert solicitors at Johnson Astills who would be pleased to assist you with this.
If you do not have a Will in place and you would like to discuss what this means upon your death, please contact our specialist Wills Solicitors at Johnson Astills and we would be more than happy to discuss your requirements further. Please call us at our office in Leicester or our office in Loughborough. Alternatively, you may prefer to email us at legal@johnsonastills.com or fill in our enquiry form.
