Wills

The full laws of Intestacy depend on which part of the UK you live in and can be found on the government website here https://www.gov.uk/inherits-someone-dies-without-will/y.

The point of a Will

People have reservations when it comes to discussing this delicate matter, but the process need not turn out to be as upsetting or difficult as you might think. In fact, having a Will in place provides re-assurance that only comes with the knowledge that you have tied up all those loose ends.

It is important to have the correct type of Will – one that is professionally drafted to take into account your wishes, and your personal and financial circumstances.

The correct Will can allow you to:

Specify whom you wish to inherit your estate, in what order and in what proportions, so that you have comfort in the knowledge that your wishes will be carried out
Make specific legacies to family or friends or gifts to your favourite charities
Appoint suitable guardians for young children, rather than leaving the decision to the Courts
Set up maintenance trusts for children to protect their inheritance until an age specified by you
Make provision for children or other beneficiaries, should your surviving partner remarry
Protect your share of the property from having to be sold to pay your surviving partner’s future care fees, thus still having assets to leave to your family

Amending an existing Will

If you already have a Will, it is recommended that you review it every 2 to 5 years. Sometimes your wishes may not have changed, but the value of your assets and the law may have. It is very important to ensure that your Will does exactly what you want it to do; that it protects your assets and investments, and most importantly that you have taken advantage of various areas of flexibility within the law of estate planning.

INHERITANCE TAX PLANNING, WILL WRITING, TRUSTS AND TAXATION ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

Contact Us