Many people do not thoroughly plan for the future after they are gone and often assume their possessions will simply pass automatically to their spouse or children. Often people believe their assets are too insignificant to need a formal arrangement or legal guidance. But if you die without having made a will, the intestacy rules apply in an arbitrary manner. The only certain way to ensure that your spouse, partner or relative inherits what you intend is by making a Will.
By preparing a Will with one of our experienced and specialist solicitors, you can rest assured that:
- you will be listened to and advised sensitively, confidentially and in accordance with your and your family’s personal circumstances;
- you will leave your affairs in order, choosing your executors and ensuring protection for your loved ones;
- you can appoint guardians for your children;
- you can provide for a cohabitee or other beneficiary such as a dependant or charity, who may not otherwise be provided for if you die without a Will;
- you will help prevent family disputes arising;
With our specialist planning and advice:
- you may be able to reduce the Inheritance Tax burden that would otherwise be due and plan for a more tax efficient future;
- your business interests will be tax efficiently protected and will work in conjunction with any partnership or shareholders agreements;
- you can make appropriate provision for disabled or vulnerable beneficiaries without exposing them to exploitation or financial abuse, whilst ensuring the protection of their means tested benefits;
- you can provide for complex family arrangements, for example to protect children from different relationships or second spouses;
- you can preserve your share in the house from care home fees, protecting it and passing it instead to your intended beneficiaries;
Even if you have already made a Will, it is important to keep this under review at regular intervals (at least every three - five years). The world does not stand still and in particular your family circumstances and relevant taxation laws will change.