Wills
We have considerable experience in the preparation of Wills. Sometimes clients do not make a Will, because they cannot make up their mind how they wish to leave their estate. We can explain what options are available, so as to provide a solution to their wishes. It is important at least to have a Will in place. It can be changed as time goes by to reflect different circumstances.
A Will needs to be prepared having regard to any potential liability to Inheritance Tax. We are very experienced in Tax Planning and can give you advice on how best to reduce or avoid Inheritance Tax. Please see our publication A Guide to Inheritance Tax
There are a number of good reasons why you should make a Will:
- It ensures your estate passes to your desired beneficiaries.
- A Will can often be a tax efficient way of reducing or avoiding Inheritance Tax.
- If you are not married your partner will receive nothing, your children may not receive what you would like and additional Inheritance Tax may be payable.
- Your Will can protect assets from the risk of a survivor remarrying and leaving your estate elsewhere.
- A Will can help avoid or reduce liability for payment of Nursing Home fees.
- A Will can protect assets in the event of a beneficiary encountering financial or matrimonial difficulties.
- You can appoint guardians for infant children.
- Where there is no Will there can be uncertainty delay and extra expense.
