Wills

Wills

Having a Will professionally prepared is one of the most important tasks we will ever have to complete. This is an important document designed to protect our families and loved ones, yet so many of us put it off by saying ” I’ll do it tomorrow”. But what if tomorrow never comes?

While your loved ones are having to cope with feelings of loss, shock and grief, they could also be left to pick up the financial pieces if you die ‘intestate’ (without leaving a Will).

Reassurance

A Will is the primary way to make sure your savings and possessions go to the people and causes that you want it to.

Avoiding disputes between relatives

Leaving a Will should remove any doubt about who you want to leave your estate to.

Close relatives and dependants may still be able to make a claim on your estate, but a solicitor can advise you on this and ways to prevent it.

Taking care of your loved ones

Although it’s always difficult for loved ones to talk about death, discussing  your Will can save everyone a lot of worry. Stating in writing who you want to leave your possessions to can help you make sure they go to the people you have named as beneficiaries.

Saving on Inheritance Tax

With a carefully-planned Will, you can also reduce the Inheritance Tax bill on your estate after your death. Inheritance Tax isn’t normally paid on anything you leave to a spouse or civil partner who has their permanent home in the UK, and is only payable if your estate’s value exceeds a certain amount*

Letting people know your funeral wishes

Your Will can be a way to let people know whether you would prefer to be buried or cremated, and the type of funeral service and any music you would like.

Updating your current Will & Inheritance Planning

Financial circumstances can change unexpectedly, so it’s essential that you keep your will updated in line with your needs.

If you’re not sure of your current situation, use the contact form to arrange a no obligation review.

* Will writing is not regulated by the Financial Conduct Authority. Amounts are subject to change.

Clayton Holmes Naisbitt