Wills & Inheritance Tax Planning
Unfortunately, one certainty of life is that we will all die and regardless of age or health, no one can say when.
If you die without leaving a Will, the distribution of your possessions will be decided by the state. This could mean that your married partner may not get everything you wanted them to, an unmarried partner may not get anything and an estranged spouse may get all of your money!
A simple Will means that you can say what should happen to your personal belongings, even though you are no longer around.
Wills also provide the means for inheritance tax planning through the use of trusts. Due to the increase in house prices, five out of six homes will already be over the inheritance tax limit, without even including the other assets of the estate. It may be hard to think about life time preparation, but it will be harder on those that you love if you don’t. Remember, where there is a Will, there is a way!
If you die without leaving a Will, the distribution of your possessions will be decided by the state. This could mean that your married partner may not get everything you wanted them to, an unmarried partner may not get anything and an estranged spouse may get all of your money!
A simple Will means that you can say what should happen to your personal belongings, even though you are no longer around.
Wills also provide the means for inheritance tax planning through the use of trusts. Due to the increase in house prices, five out of six homes will already be over the inheritance tax limit, without even including the other assets of the estate. It may be hard to think about life time preparation, but it will be harder on those that you love if you don’t. Remember, where there is a Will, there is a way!
