Wills
If you do not make a Will your property and other assets may not pass to whom you would wish. The future wellbeing of your family may depend on you having prepared an effective and legally valid Will. Using our specialist knowledge of property, trust and tax law we will help you cater for a number of different possibilities and prepare your Will so as to give you peace of mind.
If you die without a Will, it is possible that your surviving spouse will not be entitled to the whole of your estate, especially if you are survived by children. This is of special importance at present, after a period of rising house prices where the mortgage is paid off by a life policy on the first death.
By making a Will you decide who will deal with the administration of your affairs, as well as stating who will benefit under your Will. In the days of second marriages and family mobility generally having your say through a Will can be of great importance.
A Will can also be an effective tax planning tool for couples. Although no inheritance tax is payable on assets passing between spouses on the first death, this can result in a substantial inheritance tax liability on the second death.
We can offer specialist advice in this field and help you to plan ahead (including lifetime tax planning) to minimise the amount of tax payable on your estate before it passes to your beneficiaries.