Take Advantage...
Failure to plan your affairs in the form of a Will can have a devastating effect on your family and loved ones. You should consider making a Will to ensure that your estate is dealt with by someone you trust and that your assets pass to the people you wish to benefit from your estate. If you have young children you can also appoint Guardians in your Will.
When you make a Will you can also make sure that you take advantage of Inheritance Tax Planning as well as care home fees and the protection of assets. If you did not make a Will then your estate will pass under the Laws of Intestacy and this may mean that it passes to people who you do not wish to benefit from your estate. If you had no living relatives then your property will pass to the “Crown” rather than benefitting people or charities of your choice.
If you already have a Will you should review it at least every 3 to 5 years and definitely will need to update your Will if you have experienced such occasions as marriage, divorce, separation, having children, the loss of a partner/spouse or person named as a substantial beneficiary in your Will. If your estate has increased in value you will need to consider Inheritance Tax Planning and should update your existing Will.
Consider these points..
- Who do you wish to appoint as Executors?
- Do you wish to appoint substitute Executors in case your original choice becomes unable to act for you?
- What is the value of your assets? This will then give an indication of the size of your estate and whether you will need to consider inheritance tax planning.
- If you have children who do you wish to appoint as their Guardians?
Contact Us
Want to plan for the future to ensure your loved ones are looked after?Tel: 0161 439 0999