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Wills
It is reassuring for you to know that you are providing for family, friends, dependants and charities upon your death. Making a Will provides you with peace of mind, knowing that your money and belongings will pass to your chosen relatives and selected causes. Without a Will, your family may not be provided for in the way that you expect. If you die intestate (without leaving a Will) there are rules which govern which of your relatives inherit and how much they inherit, so it best to specify your intentions in a valid, professionally-drawn-up Will. Even if you already have a Will, it may have been prepared several years ago and your circumstances may have changed. There may be recent additions to your family who you wish to add in to benefit under your Will, you may wish to appoint guardians for any young children you have or perhaps you wish to change who deals with your belongings when you have died (known as your Executors). Also, house prices had seen dramatic increases until recently. As a result of these higher property prices, you may wish to consider Tax Planning in your Will, so as to reduce how much Inheritance Tax becomes payable upon your death. This kind of Tax Planning can also provide a very flexible arrangement for your family and their future. (Please see Inheritance Tax Planning & Trusts.) |
 For many different reasons we are asked if we can help to "protect" the inheritance you leave by putting it into a Trust. For example, perhaps you wish someone to inherit from your Will, but they are very young or unable to look after money due to a disability or alcohol-dependency. The cost of Wills relates to the complexity of your individual circumstances and requirements, but we will be happy to discuss your needs and provide you with information about our charges. For each Will we prepare, we donate £5 to your choice of either AgeUK (formerly Help the Aged) or Fledglings (Registered Charity Number 1112618). Alternatively, you may be eligible for a contribution towards the cost of your Will through the Cancer Research UK FreeWill scheme. If you are considering making a Will, please visit Planning Your Will which offers some guidance to assist you. |
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