One thing in life is certain – we are all going to die

Sad but true and it would be wrong if we didn’t ensure our relatives were looked after when we do. So why do so many people fail to make a will? This can cause problems for your loved ones exactly at the time when they really need to know they are financially secure.

What does a Will do?

A Will is a legal document which details how you would like your assets and other matters handled when you die. If you die without having made a Will, the law decides who inherits your estate. Is this what you really want?

As an example most married couples believe that if they die without having made a Will all of their assets will pass directly to their surviving spouse. In most cases this does not happen and this can lead to unnecessary inheritance tax liabilities.

What’s in a Will?

Typically a Will deals with:

  • Who you would like to administer your affairs
  • How you would like your funeral to be arranged
  • Who you want to be a guardian for your children if they are under 18
  • Gifts of money or possessions to individual people
  • Who will benefit from the remainder of your assets and when and how they will receive them
  • Minimising your estate’s liability to inheritance tax

It’s not difficult

It is neither difficult or expensive to prepare a Will. It is usually a straight forward matter and brings you the peace of mind of knowing your finances are in order whatever happens in the future.

It is important

Your Will can save your family and friends a great deal of trouble and money. If you ignore inheritance tax issues you may well find that the Government receives a much higher amount of your assets than anyone else.

Call us now and arrange to see an advisor and we can give you all of the information and peace of mind you need.

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