Writing A Will
Taking a temporary step back from the world of pensions, why worry about Wills? When the time comes, common sense will surely distribute your estate amongst your loved ones…
If you die without making a Will, the distribution of your estate will be governed by the laws of Intestacy. These rules will override any wishes you have for beneficiaries, and instead disperse your wealth depending on your marital status and children.
Beyond earmarking your preferred beneficiaries, a well drafted Will can also provide many other benefits. Through 21st Century financial planning, we can help to manage the tax efficiency of your estate and the ultimate use of your Tax Free Allowances. This has become even more prevalent since the Chancellor’s unveiling of the Main Residence Nil Rate Band, which has only added further planning opportunities.
Every November, many solicitors waive their charge for writing a basic Will and instead encourage a charitable donation ranging from £100 to £150. If you would like to capitalise on this opportunity and are interested in writing a Will, please follow this link and apply accordingly.
If you would like further information on ‘who gets what’ should you have not written a Will, please refer to Section 3 of our online note ‘Writing a Will’. Should you have any queries, please do contact us on our usual numbers.