Whilst it is not a pleasant thought, it is a fact of life that we are all going to die eventually. We will assist you in formalising your wishes in the event of your death, and help your family cope with the stress and problems associated with bereavement.
Writing a will is the only way to ensure your loved ones are looked after in the way you want. Leaving loose ends after you die may result in loved ones becoming involved with complex legal issues at a distressing time. As a result your assets (including your home and its contents, personal items, money, shares etc.) may not be inherited according to your wishes and also your estate may be reduced significantly by Inheritance Tax.
The writing of a will ensures that your estate passes to those whom you wish to benefit. A carefully prepared will can mitigate inheritance tax and safeguard family assets for future generations and therefore is an essential tool in arranging your affairs.
We can also advise you on the validity of existing wills and assist you in preparing new wills. We encourage you to review your will regularly – tax laws change, as do family circumstances, and it is important to keep a will up to date
In addition we will also advise you on the impact of Inheritance Tax making use of exemptions, reliefs and allowances or take measures to reduce the risk of possible claims against your estate and, if appropriate, on family trusts. We can also advise you regarding other arrangements, such as appointing trustees and executors, or guardians to care for children.
To help you in starting to think about a will and what planning for the future might mean for you please contact Tim Cuthbertson or Haroon Qayam.
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