We are pleased to advice our clients on all aspects of Wills and Tax Planning.
Many people think that making a Will is something you only need to do when you are old. However any person with property or any assets should make a will to protect their assets and their loved ones.
We cannot stress enough the importance of making a Will in order to deal with what happens to your property after you die. A properly drawn up Will gives you real peace of mind. You can make provisions for your partner and family, and know that your wishes will be carried out.
Without a Will, the law of intestacy will apply and your estate may not be administered according to your wishes. In some circumstances this can cause a great deal of distress for those who are left behind and also hardship.
Furthermore, if you do not have a Will you will not be able to ensure that your estate is administered efficiently to ensure that you limit your tax liability.
The following are just a few examples important reasons to make a Will:
Feel free to contact us for a no obligation quote for your new Will. If you require a home or hospital visit this can be arranged.
Even if you think you have a relatively simple estate or family situation, your assets can be protected through efficient tax planning.
Where your estate or family situation is more complex, your assets can be protected and distributed in accordance with your wishes through a well-structured and tax efficient Will. For clients with more complex estates we are happy to work alongside independent financial experts where specific financial advice is required.
In addition to a well-drawn up Will, trusts can often be established as part of the estate planning process and can be used as a tax efficient means of passing on assets. Trusts are also useful as they allow the person responsible for setting up the trust to retain a degree of control as to the way in which the assets which are placed in trust are to be managed for the beneficiaries
Trusts can be created in your lifetime or under the terms of your Will and may arise when:
The law surroundings trusts and estate planning is complex and it is important to ensure you obtain expert legal advice. This is where we can assist you and please feel free to contact us to discuss this.