RC Southwest Ltd; Professioal Last Will & Testament- £
Writing your Last Will and Testament can be a daunting task, however here are six reasons why we all should make a Will... Reassurance A will is the only way to make sure your savings and possessions (your estate) go to the people and causes that you care about. Looking after your loved ones Although it's hard for loved ones to talk about death, talking about your will can save everyone a lot of worry. Deciding who you want to leave your possessions to (your beneficiaries) can help you make sure they go to the people you intended. Protecting your assets for your future generations A will can ensure that assets are kept within the family and are passed on down the generations. Avoiding disputes Disputes over wills can cause arguments among family members and may even need a solicitor to resolve them. Leaving a will should remove any doubt about whom you want to leave your estate to. Unlike natural, adopted or even illegitimate children, stepchildren have no immediate inheritance rights to their stepfather or mother's assets unless they are specified in a will. Saving on Inheritance Tax With a carefully planned will, you can also cut the Inheritance Tax bill on your estate after your death. For example, Inheritance Tax isn't normally paid on anything you leave to a spouse or civil partner who has their permanent home in the UK. Inheritance Tax is only payable if your estate is worth more than a certain amount. For more information on Inheritance Tax, Gifting and planning, please contact our office. Your Funeral Your Will can be a way to let people know whether you would prefer to be buried or cremated, the type of funeral service and music you would like.