Life is full of twists and turns and none of us can be sure what the future holds. That’s why creating a will makes good sense. As more and more people realise the importance of making a will, it’s no longer seen as something just for the elderly or ill but simply part of sound financial planning for any family or individual.
The increasing complexity of modern family life has made Will planning more important than ever. Second marriages are common and estates are often larger than might be expected. Even so, many people do not have adequate Wills.
A well drafted Will enables you to:
- Choose how your property and possessions will be dealt with in the event of death
- Provide for your surviving spouse and children and appoint guardians
- Give particular gifts or sums of money to named people or organisations, including charities
- Protect your assets against your spouse’s remarriage or assessment to care home fees
- Maximise Business and Agricultural Reliefs for Inheritance Tax
A poorly drafted Will can make your estate much more complex to deal with, and can result in beneficiaries not receiving the gifts you intended, increased tax liabilities, claims by disappointed beneficiaries and even challenges to the very validity of the Will itself.
Wills should form the cornerstone of Inheritance Tax and wealth planning for all families and individuals. Properly structured Wills and property ownership can result in very significant savings in Inheritance Tax, and can also assist in protecting assets against care home fees.
However, not everyone needs the same type of Will. In order to best advise you on the most appropriate Will for your individual situation we take full details of your estate and personal circumstances, including any particular concerns you may have or situations you wish to provide for. We can prepare anything from the simplest Will to much more complex documents incorporating trusts and tax planning provisions, depending on your requirements.
At Double and Megson, our lawyers have in-depth knowledge in all areas of wills and can help you create a will that’s right for you and your family. Don’t worry if you’ve never discussed wills before – our friendly solicitors will put you at ease, explaining everything clearly with no legal jargon.
To arrange a discussion with one of our solicitors call us on Bourne (01778) 423376 or Market Deeping (01778) 341494.
You can also instruct us online. All you have to do is fill out our Contact form providing us with your name, contact information and any other details which may be useful. We will get in touch as soon as possible with an estimate of costs and details of whom to contact at Double & Megson.
We can also advise you on the benefits of a Lasting Powers of Attorney and give you advice to the merits of preparing one in your particular circumstances. We also have in-depth knowledge in all areas of Probate / Administration of Estates.