Wills & Inheritance Tax

Wills

A Will is essential in order to set out what will happen to your property and money upon death.

IF YOU DO NOT HAVE A WILL – your Estate may not pass to your spouse/partner but be shared with your children thereby causing difficulties. The simple exercise of completing a Will prepared by a Solicitor will enable you to:-

• Appoint Executors who you want to administer your Estate.
• Give away specific items or legacies of money.
• Make a gift to Charities.
• Decide who will receive the majority of your Estate.
• Create a Trust (such as the right for your spouse or partner to live in your property).
• Appoint a Guardian for your children.
• Direct burial or cremation.

PUT YOUR AFFAIRS IN ORDER – MAKE A WILL

Inheritance Tax

Our experienced Partner can assess your position and advise upon the necessary action required to minimise potential Inheritance Tax liability – there is much that can be done to improve your position if you act promptly.

Even after a death it is sometimes possible for a Solicitor to prepare a Deed of Variation to greatly reduce Inheritance Tax liability.

Remember – the rate of Inheritance Tax which applies is 40%!