Will Writing Service
Plan for the future
Many people are unaware that if they do not leave a Will, their estates will be distributed under what is known as the intestacy rules which are set by legislation. It is often likely that the intestacy rules do not properly reflect how you would like your estate to be dealt with on your death. It is therefore imperative that you make a Will to ensure that your wishes are carried out. You can also include in your Wills your wishes regarding your funeral, the appointment of guardians, the setting up of trusts, and in some circumstances avoid or at least reduce your inheritance tax bill.
At Adams Harrison, we are able to advise on tailor-made Wills and on tax planning opportunities through gifts, trusts, and other arrangements.
If you need to apply for a Grant of Probate, we can also help. Take a look at the relevant section.
10 good reasons for making a will:
- To ensure your assets are left to those you choose or who will need to be looked after following your death
- To choose someone to deal with your estate (all your assets adn property), known as an executor. You can choose up to four people. These can be individuals or professionals
- To choose guardians to care for any infant children you leave behind. Otherwise, there may be disagreements between family and/or close friends
- To minimise the amount of inheritance tax that is paid when you die
- To provide for your children. There will need to be a trust for your children under the age of 18, looked after by your executor(s), as trustees
- To leave legacies (specific items or money) to any named person of your choosing
- To leave money to a charity – this is exempt from Inheritance Tax
- To enable a business you are involved in to continue after your death
- To ensure heirlooms are kept in the family
- To record your wishes regarding funeral arrangements
Please read this article if you are thinking about making a DIY Will.