WILLS & PROBATE

It is surprising the number of people who don’t ever seem to consider having a will put in place, in case something were to happen to them. Whilst it isn’t common to think about the bad or hard times, it is highly advised when you purchase an asset which carries substantial value, to have its fate decided in your own life by yourself rather than leaving your loved ones in limbo after your departure.

 

It’s important to have a will in place because:

If you were to die, there are rules in place to dictate how your money, property or possessions should be allocated.

If you were to die, that may not be the way you would have wished for your assets to have been distributed.

It may be possible to reduce the tax payable on inheritance if a will is made accordingly in advance.

If you are two partners who have not registered a marriage or a civil partnership, The surviving partner cannot inherit from the deceased unless left to them in a will.

You have children, a will would look after their affairs if one or both parents were to die and the guardian is to be appointed in the event of a child being a minor.