Why do I need a Will?

The vast majority of people put off making a Will for a variety of reasons, either believing that the people they would wish to inherit will automatically do so, or because they don’t think it is relevant to them at this particular time.

The reality is that you can put off making a Will until it is too late and this poses all sorts of problems for the people left behind and could mean that some or all of your inheritance either goes to the wrong person or to the state.

Affording you Peace of Mind
  
Making a Will enables you to plan exactly what will happen to your property (estate) following your demise. This ensures that those you would like to benefit actually do so, in accordance with your wishes and at the same time avoiding any possible disputes between relatives.

Who needs to make a Will?

The answer is Everyone. In particular, anyone with dependant relatives, (children under the age of 18, elderly relatives or relatives with a disability who have special needs), anyone who owns property or has any type of asset which you would wish relatives, friends or charities to benefit from.

So what happens if I don’t make a Will?

This is called dying Intestate. There are specific rules of intestacy which set out who will inherit and by how much if you do not leave a valid will, this may not be what you would have wished and in the worst case scenarios where relatives cannot be traced, your assets will be taken by the Crown.

If you haven’t made a Will ACT NOW!

We offer a will writing service with a single will costing from  just £75 + VAT and Mirror Wills from just £99 + VAT

Inheritance Tax Planning

You don’t have to be seriously wealthy for your estate to be subject to Inheritance Tax (IHT) after you die. Currently IHT is levied on everything you leave over £325,000 (2009/10). Inheritance Tax Planning is a complex subject and it is important to obtain professional advice if you have any concerns about your particular requirements, as this could save you thousands of pounds of potential lost tax.

You might consider taking advice on IHT planning to:-

• Keep your assets within your family
• Protect your Nil Rate Band if you were to die and your partner re- marry
• Protect assets passed to children or grandchildren from the risk of them becoming bankrupt or divorced.
• Reduce an IHT liability
• Avoid an IHT liability

At Simon Miller Property Investments we work with Financial Advisers and Solicitors who specialize in giving impartial advice in this complex area.

For further information please contact us

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