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All you need to know about creating a Will
Ready for all the information you need to know about writing your Will?
Over 60% of the UK adult population do not have a valid will. This means that when they pass away their estate will be distributed according to set of rules known as the rules of intestacy.
The much-loved TV veteran, Sir Bruce Forsyth, left his entire fortune to his third wife Wilnelia in order to avoid inheritance tax (IHT) which he described to Radio Times in 2015 as ‘a bit over the top’.
We recommend that people review their wills regularly to make sure they are still up to date and match their wishes and circumstances. We advise reviewing your planning every 3-5 years or on any major life events such as marriage, separation, birth of children, or death of a beneficiary or executor.
When it comes to estate planning we talk a lot about PETs, but not often about pets (of the furry, fluffy and feathery variety). Most pet owners will want to ensure that their pets continue to be cared for after their death, so let’s look at what we need to consider.
Most people collect a lot of ‘stuff’ over the course of their lives. Some valuable in real monetary terms, and some valuable from a sentimental perspective. Much of these personal possessions fall under the definition of ‘personal chattels’.
If your thinking “its about time I wrote my Will”, read on. And if your thinking, as do the majority, “why should I, there is always tomorrow” then you definitely need to read on.
Ken down the pub doesn’t need a will, and neither do you he says. Here’s why:
Avoid intestacy If you die without making a Will, known as dying intestate, then your assets will be distributed according to the rules of intestacy. This will mean that the people you would like to receive your estate may not necessarily inherit it. Appoint executors Executors are the people you choose to carry out your...
In January and February 2018, Certainty Will Searches undertaken by members of the public have produced some interesting results that are worth noting.
The Society of Will Writers is a non-profit making self-regulatory organisation whose primary objectives are the advancement, education and ethical standards within the will writing profession.
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