Why make a will?

Avoid intestacy

If you die without making a will the distribution of your assets will be governed by the rules of intestacy rather than your wishes. 

Take control

The most crucial aspect of making a will is that your assets can be disposed of as you wish, ensuring that those who you want to benefit do. It also ensures that those dealing with funeral arrangements are aware of your wishes. 

Making a will allows you to appoint people you think best suited to deal with  your estate and provides a means of giving them the crucial information they need to allow the beneficiaries to be identified, saving time and money. 

Look after your children

It is particularly important that those with children have a will, as it in it you can appoint guardians who will look after your minor children in the event of your death. A will also allows you to make provision for children and have a say in how your assets are applied for their benefit. A will also allows you to protect the position of any children from a current or previous marriage.

Minimise Inheritance Tax Liability

On death, over a certain threshold the value of the assets at your death are taxed at 40%. Making will gives an opportunity to consider how to minimise the Inheritance Tax payable on your estate.

Give yourself peace of mind

Knowing that you have dealt with your affairs, made provision for you loved ones and made your wishes known can help give you peace of mind.

Want to find out more?  Contact suzannah@landraylegal.com