30 Nov 2023
04 Mar 2021
None of us like to think about death – whether our own or anyone else’s. There are lots of reasons to put off making a Will, and many people do just that. But what about the reasons for getting advice and putting a Will in place? Here are my top three:
3. Tax and Care Fee Planning
With the right advice and guidance, tax bills can be reduced, and assets protected for the next generation. There are many adverts for ‘one-size-fits-all’ protection schemes, but these are fraught with difficulties. Are your circumstances the same as those of the family three doors down your road? Unlikely. With advice tailored to your own family setup, there is scope for savings to be made.
Even if there are no tax or care fee issues for you, what about those who inherit? What about if one of your beneficiaries is disabled or has other issues meaning inheriting a sum of money outright is not in their best interests? With careful planning your Will can be used to protect them – and ensure that the inheritance you leave has the effect that you want.
And top of the chart is:
Without a Will, the law decides who will inherit property. Often, this will not be as you would expect. For example, just because a couple live together one does not automatically inherit the estate of the other. Even where that couple are married or in a civil partnership, not everything necessarily passes to the survivor.
Here at Rubin Lewis O’Brien, we listen to what you want to achieve, we discuss your options, and we work with you to ensure that we find the right solution for you. Call us today on 01633 867000 or fill out this form.