TP Legal has vast experience, combined with an ability to think laterally and produce creative solutions, producing bespoke estate-planning solutions worked to meet a range of objectives, including reducing inheritance tax, safeguarding family wealth and guaranteeing individuals’ assets pass to the right people.
The effects of not making a Will can be distressing for those left behind, both emotionally and financially.
Making a considered and legally sound Will allows you to:
- Guarantee that those left behind are properly looked after
- Choose the right guardians for your dependents or children under the age of 18
- Reduce tax liabilities for the beneficiaries of your Will after you have died.
- Determine who should receive your personal items that have sentimental value rather than have your possessions all being treated in the same way.
- Make a funeral plan designed around your wishes.
- Have peace of mind that you have personally chosen an Executor that you trust to perform your wishes.
- Avoid family disputes by making your wishes clear.
If you die without making a will, the Intestacy laws decide who receives your estate, and this can result in your property passing to people that you would otherwise have excluded; it can also result in beneficiaries that you would like to favour receiving smaller legacies that you would otherwise wish.
Another substantial benefit of having a Will is that you can arrange the division of your estate in such a way as to ensure that you are reducing your Inheritance Tax liability. Inheritance Tax is currently payable at 40% of the value of everything you own over £325,000.
At TP Legal, we are proud to offer clear and unambiguous advice. We also advise on the benefit of more complicated estate planning measures.
Our expert will writing solicitors can advise you on making a Will or updating your existing Will. We participate in Will Aid and Free wills month. Obtain Online Will Quote or contact at 01483 751878 today.
If you have any questions or need help with Will Writing Services or any other queries, please don’t hesitate to get in touch with one of our specialist team of expert solicitors.