Basically, if you die intestate
(i.e. without a Will), it's the law which determines
who gets what, not you - and the legal cost comes out
of your estate, which could amount to considerably
more than the cost of making a Will and having your estate wound up in accordance with that Will. If you have no family
or relatives and die without a Will the Crown gets
all your possessions.
If you have children,
a trust may have to be set up for them - and that has
tax implications, as does inheritance tax, which with
today's property values, now affects more people than
ever before.
Minimising costs and avoiding,
or at least mitigating inheritance tax are equally
pressing reasons for making a Will a priority.
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Having
made a Will, it's equally important to review it periodically
as changes in your financial and/or family circumstances
could affect its contents.
Our solicitors are experienced
in preparing Wills and can ensure you avoid all
the potential pitfalls.
We also provide a complete Executry service to deal with or assist in the winding up of estates whether there is a Will or not.
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