Will Writing

What is a Will?

Making a Will ensures that when you die, your estate is dealt with according to your wishes. With effective planning, a Will can also make sure your loved ones are also provided for in a tax-efficient way.

Why write a Will?

• Make sure your money goes to the people you want it to go to
• Minimise inheritance tax
• Name trusted people as executors to sort out your affairs when you die
• Appoint legal guardians for any children who are still minors
• Reflect changes in your life circumstances, such as marriage or divorce, or the birth of children or grandchildren
• Ensure gifts of personal items are left to the right people
• Set up trusts and make gifts to charity.

If you don’t make a Will, the law will divide your estate according to what is known as the rules of intestacy. These rules are very rigid and may not reflect what you’d like to happen to your wealth, or what is most tax-efficient.