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There are many reasons why up to two-thirds of people never get around to making a will. But a will remains one of the most important documents that affects the lives and financial wellbeing of those who matter to you. Only by making a will can you control how your assets will be divided between family, friends and charities.

Inheritance Tax

Leaving a charity legacy is a great way to benefit worthy causes but it can also benefit you when it comes to inheritance tax. If you leave charity legacies, not only will the value of those legacies be tax free, the rate of tax on the rest of your estate will be reduced from 40% to 36% if those charity legacies equate to 10% of the taxable estate. Read more…

Handling of your estate

You may want to consider appointing a professional as the executor of your will. Their role can be time consuming and challenging, depending on the size and complexity of your estate and the tax burden on it. It can sometimes be confrontational, mediating between those who are beneficiaries of the estate and those who are not beneficiaries.

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For further advice call us on 020 8187 9881