If a person owns property or has assets it is recommended that they make a Will. 

Why make a Will?

• A Will leaves clear instructions about how your estate should be shared after your death.

• A Will allows you to choose your Executors

• A Will can protect an unmarried partner or step-children who you would wish to provide for.

• A Will allows you to make specific gifts to individuals

• A Will can help with Inheritance Tax and Estate planning

• A Will can safeguard inheritance for disabled or vulnerable beneficiaries

• A clause can be included in your Will to appoint Guardians to look after any children aged under 18 and provide financial arrangements for them.

• If a will is not made then your estate would pass through the rules of intestacy to relatives even if this is not your wish. An unmarried partner would not be provided for and a spouse may not receive as much as you would wish. There may also be a larger inheritance tax bill than necessary.

Considerations

When you make a Will you need to consider the value of your assets and what provisions you wish to make for relatives and friends. You may also want to consider leaving an amount to charity. You will need to decide whether to leave specific sums or gifts for specific people and who you wish to receive the remainder of your assets.

If your assets exceed the Inheritance Tax limit you may also wish to consider Inheritance Tax planning.

How can Roland Robinsons & Fentons help you?

We have the expertise to give the best advice in making a Will, choosing Executors, reviewing your Will, setting up trusts and estate and Inheritance Tax planning.

Please call Clare Jackson (Blackpool Office) on 01253 621432 or Zoe Fleming (Lytham Office) on 01253 724353 for advice on making a Will and for details of our competitive fixed fee packages.