“Did you know? Any estate which leaves 10% or more to charity pays less Inheritance Tax – 36% rather than 40%.”
According to research, 59% of UK adults haven’t written a will. Writing a will not only makes life easier for those you leave behind, but also gives you more control of what happens to your assets.
Our private client team at Godwins will guide you through writing your will or updating your will to acknowledge changes in your life and wishes.
We can also help make a will in situations where there are complex family, property or business arrangements. You may also want to arrange care for somebody who is vulnerable or disabled, or who may not be able to speak for themselves.
Our team can also advise on Living Wills/Advance Directives. These documents can be important in giving direction to medical practitioners as to what treatments you’d wish to have in a life-threatening situation when you are unable to participate in such discussions.
Writing a will correctly means you won’t have to pay Inheritance Tax unnecessarily. By planning ahead you can give your wealth to whomever you choose, rather than the taxman.
A properly drafted will protects your interests and can also help avoid conflict within your family.
If you don’t draw up a will, the law dictates what happens to your assets after you die. This can be unsatisfactory as it is unlikely to reflect your wishes and can put your nearest and dearest at odds with one another.
We’ve created these guides to give you more information:
To learn more about our team, please click on their bios.