Your will may well be the most important document you sign in your life. And whilst no one wants to think about what will happen when the inevitable occurs, it is vital that you plan for the future if you want to ensure that you provide for those who are important to you in the most tax efficient way possible.
Without a will, even if you are married or in a civil partnership, your estate may not pass as you would wish. For unmarried couples, the outcome could be disastrous as assets must pass to blood relatives rather than to a partner. Second marriages, where there are children from the first marriage, can complicate the situation further. The simple solution is a will, the benefits of which are numerous:-
- Appointing executors/trustees of your own choice to administer your estate
- Appointing guardians for your young children
- Choosing who is to receive your possessions or property, and in particular making specific gifts to individuals or charities
- Creating trusts for children or other family members
- Specifying funeral arrangements
- Mitigating inheritance tax liabilities
At Salehs we have extensive experience of preparing wills, and mitigating inheritance tax, whether you have commercial or property interests, where there is a foreign element to your estate, or if you simply wish to protect those closest to you. Don’t leave it until it is too late, contact our team today and safeguard your assets.