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Inheritance

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Wills

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Wills

A few people are said to delight in rewriting their wills with great frequency, but for most of us writing or revising a will is something that tends to go to the bottom of the to-do list. Yet, keeping your will up to date on a reasonably regular basis is important if you want to be fair to your family and dependants. read more

If you do not have a will, the state will direct who will inherit your estate using the laws of Intestacy. The result could be that your assets would be distributed among your family in ways that you would not want. Your spouse might end up with less than he or she needs and your children could receive more. Friends, charities and more distant relatives you would like to benefit would receive nothing.

If you are not married to your partner or do not have a recognised civil partnership, the chances are that your partner would be left nothing unless you make a will. A will is essential if you have children or dependants who will need looking after. We always advise clients to keep their will up to date. It is not just tax rules that change. Your personal circumstances can make an old will invalid or simply no longer appropriate - marriage, separation, divorce, the birth of children.

How we can help

It is important that your will and any other estate planning reflect the realities of your tax and financial position. We can work with your legal advisers on the best way to structure your will. If you do not have trusted and expert legal advisers who are specialists in estate planning and will writing, we can introduce you to competent specialist advisers. We work closely with a firm of solicitors known as Farnworth Rose and we will be happy to refer you to their capable hands. Alternatively you can contact them directly on their website on www.farnworthrose.co.uk

Or alternatively please contact us on 08454 505060 and we will refer you to a solicitor.

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