In our second post in the series on wills, we look at questions you should ask yourself to determine whether you need a will.
Do you want to make sure that only those you want to benefit will benefit from your estate?
Do you want to spare your loved ones hassle, possible arguments and extra cost after your death?
Would you prefer to decide the terms of any trusts that will come into effect on your death yourself or leave it to others?
Do you have any transferable nil rate band available as a result of the death of your former spouse?
Do you know the potential IHT liabilities that may arise on your and your spouse’s death? You should! Would you rather that less money went to HMRC and more to your family?
If the answer is “yes” to any of the above, you should seriously consider making a will.
In the next posts, we will look at tax reasons for making a will – including the transferable nil rate band. We’ll also look at practical reasons. Subscribe to our blog to make sure you don’t miss these posts.
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.