There is an old saying that the two great certainties in life are death and taxes. However, what this expression overlooks is that the two frequently coincide and unless you have a Will in place your estate could be facing a heavier than expected tax burden. Mitigating tax is just one of the many excellent reasons of why you should make a Will.
Apart from tax matters the importance of making a Will cannot be overstated. It means that you get to decided who you leave all your hard earned money to. It allows you to make provision for your dependents. It enables you to make provision for dependents who may need long term special care without any threat to the benefits they are already receiving and also to donate to your favourite charities. Simply put, if you don’t make a Will you can’t do this! In fact what will happen is that your estate will be divided according to a complex set of statutory rules that often means the very people you would have liked to have benefited by your estate will be disinherited. Equally if you have no living relative who is close enough to you to benefit then your entire estate will be transferred directly to the treasury making the taxman the principal benefactor of your estate.
You have made choices about finance all your life and those choices don’t have to stop on your passing. Make a choice today and call one of our expert team to discuss making a Will. It will be about an hour out of your life to instruct us to prepare a Will for you and make a lifetime of difference.