Planning your estate: wills

Planning your estate - writing a legally valid willHow to plan and make a legally valid will.

Most people don’t like to think about their own mortality, but planning for the future is important to ensure your estate; property, money and possessions are distributed the way you intend.

Writing a legally valid will is an essential part of this, and can provide peace of mind for you and your loved ones.

Despite this, a study from YouGov found that 62% of the UK’s adult population did not possess a will in 2017. In fact, most people tend to put it off, with only 36% of 45 to 54-year-olds saying they have a will, compared to 67% of over-55s.

When asked why they hadn’t made a will, the main reason was simply that they “hadn’t got round to it yet”.

If you’re among the majority of people in the UK who haven’t drafted a will, this article covers why you need one, how to go about making one, and what could happen if you don’t.

It includes information about Why you need a will, How to go about making a will, Tax considerations, What makes your will legally valid, How to update your will and the Consequences of not making a will.

READ FULL ARTICLE HERE

Contact us for help with the whole process of understanding your estate value, the tax implications  and how to make up your will.

Leave a comment

ICAEW Chartered Accoutnants Logo
The Chartered Institue of Taxation LogoThe Chartered Institute of Taxation
The Association of Taxation Technicians LogoThe Association of Taxation Technicians
Seavorchartered Xero Certified Advisors and Gold Partners