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Wills |
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It is a well coined phrase but it really is never too early to make a Will. Your Will, is your final testament of how you wish your estate to be divided up after you have died. If you do not leave a valid will on your death, the rules of intestacy will apply and in most cases your estate would be split between a number of people including your spouse, parents, children or siblings. If you are not married or are in a civil partnership and the intestacy rules are applied, your partner may not be entitled to receive anything from your estate.
We advise of all our clients to make a Will to not only ensure that only the intended beneficiaries inherit their assets but also to simplify the administration of your estate at a time that will be difficult for your loved ones.
Furthermore our team can advise you on the ways and means with which to plan your estate to reduce liability for inheritance tax.
For further points of consideration, please see our article - Top 10 questions when making a will.
For further information about Wills please contact a member of CollinsBensonGoldhill's Private Client department: