There are many areas of consideration

It is not obligatory by law to prepare a Will for yourself and it is an easy task to put off. However, many problems can arise if you die without leaving a valid Will.

Some of the items to consider when making a Will:

WILLS AND PROBATE


Making A Will

Everyone should consider making a Will. People should also review their Wills regularly, particularly if their circumstances change e.g. they get married, have children or get divorced.

Deciding Who Inherits

The main reason for making a Will is so you can decide who will benefit after your death. If you don't make a Will the people who you want to leave your estate to, may receive little or nothing at all and others who you do not wish to leave anything to may benefit. Making a Will ensures everything is left in accordance with your wishes.


Inheritance Tax

You may wish to make a Will to avoid paying Inheritance Tax which may be payable by your estate on assets over £325,000 (from 6 April 2009). There are simple things that can be done during your lifetime and under your Will to reduce or negate your Inheritance Tax liability.


Appointing Guardians

People may wish to appoint guardians to look after their children if neither parent is alive, or trustees to look after your assets until the children are old enough to take responsibility.

If you fail to appoint Guardians in your Will and both parents die before the children reach 18, the courts will appoint Guardians instead, but they won't necessarily appoint the people that you would have preferred to take care of your children.


Whatever the situation make TrentSide Legal your first choice.