Are You Married?

Are you married?

If so, don't assume that everything will automatically pass to your spouse at death. If you haven't made a Will, the Law may decide how your possessions will be distributed, sometimes at the expense of your intended beneficiaries.

If you have children, the surviving spouse would only get the first £125,000 outright and a life interest in half the remainder, with the children getting the rest at age 18. If you don't have children, the surviving spouse would get more, but not necessarily everything, dependant upon the size of your estate.

Don’t leave things to chance! Contact us now to discuss the best course of action in your individual circumstances.

If you're married, do your joint assets exceed £600,000?

If so, make sure that your Wills are correctly drafted so that you are able to take full advantage of current tax allowances. This simple measure could reduce your eventual tax bill by up to £120,000.

The foundation stone is a comprehensive Will, and it’s vital to seek specialist advice in order to properly protect your position and take full advantage of all available allowances. Where appropriate, professionally drafted Wills containing Nil Rate Band Trusts can greatly reduce your exposure to Inheritance Tax.

Contact us now to discuss the best course of action in your individual circumstances.