Making A Will

24 May, 2016 | News

Citizens advice stated it had 3,747 people enquired to the charity regarding dying without a will. This has increased from 1,522 such enquiries since 2011.

A recent YouGov survey also found nearly two thirds of British adults didn’t have a will.

Having a will will help ensure your assets are passed on to whom you wish, as well as making provisions for dependants.

What happens if there is no will?

  • If someone dies without a will, the rules of intestacy will dictate how their money, property and other assets should be allocated. This could not be how the deceased may have wished
  • Unmarried partners and partners who are not in a civil partnership will not inherit without a will, even if they live together.
  • In the event of there being no surviving relatives who could inherit the estate under the laws of intestacy, the estate passes to the crown

A will and trusts can also help mitigate inheritance tax and ensure money is used by the beneficiaries ho the deceased would like, as well as protecting against marriage and divorce of dependants in the future.

Future Asset Management work with a national solicitor firm. We can assist clients with understanding their situation and provide a personalised Estate Planning Report which will show how the areas of concern can be addressed

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