Presignify

Don t leave your loved ones with additional heartache and complications.
People who pass away without a valid will, or intestate, leave complications and costs to their beneficiaries and often gift thousands of pounds to the Country in what may be avoidable Inheritance Tax (IHT).

The Law Society says that anyone with assets and family or friends should make a will, irrespective of their age. It is especially important if you are not married to your partner, because the law does not accord partners the same automatic rights of inheritance as spouses.
Property that is owned jointly by unmarried partners on a joint tenancy basis would still pass automatically to the existing spouse under the rules of survivorship. Under the current intestacy rules, an unmarried partner has no rights to property and assets that were not jointly owned (although the Law Commission has lately suggested to change this).

Creating a will is also vital if you have minors, as you can propose guardians to look after them.

It is essential to make a list of assets and liabilities and their approximate values. Include your properties, investments, nest egg, insurance policies and pensions.
In addition, think about personal legacies. Merely telling a relative that an item will be his or hers one day could cause difficulty later.

You should obtain professional advice on estate planning as part of writing your will. Simple measures could save the beneficiaries of more well-to-do homeowners thousands of £’s in tax.

A key factor of forming a will is the appointment of executors to ensure that your will wishes are carried out.

You should also your will every few years or so and whenever your situation are altered by a substantial life event, such as wedding, split up or a birth or death in the immediate family. Another example would be after a house buy or move.

Whoever makes up your will, make sure one copy is kept safe or deposit 1 with a probate registry.

Consilium provides will writing services in Bristol