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Wills Trusts & Probate
Why make a Will?
- If you don’t leave a Will, then quite simply, you lose control of what will happen to your assets following your death.
- Whilst broadly speaking your estate will pass to your next of kin, it is not always as straight forward as it may seem for instance, if you leave a spouse, your whole estate may not actually pass to him or her.
- Your next of kin legally may be a family member to whom you wouldn’t wish to leave your estate under normal circumstances.
- A lifetime companion to whom you are not married and who is not a family member will not benefit at all.
- If you have no next of kin, then your estate will pass to the Crown.
- Your estate may be liable for a significant sum of Inheritance Tax, which may not be payable if you have a Will.
- You will not have an Executor to administer your estate. Instead personal representatives will be chosen according to the law and not because you want them to deal with your affairs. The personal representative will only have limited powers to deal with your estate and may not be able to carry out your wishes as you would have liked.
- In leaving a Will you can also make other important decisions, such as appointing Guardians for your children or giving express wishes about the disposal of your body.
Why come to Askew Bunting?
- We have qualified Solicitors who can draw on many years experience and who can provide practical, professional advice from the preparation of a simple Will to providing detailed and technical planning to avoid paying any unnecessary Inheritance Tax.
- We can also advise you on any potential pitfalls which can arise following your death and recommend any measures which can be taken during your lifetime to avoid any problems.
- We offer specialist advice on all matters relating to your Will and Tax Planning. If you would like to discuss matters further in relation to making a Will or reviewing an existing Will then please contact Noel Pugsley (Guisborough Office) on 01287 635151 or e-mail adrienne@askewbuntingllp.co.uk or Andrew Dixon (Middlesbrough Office) on 01642 252555 or e-mail andrew.dixon@askewbuntingllp.co.uk.
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