Will Writing Service
Making Your Will
There are a variety of very practical reasons to make a will but the most important reason is your own peace of mind. Dealing with someone’s affairs after their death is often difficult for those left behind no matter how modest the estate. Having a will leaves your affairs in order and means those who are left behind will have no doubts as to your wishes with less scope for dispute or misunderstanding.
Inheritance Tax
With property prices having risen so dramatically in recent years even people with relatively modest means may now be liable for inheritance tax and nobody wants to pay more tax than they need. A well-prepared will is the major way to minimise potential tax liability.
Why Everyone Should Make a Will
- It arranges for the disposal of your property and belongings according
to your wishes and not according to government legislation
- It deals with the disposal of cherished items
- It minimises tax liability
- It can incorporate your wishes as to your preferred funeral arrangements
- It appoints suitable people (the executors) to carry out your wishes
- It can appoint guardians for children
- It reduces the likelihood of disputes and difficulties for those left
behind
- It can provide much needed funding to charity (38% of public donations
come from legacy donations via wills)
How Your Will Could Help CALL
Startling fact: 38% of charity income nationally comes from legacy donations.
The work of CALL relies heavily on charitable donations to continue providing emotional support and practical home-based help to people living with cancer, their carers and families.
A charitable donation to CALL made through your will is simple to arrange. Also, donations made to charity either in your lifetime or by will reduce your overall estate value, helping to minimise tax liability.
Important Points to Keep in Mind
Seek Professional Advice
D.I.Y wills or relatively cheap will writing services can create
more problems than they solve. We strongly recommend that you consult a solicitor
to ensure a proper, valid will is drawn up which accurately reflects your
wishes and considers how best to achieve these in a tax effective manner.
See below for special offer discount from a professional solicitor.
Making Changes
Having made a will you may want to make changes in order to add a gift or
alter the amount of a gift. Don’t be put off making a change because
you think it might be complicated or expensive. In these circumstances it
is not always necessary to rewrite the whole will; you simply add a Codicil
but it must be witnessed in the same way as the original document.
Keep Your Will Up To Date
Personal circumstances change over the years; the value of your property may
increase, you may have children or grand children to provide for, you may
divorce or be bereaved.
Whatever the changes, your will should reflect your current situation and commitments. It is recommended that your will is reviewed at least once every five years.
Types of Gift
Pecuniary - a specific amount of money (which may need updating to allow for inflation)
Specific - a specific gift of land, items of property, value of shares or insurance policies
Residuary - after you have provided for family and friends, this gift leaves what is left of your estate to charity.
Please consider including a donation for CALL in your will. Even a
small amount can make a difference.
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Contact: Kevin Loft on 0161 834 6066
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