Wills

Many of us are familiar with the saying…..

The only things certain in life are death and taxes.... 

Whilst these certainties are inevitable, we here at WEP can help you to minimise the latter.

There is no legal obligation for you to have a Will, but if you wish to take control of what happens to your property and possessions after your death, you should make a Will. It is the best way to make sure your estate is passed onto family and friends exactly as you wish, in a tax efficient manner. If somebody dies without making a Will they are said to have died “intestate”. The rules of Intestacy lay down a rigid structure of how your estate (property, money and possessions) will be distributed.

Without a valid Will and careful inheritance tax planning:

• Your husband, wife or civil partner may not automatically inherit your estate.
• Guardianship of children under 18 may be unclear, leaving the courts to decide their welfare.
• Your home and other assets may be sold and distributed not in accordance to your wishes.
• Your loved ones could be liable for a 40% tax bill.
• A special gift, intended for a child, friend or charity may not reach them.