clear planning for your future
It is important that every person should have a Will and that their Will should be updated periodically so as to reflect any changes in their circumstances. Wills are often something we have on our “to do list” but never get round to doing.
In the absence of a Will, your Estate and all personal items will pass under the Laws of Intestacy, which is the government’s legislation, which sets out how your Estate should be distributed in the absence of a Will. This is unlikely to reflect your wishes.
our professional will writing service will ensure peace of mind for your loved ones
Will Writing can be a difficult task without expert help but at Watson Thomas Solicitors we can help you write a will giving you the peace of mind that those who you love will be the ones to inherit your assets.
We can also ensure your loved ones receive as much of your estate as possible without allowing the Revenue to take a large share of your estate by way of Inheritance Tax.
If you already have a Will, then why not let us review it for you to ensure it is up-to-date with current legislation? Our friendly and professional Private Client Department is here to help.
what type of will do you need?
basic wills and mirror wills
If your assets do not exceed the threshold at which point inheritance tax becomes payable (currently £325,000) then you will need a basic Will. This will allow you to set out who should be appointed as your Executors and Trustees and who you wish to be the guardians of your children, should you die whilst they remain under the age of 18. A basic Will also covers the distribution of your personal assets before your Estate is divided in accordance with your wishes.
If you and your partner wish to execute similar Wills, then we can produce Mirror Wills by agreement and there is a reduced cost for this service.
tax planning wills
If your assets exceed the Inheritance Tax threshold, you may wish to consider Tax Planning Wills. We can advise you on the most effective tax planning mechanism to preserve your assets so as to enable them to pass down to your beneficiaries.
We provide fixed fees for Tax Planning Wills. Those fees vary from case to case dependent upon the complexity of the case and a fixed fee will be provided to you at your initial meeting.
Many of us do not make a will before we die which can lead to unintended consequences and loved ones missing out on their inheritance.