In this publication I am going to give you 5 compelling reasons why you should make a will.
Whilst of course there are many reasons to make a will, a lot of the information available in other publications is in depth and I believe goes over the heads of most and only serves to confuse them more.
5 Reasons
- State who you would like to deal with your will after your demise
- State how you would like you funeral conducted ie burial/cremation
- Advise of your wishes in respect of organ donation
- Put in place provisions to help with Inheritance Tax planning
- State who will receive what after your death, ie property, investments, chattels (personal belongings) etc
Dealing with your will
In your will you state who your executor/s is/are, you can just have one but it would be better to have two, especially where the upkeep of young children would be involved. Your executors will adminster your will after your death, very often they wouild call upon the services of professionals to assist them, care should be taken as banks will often want to charge a percentage of the estate in the region of 4% - 6%, whilst solicitors are around 2% - 3%. For a fixed fee for your Probate requirements click here
Funeral Arrangements
You can state how you would like your funeral arrangements to be dealt with, for instance burial or cremation, music, post funeral arrangements and many many more of your personal preferences. Just take a moment to consider how you would feel if you had to make this decision for somebody!
Organ Donation
You can state whether or not you would like to donate any of your organs after your death, or indeed your whole body for medical research purposes, again a decision you would not want to make for another.
Inheritance Tax Planning
It is not uncommon for peoples estates to attract Inheritance Tax liabilities, decisions you make now could help to avoid these taxes being paid to the government. With the use of allowances and Trusts you can mitigate or minimise any liability that may arise.
Distribution of your estate
In your will you will state who will receive your property, this will include property with a real value, houses, cars, investments as well as items with a sentimental value like wedding rings, jewellery etc.
So, as I said in the beginning I wanted to offer 5 compelling reasons to make your will, I do hope you agree that the 5 reasons chosen, the majority will relate to? If you can think of others then please let me know.
Don't let cost be a barrier, you can get your will here for £29.95 (single) or £49.95 (joint), if you don't feel comfortable doing your own will online and would prefer somebody to discuss your wishes with then click here and request a callback to arrange an appointment with a willwriter over the telephone.
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