Did you know without a valid Will in place it can take up to six months to settle someone’s finances during a difficult time.
Your spouse is only entitled to £250,000 (if there are children) or £450,000 (with no children but other family) plus personal chattels (car, furniture, etc.) as a lump sum if you have not made a Will. For a property owning couple this would cause complications.
Around 2 million families in the UK are liable to Inheritance Tax on their estates - a valid Will can help reduce these costs.
Over 100,000 homes are sold each year to pay for the cost of long term care - a valid Will/Trust can help you ensure your loved ones retain ownership and control.
Making your Will? You will have the knowledge that you have done the best for the ones that you love and care for.
Abacus Associates have a team of experienced Advisers who can take the instructions for your Will or advise on Probate in the privacy of your own home, no matter how complex your affairs may be. We can assure the people or organisations you want to benefit from your estate do so.
"It's never too early but often too late"
Reasons why you should make a Will
Having a Will gives you peace of mind that your wishes are known:
- Appoints guardians for children and passes on parental responsibility
- Protects inheritance for children, step children and grandchildren
- Make funeral requests known
- You may want to leave something to friends, colleagues or charities. This will only happen if you have made a Will
- Making a Will is essential if you are to ensure that as much as possible of your wealth benefits those whom you choose, and is not taken by taxation, unnecessary legal costs and beneficiaries chosen by the law.
What happens if I don't make a Will?
If you have not made a Will it is called "Intestacy". If a person dies without leaving a valid Will he or she is said to die "Intestate".
This may occur because the deceased never made a Will at all, or because the Will was revoked and another was not made, or because the Will is invalid.
The laws of intestacy is in place to say where your estate passes to, who deals with it and what rules they have to follow.
How can we help
We specialise in:
- Single Wills
- Mirrored Wills
- Power of Attorney
- Living Wills
We offer a friendly service with good, down to earth advice that you will understand. To arrange your Will now please contact us.