Wills

Whilst a potentially difficult subject for most to consider and discuss, ensuring your affairs are in order is arguably the most important aspect of financial planning.

By putting in place some simple arrangements you can make clear your wishes which can alleviate complications after your death and offer reassurance to loved ones faced with making difficult decisions on your behalf.

A will makes it much easier for your family or friends to sort everything out when you die. Without a will the process can be more time consuming and stressful.

If you don’t write a will, everything you own will be shared out in a standard way defined by the law – which isn’t always the way you might want.

A will can help reduce the amount of Inheritance Tax that might be payable on the value of the property and money you leave behind.

Writing a will is especially important if you have children or other family who depend on you financially or if you want to leave something to people outside your immediate family.

Whatever you do, do not assume that a Will drawn up many years ago is still going to hold good. A regular review of its provisions and relevance to your changing circumstances is essential.