Wills: Don’t put it off……September 22, 2020
We don’t like to think about wills and death, and we don’t like to talk about it to our parents or our children either, but these are conversations that you might need to think about.
Bob Marley died in 1981. He had not made a will. His £20 million estate was claimed by 11-13 children, his widow, members of the Wailers, grandchildren, and business associates. It was finally settled in 2014.
Our lives might not be as complicated as a rock star, but we may have Granny living on her own, and we may have grandchildren around the corner. We might have a new relationship, and there could be children from an earlier marriage. It is important to think about what you want to happen, and important to take steps to make it happen.
You might want to make sure that all your children get a share – make a will
You might want to make sure that your new partner is looked after – make a will
You might want to mitigate the impact of care fees – make a will.
You might want to remember friends and charities – make a will.
You might want to save tax – make a will.
And we can also talk to you about Powers of Attorney. If you were unable to look after your own affairs, who would you trust with your bank account? If you don’t choose, it might end up being the brother whom you haven’t seen for twenty years.
And we can also talk about Deeds of Variation. Imagine you are going to inherit some cash from your father, but you don’t really need it, and you would far rather help your granddaughter who is about to go to university. You can make a Deed of Variation, so that the money goes straight to her, and doesn’t cause you any tax complications at all.
Come and see us if you want a fresh and expert look at your wills. We will listen to you, and make sure your wishes are met.
You can also view our page on Wills, Probate & Lasting Powers of Attorney by clicking on the button below:
This article must not be construed as legal advice. All cases are different on their facts and you should consult with us directly on your case.