8 things you need to know about wills

We all know that we should write a will. This crucial document is the only way to ensure your estate is distributed in line with your wishes when you pass away. But it’s something many people put off and it could mean intended beneficiaries don’t benefit from your estate. A survey from Royal London found that 57% of UK adults don’t have a will in place. Without a will, your estate will be distributed according to intestacy rules. These outline a strict line of inheritance. In ...

Discussing your will with loved ones

Talking about your will and wishes for after you pass away can be incredibly difficult. However, it’s a step that can also make financial and practical sense, but many are putting off. Before we take a look at the benefits of discussing your will with loved ones, we want to highlight how important making a will to begin with is. Writing a will is the only way to ensure your assets, from property and investments through to sentimental items are distributed according to your wishes. Without a will in place, your entire ...

Not made a will? Here’s the perfect solution

Not made a will? Here's the perfect solutionAre you one of the 51% of people in the UK who have not made a will? If you are, it’s probably on your to do list, and you’ve just not got around to it yet. In November, there’s a solution to this problem coming to a solicitor’s practice near you. Read on and we’ll explain all you need to know. But before we do, here are a few reasons why you should make a will: It’s the best way of confirming how you want your ...

Inheritance Tax: A quick guide to the recent changes

Understandably, much of the focus in the world of personal finance has been on the pension changes announced last year and implemented in April. However, there are also big changes on the horizon for Inheritance Tax (IHT) and with a recent survey from LV= showing that millions of people will rely on an inheritance to fund a comfortable retirement, we thought we’d take a look at what’s changed, whilst explaining some other IHT ‘basics’. What’s changed? The big change, announced by George Osborne in his recent Budget, is that IHT will be scrapped ...