Estate Planning and Wills
Although everybody believes that at some point they will make a Will, statistics show that as many as 70% of people in the UK die without one.
A will is not just a mechanism for deciding during your lifetime who you would like to benefit from your estate when you die. It is also a method of arranging your estate in such a way as to minimise your liability to Inheritance Tax. If you die without a Will, your estate will be distributed in accordance with the rules of intestacy. This may give rise to an unexpected Inheritance Tax Liability, and could result in your closest family and friends failing to receive the legacies which you would otherwise wish to leave to them.
At Meaby & Co we offer discrete and clear Will advice.
By considering your personal circumstances, we are able to establish:
- who you would like to benefit from your estate (beneficiaries);
- who you would like to manage your affairs following your death (executors);
- whether or not you may be liable for Inheritance Tax (IHT) upon your death;
- how you can minimise your exposure to IHT
Your Will can also be used to appoint guardians for minor children upon your death.
At Meaby & Co we understand that Wills are not just for the elderly and wealthy, they are an important arrangement to ensure that, whatever your circumstances, you have the peace of mind of knowing that your affairs will be in order following your death.
If you would like to discuss your Will & Estate Planning options, please call Peter Russell in our Private Client Department on 0207 703 5034 or e-mail him at pjcr@meaby.co.uk

