Making a Will is the only way you can be sure what will happen to your property and possessions after your death.
An up to date Will, making your intentions clear makes it much easier for your Executors to administer your estate.
When one of the joint owners passes away, the property automatically passes to the survivor who can do what they want with it. Remember, if you have a simple will and own your property as joint tenants there is no guarantee that your children’s inheritance will be fulfilled.
If you are unfortunate and suffer an accident or an illness that prevent you making your own decisions, if you don’t have a Lasting Power of Attorney your husband/wife/partner and children have no automatic right to manage your affairs..
If your assets are valued at over £325,000 (2009/10) when you die you will be liable to pay Inheritance Tax (at a rate of 40%) on the remainder.
we have advanced inheritance tax planning products which we tailor to meet the clients individual needs.
Probate is the process to establish ownership of an estate before the tax is paid and the assets distributed. It is the responsibility of the executors of a Will who often appoint a professional firm to handle Probate and take on the responsibility for them. Probate is still required where there is no Will..
We all know how easy it is to lose or misplace documents that are kept at home, especially if you move house. Furthermore, with over 64,000 household fires, 1,000,000 burglaries and 2,000,000 homes at risk from flooding each year the statistics are against us.
Please reach us at info@assuredwills4u.com if you cannot find an answer to your question.
A will is a legal document that outlines how a person's assets and property will be distributed after their death.
Having a will is important because it ensures that your assets are distributed according to your wishes after you die. It also helps to minimize family disputes and can make the probate process smoother.
If you die without a will, your assets will be distributed according to state laws, which may not reflect your wishes. Additionally, the probate process can be more complicated and costly without a will.
A Lasting Power of Attorney (LPA) is a legal document that allows someone (the donor) to appoint one or more people (the attorney) to make decisions on their behalf if they are unable to do so in the future.