Why put if off any longer

Making a Will is one of those jobs which many of us put off for another day, but why wait until the increase in VAT takes effect on the 4 January 2011 and let it end up costing you more?

A Will is an important document to ensure that your wishes are followed after your death. Why would you want to work hard to provide for your loved ones, only for the ones you want to receive your estate to be left out if you rely on the Law of Intestacy.

If you die without making a Will the Law of Intestacy provides a strict order as to who will inherit your estate in the event of your death which may not necessarily be those you would have chosen. This is especially relevant to those of you who co-habit, are separated but not yet divorced or have children by a former partner.

Why not take a short period of your time to come in and talk to us about your family circumstances and we can inform you of who will benefit from your estate after your death . You may be very unpleasantly surprised at the result. There is no obligation for you to take this matter any further but you would at least be in a position to make an informed decision as to whether your estate will be passed to the right people.

A Will is a relatively inexpensive document to have drawn up, but would give you the peace of mind that those you love receive what you would want them to have.

Another aspect of your estate which is always sensible to consider is your position in relation to the payment of Inheritance Tax.

Despite much press coverage in the run up to the election the coalition government has decided to shelve their plan to increase the Inheritance tax threshold. With the present allowance of £325,000 remaining in place for the foreseeable future and no plans to change the legislation allowing for the unused allowance of the first person of a married couple to die to be reclaimed on the death of the second person, now may be a good time to consider your Inheritance Tax position.

Take advantage of the next few months and come in for an appointment to consider your estate so that you have time to make or update your Will prior to the increase in VAT..........surely you have given the Chancellor enough of your money in your lifetime........why give him anymore than necessary?

Contact Melanie Cotterill at Wolferstans Solicitors on 01752 292244 to find out more