Wills and Trusts Solicitors in Luton
Writing a Will gives you reassurance that your intentions for your money and possessions are hopefully fulfilled following your death. This allows you to be comfortable in the knowledge that your wishes may be followed, and your loved ones will be safeguarded as far as possible. It is also important to get your Will checked regularly to make sure it is up to date. Certain life events affect the provisions of your Will. To protect your wishes, we can review your Will to ensure it remains updated and legally valid.
You may wish to make a financial provision during your lifetime without providing these funds immediately, for example to a child or grandchild, in which case a trust may be helpful. Our specialist advice covers all types of Trusts. You may decide instead to do this through your Will.
Our specialist Wills and Trusts team can help you with the following:
- Will drafting services
- Reviewing Wills
- Interpreting Wills & Trust clauses
- Trust drafting services
- Court of Protection matters
- Advice on the protection of assets
- Succession matters
- Advice on the role and responsibilities of trustees
Our expert team has over 20 years’ experience in advising clients on tax planning in respect of their estate following their death. Tax planning for your estate is necessary to ensure that your assets are hopefully protected for your loved ones.
Our experts cover the following matters:
- Advising on tax planning and the protection of assets
- Advice on Income Tax, Capital Gains Tax and Inheritance Tax
- Advice on Trusts and taxes
- Drafting the relevant documentation to put your wishes in place
Getting your affairs in order following your death is extremely important, and we can help you do this in the most efficient way.
Why make a will?
It is important to make a will, to ensure that your assets pass in accordance with your wishes on your death. If you have young children, making a will also lets you appoint a guardian, in the event that you pass away before the children turn 18. The guardian is someone of your choosing, who will look after your children until they turn 18. Making a will can also include effective tax planning, and ultimately will make it easier for your loved ones to deal with your assets after your death.
What happens if you don’t make a will?
If you don’t have a will, your assets will be distributed in accordance with the intestacy rules. The intestacy rules set out an order of who should inherit. If you are married and have children, your husband or wife will not necessarily inherit everything, as the assets will be split between them and your children. This may not be what you would want or expect to happen, and may not be the best from an inheritance tax of view.
When should you make a will?
There is no wrong time to make a will, it is always better to have one than not have one, but if you have children or if you own any assets, you should make a will as soon as possible. You are never too young to make a will.
Contact our specialist Wills, Trusts and Tax planning team on 01582 343453 to book an appointment.
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