Looking for advice on how to plan for the future? Not sure where to begin? Let us guide you.

We provide the following services. 

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Why make a Will?

Making a Will provides control over the distribution of your assets: When you make a will, you can specify how you want your assets to be distributed after you pass away. This can include property, money, investments, and personal possessions. Without a will, your assets will be distributed according to the rules of intestacy, which may not reflect your wishes.

Providing for your loved ones: In your will, you can also specify who should receive your assets and how much they should receive. This can help provide for your loved ones and ensure that they are taken care of after you pass away.

Naming an executor: When you make a will, you can name an executor who will be responsible for carrying out your wishes after you pass away. This can help ensure that your assets are distributed according to your wishes and can also help avoid disputes among your loved ones.

Minimising taxes: By making a will, you can also take steps to minimise the amount of inheritance tax that will be due on your estate. For example, you can make gifts to your loved ones during your lifetime or set up trusts to help reduce the value of your estate.

Peace of mind: Making a will can provide you with peace of mind knowing that your wishes will be carried out and your loved ones will be taken care of after you pass away.

Overall, making a will is an important step in planning for the future and ensuring that your wishes are carried out after you pass away. 

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Life events that could require a Will, or an updated Will.

Birth of a child  / Grandchild

Marriage 

Divorce

Financial changes e.g. new home, new job, inheritance 

Death of a loved one

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Lasting Power of Attorney

One way to plan for the future is by creating what is called a lasting power of attorney (LPA). An LPA is a simple way for you to choose someone you trust to make decisions for you. An LPA is a legal document that you name the people you would like to make decisions for you when you do not want to or can’t make some decisions yourself. You can make an LPA for decisions about your Property and Financial Affairs or about your Health and Welfare.​ If there is not an LPA in place the Court of Protection will appoint a deputy to act on your behalf, and this person may not be somebody you would have appointed.

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Trusts

A Trust is an arrangement whereby persons (the trustees) hold and administer property or money for the benefit of others (the beneficiaries). The Trustees become the legal “owners” of the Trust property. At Your Will Service, we offer specialist advice in a range trusts in order to ensure what is left to them does not face unnecessary tax, can continue to be administered without the appointment by the courts of a receiver.

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Inheritance Tax Planning

Inheritance tax (IHT) is a tax that may be payable when you die. Whether it has to be paid, and how much, is based on the value of your assets. An asset is anything of value that is owned, for example cash, investments, businesses, cars, homes, payouts from life assurance etc. ​​