Stuck for a New Year’s Resolution?
What should your perfect new year’s resolution be? Making a Will if you do not already have one should certainly be near the top of the list.
A professionally drawn Will by a solicitor need only take a few hours and your new year’s resolution can be quickly achieved.
Despite how easy it is to create a Will combined with the vital tax saving benefits which arise, over 60% of adults in the UK are still yet to make this important document.
If you die without a Will there is no guarantee that your assets will go to your family and other loved ones, instead as is often the case only the government benefit.
Without a Will in place various problems can arise, especially in the case of second marriages or in cases where unmarried couples have lived together for a long period.
Furthermore, putting in place a relevant wills often with appropriate trusts can potentially save a fortune in inheritance tax whilst also protecting your legacy for future generations.
Paul Solomons, Managing Partner advises “Ideally, your Will should be reviewed fairly regularly to ensure that those who you wish to benefit continue to do so and to reflect and changes in circumstances that may arise in your family or in the law”.
Solomons Solicitors have offices in both Bournemouth and Christchurch (by appointment). We are solicitors in Bournemouth who are highly experienced in Wills, Trusts, Tax and Estate Planning.