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WILLS, PROBATE & TAX:
It is all-too-tempting to put it off, yet making a will is undoubtedly one of the most important duties you will ever perform. It enables you to make provision for your family, appoint executors to carry out the terms of your will, and to provide for specific wishes including gifts to friends, relatives and charities.
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By not making a will you run a serious risk that your estate will ultimately be distributed as the law provides, rather than in the way you would have chosen. Our assistance will ensure that all formalities are complied with, and that the terms of your will are practical to administer.
Making a will is also an opportunity to ensure that your affairs are arranged in the most tax-efficient way. Rising house prices have ensured that many individuals of otherwise relatively modest means now find their estates subject to inheritance tax – currently imposed at a rate of 40 per cent on anything above the basic threshold. It is sometimes possible to take simple steps to avoid unnecessary exposure to inheritance tax.
Meanwhile, when someone dies there are many matters for those left behind to deal with. You may well find that the easiest means of sorting out the deceased’s affairs is to place them in our hands, so saving you time and effort, and minimising distress.
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