Do you have a valid Will...
If the answer is No my will is not valid, or I do not have a
will, then there is a very good chance that your intended
beneficiaries will be in for a nasty shock.
Why
is it that so many people do not take the time to make a will? In
our experience one of the biggest factors is time, trying to organize
our ever increasing busy lives to sit with a solicitor for the
afternoon is not easy ! Well now you don't have to,
In association with Willdrafters
Archdale IFA have provided a link direct to the Willdrafters web portal, here you can enter a few
basic details, submit them and request your Free Telephone
Consultation with one of their fully trained advisors, and without
obligation. If having given up a few minutes of your time you are
happy to proceed, then you can give your instructions over the
phone and your Will could be ready to sign within days.
If
you are still unsure whether you should make a will, then consider
these points.
If you die without leaving a
valid will, this is known as dying Intestate and your estate will be
dealt with under the Laws of Intestacy:
These are as follows
Married with children: Your spouse will inherit the first £125,000 of
your estate with the balance being split into two, the first half
will go to your children with the other half going into trust for
your children, your spouse will be entitled to the interest on this
half but with no access to capital.
Married
without children: Your spouse will inherit the first £200,000
of your estate, if you still have a parent alive the balance will be
split into two with one half going to the parent and the other to
your spouse. If neither parent is still living then your brothers
and sisters will benefit. If there are no parents, brothers or
sisters, then your spouse will receive the whole of the estate.
Living
Together: If like many others you have decided not to tie the
knot, but still live together, you should know that your partner has
very few rights and in the event of your death they will not be
entitled to anything. They would have to go to court to try and get
any provision from the estate. Ask yourself this question, if
your partner died tomorrow would the dead partners heirs try and
stop you having anything from their estate. If you have children
it is usual only for the mother to have any rights, unless of course
the partner has parental responsibility.
Single
or Divorced: If you are the mother or father of children then
they will share your estate equally, if you have a partner they
would need to make a claim through the courts. If you do not have
any children and your parents are alive they will share the estate
equally, if your parents are no longer living it will be shared
equally amongst your brothers and sisters. If you do not have
brothers and sisters, but you have grandparents alive then they will
share it equally. No grandparents then it will shared among uncles
and aunties, assuming you do not have any living uncles or aunties
then your estate will go to the Crown.
The
one sure way of avoiding these scenario's is to ensure you have a
valid will, if you can't spare a few minutes now, how will you find
the time to deal with the complexity of the Laws of Intestacy later.
Don't
delay, make your will today
Click Here
For
more information on the Laws of Intestacy visit
www.hmrc.gov.uk
The FSA do not regulate
Will Writing
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