Contrary to what many people believe, there is no such thing as a ‘common law marriage’ in the UK. No matter how long a couple have been living together, or whether they have children, they do not have the same rights or protections as couples who are married or in a civil partnership. This can be particularly devastating if one half of a couple dies without a Will or with a Will that is out-of-date.
In such uncertain times, we feel privileged that our clients have turned to us as trusted advisors across all the services we offer at RfM. We have been urged by a number of grateful clients to spread the word about our Will review service and encourage others to consider what we usually don’t think about.
Making a Will brings peace of mind that your loved ones will receive the inheritance you wish to give them in the future. However, a Will alone does not always protect against the ‘what ifs’: those unexpected yet common life events that could lead to your loved ones losing their inheritance. Here we look at the benefits of using a Trust alongside a Will to make a formidable estate plan.
After deciding who gets what, the second most important decision you will have to make when writing your Will is who your executors will be. Here we explain the role of the executor to help you make a suitable choice.
Writing a Will is one of those tasks that everyone knows they need to do, but nobody really wants to. That’s because we’d much rather devote our time to thinking about living our lives, rather than what happens after we are gone. We aim to make the experience of writing your Will an easy and comfortable one, so you don’t need to put it off any longer.
Writing a Will is your opportunity to let your loved ones know what you would like to happen to your worldly goods when you die. However, there a number of common mistakes that could lead to your wishes not being carried out correctly.
If making a Will is something you keep meaning to do but haven’t got around to, we can’t stress the importance of moving it up your ‘to do’ list.
Inheritance Tax (IHT) at a rate of 40% may be charged on the estate when someone dies, unless it has been left to a spouse or civil partner. When planning to mitigate the impact of IHT, there are a number of key points and tax reliefs to bear in mind.