If making a Will is something you’ve been putting off or just not got around to yet, here are 7 compelling reasons to make it a priority for 2022.
Making a Lasting Power of Attorney for your business
What would happen if you couldn’t run your business? Is there someone else with access to the business bank account and finances? Who can you trust to take the reins? The only way to avoid severe disruption and pass control to someone you trust is by making a Lasting Power of Attorney (LPA).
Why you should cross ‘make a Will’ of your to-do list
Research shows that almost two thirds of UK adults don’t have a Will. That’s not to say they don’t know the importance of having one; it’s often just that they haven’t got around to it yet. Sadly, putting it off until tomorrow could mean your loved ones lose out on what you hoped to leave them in the future.
What’s mine is yours… the disadvantages of Mirror Wills
It is common practice for couples to leave everything to each other in their Wills, with the estate passing on to their children when the surviving partner dies. However, this arrangement – known as Mirror Wills – may not protect your children from losing their inheritance in the future.
The Myth of Common Law Marriage – your rights if a partner dies
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 This can be particularly devastating if one half of a couple dies without a Will or with a Will that is out-of-date.
Will review: Helping to protect your loved ones in these uncertain times
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.
Why use a Trust as well as a Will?
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.
Making a will has given me peace of mind
After a decade of procrastinating, RfM Creative Consultant Alison Arthington recently made her Will with RfM Legal Services. Here she explains why she finally ticked it off her to do list and how she found the experience.
Who should you appoint as executor of your Will?
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.
What’s putting you off writing a Will?
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.
Mistakes to avoid when writing your Will
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.
Could your loved ones’ inheritance be at risk?
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.
Legal link: Meet our Barrister Intermediary Sharon Rigden
Should you need to call on us for legal services, our barrister intermediary, Sharon Rigden, will be your first point of contact and the vital link between you and your legal team. Here we introduce Sharon, explain what she will be doing and tell you why she’s just perfect for the job…
Inheritance Tax planning and reliefs
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.
