Will Writing

Are your wishes for your estate to be passed to your loved ones? If so, making a Will is essential

Will Writing - some facts to consider:

  • Two out of three people have not yet made a Will and those that have, may not have the correct Will in place.
  • An estimated 70,000 people per year must sell their homes to pay for care.
  • A considerable proportion of any inheritance is lost in future divorce settlements, to creditors or bankruptcy and unnecessary taxation.
  • If you own a business or a share of a business, then your spouse / partner and children may not inherit your share of a business.
Will writing

So why do I need a Will?

The reality is that you can put off writing a Will until it is too late, and this poses all sorts of problems for loved ones left behind. It could mean that some, or all your inheritance, either goes to the wrong person or to the state.

Everyone needs to make a Will. Anyone with dependant relatives must do so. Anyone who owns a property or has any type of asset which you would wish relatives, friends, or charities to benefit from should also make a Will.

A Will enables you to plan exactly what will happen to your property (estate) following your demise. This ensures that those you would like to benefit do so, in accordance with your wishes and at the same time avoiding any disputes between relatives.

What reasons are there for writing a Will?

Children
Newly Married Couples
Property
Small businesses
Unmarried couples
Divorced
Change in circumstances
Pets

Can a Will help to reduce Inheritance Tax?

If you die intestate (without a will) there are strict laws about to whom and how your estate is distributed (see HMRC website for further information). 

This causes two problems. First, the money may not go where you want, and secondly, it is likely to be inefficient for inheritance tax purposes.

The law says you must pay 40% tax on any assets worth over £325,000. People with valuable houses or larger estates could therefore pay a fortune. However, there are many legal ways you can plan to reduce this.

Bigmore Wills & Probate Free Consultation

Bigmore Wills & Probate offer an initial, free consultation where we will listen to your wishes, discuss your options, and answer your questions. We will carefully guide you through the Will Writing process.

Depending on your circumstances we might discuss:

  • Mutual Wills
  • Mirror Wills
  • Business/Farm/Literacy Interest Wills
  • Islamic Wills
  • Advice on Property Abroad
  • Last Power of Attorney both Financial and Health (LPAs)
  • Trusts
  • Provisions of vulnerable people (both children and adult)
  • Estate Planning
  • General Inheritance Tax advice

We may also discuss estate planning services such as trusts, lasting powers of attorney, equity release, probate, and funeral plans.

The Financial Conduct Authority does not regulate Will writing, Trusts or tax advice.

Bigmore Wills & Probate

Telephone: 01932 253939

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"I can highly recommend Bigmore Will Writing for an extremely professional and friendly service - sorting out your will isn’t an easy task and at times can be uncomfortable and difficult to think about, but Luke made the whole process a lot easier and very smooth."

Lucy Probert
Teaching Assistant and carer to Autistic son, Cornwall

"Having looked at a few options for will writing we settled on Bigmore Will Writing and from the outset we were confident we made the correct decision. I would thoroughly recommend Bigmore Will Writing to anyone looking for a will."

Lee Walstow
Insurance Brooker, Walton on Thames

We are here to help you

Contact Bigmore Wills & Probate today to discuss your Will Writing requirements.

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