Open discussions with your legal advisor are essential when drafting your Will and discussing your estate because if information is omitted your advisor will not be able to provide you with proper advice.
For example, if you forget to advise your advisor of a large gift to a child we can not provide you with proper advice on inheritance tax as the gift forms part of your estate for 7 years and this could be significant depending on your circumstances. Similarly, if you do not mention a dependant family member we can not advise you on potential claims against your estate.
Be open and clear when drafting your Will, remember that everything you tell the advisor is confidential and will be listened to with a sympathetic ear.
A recent survey showed that over 60% of adults in the UK have not made a Will, and more alarmingly 74% of co-habiting couples do not have a Will. Without a valid Will, your loved ones will have little control on the inheritance of your estate. Take control and make your Will today.
To speak to one of our team further about making your Will, registering your Will, or updating an existing Will then contact us today. Our team of friendly, professional experts would be more than happy to speak with you on the telephone and arrange an appointment at one of offices in Boston, Grantham, Lincoln, Newark, Sleaford and Spalding.