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enquiries@bennisonbrown.co.ukThe vast majority of people put off making a Will for a variety of reasons, either believing that the people they would wish to inherit will automatically do so, or because they don't think it is relevant to them at this particular time.
The reality is that you can put off making a Will until it is too late and this poses all sorts of problems for the people left behind and could mean that some or all of your inheritance either goes to the wrong person or to the state.
Firstly, and most importantly is the peace of mind making a Will provides.
Making 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 actually do so, in accordance with your wishes and at the same time avoiding any possible disputes between relatives.
The answer is everyone. In particular, anyone with dependent relatives, (children under the age of 18, elderly relatives or relatives with a disability who have special needs), anyone who owns property or has any type of asset which you would wish relatives, friends or charities to benefit from.
This is a common misconception and dependent on the size of your estate, there are set rules which will be applied to determine who inherits and how much if you do not make a Will.
This is called dying intestate. There are specific rules of intestacy which set out who will inherit and by how much if you do not leave a valid will. This may not be what you would have wished and in the worst case scenarios where relatives cannot be traced, your assets will be taken by the Crown.
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With increasing property and asset wealth, people are now discovering that estate and inheritance tax planning is no longer just a matter for the privileged few.
Bennison Brown Estate Planning was set up for our customers as we are increasingly seeing, particularly in the London area, seemingly ordinary families dragged into facing issues not previously relevant to previous generations and confronted how they protect these assets for future generations.
Bennison Brown Estate Planning Ltd work in conjunction with Countrywide Tax and Trust Corporation providing advice in all aspects of estate planning and asset protection. From organising a simple will, trusts, advice on protecting your home from care or more complex issues such as mitigating tax, we can provide you with the perfect solution to achieve your aspirations.
Countrywide's directors and many members of staff are STEP qualified (Society of Trust and Estate Practitioners) meaning they are internationally recognised experts in their field.