Why Trust a Professional for Your Will?
When the time comes to think about the future and how we'd like our assets to be distributed, it's only natural to want the process to be as seamless and foolproof as possible. And while the idea of writing your own will might seem tempting, there are numerous factors to consider.
DIY Wills: A Risky Business?
Crafting your own will might seem like a straightforward endeavor, but there are pitfalls that can jeopardise your final wishes. Some of the potential hiccups include:
Inheritance Tax Issues: Without professional guidance, your estate could unwittingly become subject to avoidable inheritance taxes.
Gifts Going Void: For instance, if a beneficiary is also a witness, they might not receive what you intended.
Potential for Disputes: Unintentionally excluding someone can lead to contentious legal challenges down the road.
Guardianship Dilemmas: Failing to clearly name a guardian for minor children might create future complications.
The Professional Touch: Why Expertise Matters
So why trust a professional will writer?
Tailored Estate Planning: They'll thoroughly review your assets and liabilities, guiding you to limit potential inheritance tax.
Consideration of Family Dynamics: Professionals can provide nuanced advice that accounts for your unique family situation.
Guarding Against Challenges: If you intend to exclude someone, they'll help you understand the potential repercussions.
Trust Discussions: Professionals can advise on the right types of trusts to shield your estate and loved ones.
Legal Authenticity: They'll ensure your will is valid by evaluating your capacity and ruling out undue influence.
The Future is in Your Hands
There's no better time than now to think about tomorrow. For peace of mind and the assurance that your wishes will be respected, reach out to us today, we understand how much your legacy means. Let the experts help ensure it's secured just as you wish it to be.
Colin Barrett-Treen is a Director & Principal Estate Planner at Peritum Wills.
Ancojada wills Limited trading as Peritum Wills is not authorised or regulated to provide financial advice.
All financial advice is provided by other regulated businesses.
The Financial Conduct Authority does not regulate Taxation, Trust advice or Will writing.
Trusts are a highly complex area of financial planning.
Information provided and any opinions expressed are for general guidance only and not personal to your circumstances, nor are they intended to provide specific advice.
Tax laws are subject to change and taxation will vary depending on individual circumstances.
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