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Don t leave your family and children with extra expense and hassle.
People who die without an up to date will, or intestate, leave complications and costs to their family and often gift thousands of £’s to the Nation in what may be avoidable Inheritance Tax (IHT).

The Law Society says that anyone with possessions and family or friends should make a will, disregarding of their age. It is especially important if you are not married to your partner, because the law does not give partners the same rights of inheritance as spouses.
Property that is owned jointly by unmarried partners on a joint tenancy basis would still pass automatically to the living partner under the rules of survivorship. Under the current intestacy rules, an unmarried partner has no rights to property or assets that were not jointly held (although the Law Commission has recently proposed to change this).

Making a will is also vital if you have kids, as you can propose guardians to care for them.

It is important to produce a list of assets and debts and their approximate worth. Include your property, investment, nest egg, insurance policies and pensions.
In addition, consider making specific bequests. Merely informing a family member that an item will be his or hers one day could cause upset later.

You should take professional advice on IHT planning as part of writing your will. Easy measures could save the beneficiaries of more well-to-do homeowners thousands of pounds in tax.

An important component of affecting a will is the naming of executors to ensure that your will wishes are executed.

You should also your will every few years or so and whenever your situation are altered by a important life event, such as wedding, split up or a birth or death in the close family. Another example would be after a house purchase or move.

Whoever prepares up your will, make sure at least one copy is kept secure or deposit one with a probate registry.

Consilium Asset Management offer will writing services in Bristol