An alarming number of people in the UK do not have a Will. People often believe that their assets will automatically go to their “next of kin” upon their death.
Nobody likes to think about making a Will, and it is often a task many will ‘put off’. However, if you don’t write a will, the intestacy rules will govern the distribution of your estate.
If you are married and do not make a Will, the whole of your estate may not go to your surviving spouse. Similarly, if you are not married, your estate will not go to your partner no matter how long you have been together.
If you have children it is vital that you consider who you would want to be their guardians rather than allowing family members or the Courts to decide.
Wills must be reconsidered if you have a change of circumstances such as marriage, separation or divorce. Your previous Will may no longer be valid.
Planning for the future – Discretionary and ‘Bloodline’ Trust Wills
Discretionary Trust Wills, sometimes known as ‘Bloodline’ Trust Wills can be used to ensure that assets remain within a family, protected against remarriage, divorce or bankruptcy proceedings brought against potential beneficiaries.
These Wills can also offer additional benefits in relation to planning for care.
Our specialist solicitors can guide you through the process and create a bespoke Will for your needs.
Inheritance Tax Planning
Our Wills and Probate solicitors are able to provide all the advice you need in relation to planning for Inheritance Tax and mitigating your estate’s liability
We will explain all relevant exemptions and reliefs including lifetime giving, the transferable nil rate band, spouse exemption, residential nil rate band and agricultural and business property relief
Wills Solicitor in Manchester and Oldham
We will review your estate and provide bespoke advice to you whether you are concerned about Inheritance Tax planning, care of children, protecting your assets on second marriage or simply making sure that personal items such as jewellery reach those you care about.
Garratts can professionally draft or re-draft your will and offer sound and friendly legal advice around the process of creating your will.
We can meet with you at any of our local branch offices throughout Greater Manchester and Oldham.
We are also happy to offer free home, care home or hospital visits to those who need them due to health or mobility problems.