If you do not have a Will the statutory rules of intestacy apply and it is possible that those you would want to inherit your Estate will not benefit.

Consider the following questions:

1. What happens to my assets if I die without a will?

2. If I have a will is it up to date?

3. Can I achieve any tax savings by use of Trusts?

It is often possible to draw up the will so that it can reduce the amount of inheritance tax (death duties) payable, in addition to ensuring your estate goes to those whom you would wish.

In some circumstances the setting up of a Trust can provide great benefits to all concerned whilst in other circumstances it is best to avoid Trusts.

Bishop Longbotham and Bagnall have the expertise to advice on the drawing up of effective tax efficient wills.

We will give you practical advice on whether or not you should, in order to achieve your wishes, create a Trust and taking into account all your circumstances draw up the most efficient and effective will. We will also consider other matters such as:

placing life policies in Trust to reduce tax;

taking advantage of the inheritance tax exemptions;

re-structuring of Wills so that for married couples some assets pass on the death of the first to die taking advantage of the exempt limit available;

consideration of insurance of the inheritance tax liability.

We look forward to see you to discuss and advise you on these issues.