Will Writing for over 50's
Once you reach your fifties and approach retirement, you really want to be sure that everything is in place with regard to your estate. By this time you should have a pretty good idea of the value of your estate.
And if not, it would be a good thing to have it valued because now is the time to discover if your estate has reached a value that will take it over the Inheritance Tax threshold and if so, now is the time to take action to do something about it.
If you have been running your own business for some years now, it may be worth a considerable sum. Does your Will reflect how it is to be dealt with? Has it been established who will continue to run it once you are gone? Will you keep it in the family? Or will it be sold to have the profits distributed amongst your beneficiaries?
If not already done, and if the greatest part of your estate lies in your property and the investments you have made, you should consider upgrading the trust clauses in your and your spouse/partner’s Wills to “flexible life interest trust clause”. This will allow you to not only protect half your property but also half your investments for the benefit of your children.
The good news is that it is very easy to have a new Will prepared to protect the fullness of your estate. An initial consultation with us need take no more than an hour, after which we can prepare your Will in accordance with your wishes before presenting it to you for signing and witnessing.