WILLS FOR THE OVER 50's
With retirement approaching, what is the best way to handle your estate to deliver the greatest benefit to your loved ones?
Once you reach your 50s 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 evaluated 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 should be worth some not inconsiderable 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.
To make a FREE no-obligation appointment with one of our Professional Estate Planning Consultants, click here or call the head office on 01843 269165
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" The Newlife Wills team helped me with all my estate planning needs and I can't recommend them enough. Extremely polite, helpful and I now have everything in place for my future, which is a great relief "