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Wills & Tax Planning
Question: Why do I need to make a will?
Answer: Here are some of the reasons why... which one is yours?
- To reduce or eliminate inheritance tax on my assets
- To stop the council using my home to pay for care fess after I die if my spouse is taken into care
- To appoint a guardian to care for my young children
- To make a financial provision for my children's future welfare
- My partner and I have separate children and I don't want mine to lose out
- To make sure there are no arguments in the family
- So my spouse's family don't get everything if we die together
- We're unmarried and neither will get anything when the other dies
- I don't want the goverment to decide who gets what
- To prevent my home from being sold while someone still needs it
- To make provision for my friends, favourite charities and/or pets