Wills and Trusts
Why do I need a will?
The vast majority of people put off making a Will for a variety of reasons, either believing that the people they would wish to inherit will automatically do so, or because they don’t think it is relevant to them at this particular time.
The reality is that you can put off making a Will until it is too late and this poses all sorts of problems for the people left behind and could mean that some, or all of your inheritance, either goes to the wrong person or to the state.
Everyone needs to make a Will. In particular, anyone with dependant relatives must do so. Anyone who owns a property, or has any type of asset which you would wish relatives, friends or charities to benefit from should also make a Will.
Without a will...
You cannot be sure those you would wish to benefit will actually do so.
Your spouse / civil partner will not automatically inherit ALL of your estate.
“Common Law” partners may not receive anything.
Minor children could be taken into care whilst Guardians are appointed.
There could be lengthy delays for your beneficiaries and disputes.
Making a Will enables you to plan exactly what will happen to your property (estate) following your demise. This ensures that those you would like to benefit actually do so, in accordance with your wishes and at the same time avoiding any disputes between relatives.
Will Writing, Inheritance Tax and Estate Planning is not regulated by the Financial Conduct Authority.
Should you have a need for Will Writing, Inheritance Tax and Estate Planning you will be referred to Countrywide Tax and Trust Corporation. The information has been provided by Countrywide Tax and Trust Corporation. Neither Insight Financial (Kent) nor First Complete Ltd accepts responsibility for the accuracy of the content therein.
Neither Insight Financial (Kent) nor First Complete Ltd are responsible for any advice received from the third party.
Insight Financial (Kent) is an Appointed Representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products. The Financial Conduct Authority does not regulate some forms of Buy to Let.