Protection, Compassion, Care
Prepare your Will today
Everyone should have a Will. Our Will writing and inheritance planning service ensures that the value of your estate is maximised and shared amongst your chosen beneficiaries.
Preparing a Will needn't be time-consuming or costly. We can help you write a thorough and considered document to protect your family's interests when you are gone.
When you talk to us about writing your Will, we'll ask you to make decisions on the following areas:
- Who will be responsible for the care of your children in the event of your death?
- Who will be the main beneficiaries of the total value of your estate?
- Who will receive a personal legacy, such as a family heirloom or an item with personal sentimental value?
- Who do you wish to appoint as Executor of your estate?
Inheritance tax and planning ahead
Inheritance tax is payable on estates with a value higher than £325,000. We can advise you on opportunities to maximise your assets and reduce your tax bill, for example
- Setting up a Trust
- Allowable gifts in your lifetime
- Charitable gifts
Intestacy laws: what happens if you don’t make a Will
If you don’t prepare a Will, intestacy laws in Scotland will dictate who inherits your estate. Those whom you might have wished to provide for could find themselves facing a legal battle to secure a share of your estate at an already difficult time.
The role of the Executor
The person you name as Executor will have responsibility, after your death, for collecting together all your assets, paying any outstanding debts and then distributing the remaining estate according to your wishes.
Updating your Will
You should consider updating your Will every five years or so, or when there is a major change in your personal or financial circumstances, such as marrying, having children, divorce or buying/selling a home.