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To eliminate or reduce Inheritance Tax.
To prevent your family home being sold to pay for nursing home fees.
To ensure a disabled child or family member receives an income from your estate without it being used to pay for care costs.
To give a child, partner or parent that lives with you the right to continue living in your home after your death.
To ensure your business passes to the people you choose.
To make your funeral wishes known.
To ensure pets are cared for.
To donate a gift to your favorite charity.
To ensure your (unmarried) partner inherits your estate.
To appoint those who will deal with your estate (executors) reducing the risk of family disagreements.
To make the process of probate easier for your beneficiaries.
To have peace of mind knowing that your wishes will be carried out.
To appoint guardians to look after minor children.
To ensure your children, step-children and grandchildren inherit.
To leave a gift to family or friends.
To ensure those you wish to disinherit do not benefit from your estate.
To ensure your wife or civil partner fully benefit from your estate if you wish them to inherit in excess of the 'intestacy threshold' of £250,000.
The video on the right is by www.unbiased.co.uk and provides their advice concerning writing a Will.
IHT BUDGET 2011
The changes mean that from April 2012 the rate of inheritance tax applied to estates where 10% or more is left to charity will be reduced by 10%; from 40% down to 36%.
The tax relief on the estate as a whole is designed so that the benefit of the tax saving is passed on to the charities and not directly in payments to other beneficiaries however the plans benefit your estate in its entirety.
Steele Rose & Co Limited are Members of The Professional Association of Legal Services, Corporate Members of the Institute of Paralegals, Members of the Society of Will Writers and appointed Legal Service Providers for the Forces Pension Society.
Legal Services Office: 7 Deans Farm, Stratford sub Castle, Salisbury SP1 3YP.
Registered Office: The Parsonage, Stratford sub Castle, Salisbury SP1 3LH.
Regional Offices throughout England and Wales*
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Tel: 01722 410009 - Fax: 01722 411666
email: src@303.org.uk
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