Is there a Will?

YES

The executors appointed within the Will have the duty to inform relevant parties, value the estate, submit an Inheritance Tax (IHT) return and apply for the Grant of Probate. Once the IHT has been agreed (if any) it must be paid before the executors can call in the assets, pay off the estate debts and distribute the remaining assets to the beneficiaries.

NO

Without a Will, the main beneficiaries under intestacy become the “personal representatives”. For example, your spouse or children who have attained age 18. They will go through a similar process mentioned above. They will then distribute the estate under the strict rules of intestacy.
Without a Will, you are deemed to die Intestate – this means legislation from nearly 100 years ago decides who benefits from your estate. If you are married with children, your spouse may only inherit the first £250,000 of your personal estate absolutely.

Putting in place a Will ensures that you choose who benefits from your estate. You also can appoint Guardians – people who you choose to bring up your children in the event of your premature death.
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Please get in touch with any questions you may have

Company Information

INHERITANCE PLANNING COMPANY
Inheritance Planning Company Ltd
18 Walsworth Road
Hitchin
SG4 9SP

T: 01462 61 66 87

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