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Making a Will - arrange your estate and avoid inheritance tax


Making a will

Wills are legally binding documents that reflect your wishes on death and may help avoid any Inheritance Tax liability.

  • Leave more of your estate to your family rather than to the taxman.
  • Make specific gifts and stipulate requests, such as funeral instructions, etc.

Without Wills on death your estates will be divided up according to set rules and not in accordance with your wishes. Making a Will allows you to choose who will deal with your estate and who will look after your family.

 

Start Making a Will now! Call us on 0845 145 0145 or complete the attached callback form.

 

 
 

Review your wills. Making a will can help with inheritance tax

Making a Will is an important way of making sure your wishes are followed after your death. Wills may also be a highly tax efficient way of managing your money so that more of it is passed on to who you want to have it rather than the taxman. Making a Will is a straightforward process and once done, you can rest easy knowing that your family is taken care of and that you have taken the first steps to reducing any Inheritance Tax liability. For example, Moneyextra's Will Writing Service handles what are known as Simple 'Mirror' Wills for partners and spouses for as little as £80. These Wills may be able to slash your Inheritance Tax liability. In fact such Mirror Wills could wipe out £114,000 of Inheritance Tax - for the cost of just a few hundred pounds! Making a Will in this way allows both partners to utilise their nil rate inheritance tax bands, thus saving up to 40% of the second nil rate band (£285,000 in 2006-07)