Are you writing a will? Whatever you do, don’t leave everything to the children!!

If your Wills say something like: ‘I leave everything to you, you leave everything to me and if we both die, it all goes to the children’ – a Classic Married Will, then what
it really says is:

• I leave everything split equally between my children and their wives or husbands

• If my children’s Estates are already worth more than £650,000, then I leave 40% of my Estate to the Inland Revenue

• If I die first and my wife or husband remarries, then my children could end up with nothing

• If I die first, I leave my Estate to the Local Authority should my wife or husband need Long Term Care

If any if these are not what you want, then you need an Estate Planning specialist!

To find out more, contact Ian Hunter on: 01722 327427

This entry was posted on Monday, October 5th, 2009 at 4:35 pm and is filed under Highlighted News .