Wills & Inheritance Tax Planning

Not all Wills are watertight – to ensure your last wishes are respected you need quality legal advice.

Your Will specifies what happens to your assets (‘Estate’) when you die – Providing peace of mind that your loved ones will be provided for.

With sound Inheritance Tax advice you can ensure you make the most of the complex exemptions and reliefs that can save time and money.

Thorne Segar’s lawyers are hugely experienced in drafting Wills:

  • Consultation: In depth discussion to establish your exact wishes
  • Assessment of potential issues, tax and ways to mitigate them
  • Will drafted by experienced professional with detailed explanatory letter
  • Signed will stored in our strong room free of charge

You may have special requirements which need specific provision:

  • Disabled beneficiaries – Wills often establish a Trust for peace of mind
  • Large potential Inheritance Tax liability
  • Executors: You may wish for Thorne Segar to act as Professional Executors to administer your estate
  • Protect your estate for your children whilst still providing for your partner – Life Interest Trust
  • Strained family relationships – Professional Executors can help avoid conflict

When it comes to Will drafting there really is no substitute for experience. Wills are drafted by Thorne Segar’s Directors: Iestyn Milton-Jenkins who has over 20 years’ experience and Rebecca Padgett who is a member of STEP (Society of Trust and Estate Practitioners) and an expert in Trust and Estate Administration.

HOME VISITS – You can make your Will in the comfort of your own home – Free in the local area.

FEES:

Example Fees:

Wills – from £300+VAT or £500+VAT for ‘Mirror’ Wills for couples
Inheritance Tax Consultation – from £500+VAT
Professional Executors – From £500+VAT
Fees are quoted in advance and are fixed – with no hidden extras

FAQs

Can I make my own Will or use a kit?

 Yes you can. However extreme caution should be exercised. There are all sorts of legal formalities which must be complied with to create a valid Will. If you fail to follow them, your Will may be invalid, it may also inadvertently exclude someone from benefiting who you wish to benefit.

In addition, a Will can be revoked by a subsequent marriage.

If the Will is unclear or ambiguous in any way, this could result in the Will having to be interpreted by the Court which would be costly and time consuming.

The Will may not deal with your assets in the way you intended if you do not draft it correctly.

If we draft your Will, we will consider potential claims against your Estate and ways of protecting your Will and its wishes.

You do not know what you don’t know, which is why it can be risky to draft your own Will and you may not be aware of a better method of achieving your wishes. We have trained and studied the law surrounding Wills and are experts in their drafting. We can also advise on Inheritance Tax and trusts.

If you draft your Will incorrectly, your beneficiaries have no means to obtain any compensation for your error. If we draft your Will incorrectly, your beneficiaries could sue us for professional negligence and we are obliged to have professional indemnity insurance for this purpose.

How long will it take?

The timeframe will be agreed with you before we undertake any work. Generally, you will be provided with a draft Will within 2 weeks of your first meeting with us.

Can I avoid Inheritance Tax with a Trust

Possibly yes but in all probability no, as it would involve meticulous, costly tax planning to be undertaken..

A professionally drafted Will can help maximise what you leave behind for your loved ones – the key lies in expert forward planning. You can also release your family from the stress and burden of administering your Estate by appointing Thorne Segar as Executors. Not only do they have the skill and experience but they have also been CRUISE bereavement trained.

It’s easy to put off making your Will but please bear one important thing in mind: Where there’s no Will, there’s rarely peace of mind.

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A professionally drafted Will can help maximise what you leave behind for your loved ones – the key lies in expert forward planning. You can also release your family from the stress and burden of administering your Estate by appointing Thorne Segar as Executors. Not only do they have the skill and experience but they have also been CRUISE bereavement trained.

 

It’s easy to put off making your Will but please bear one important thing in mind:
Where there’s no Will, there’s rarely peace of mind.

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CALL: 01643 703234