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riverglen financial associates

FACTSHEET – WILLS

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How many times have you heard “that is what he would really have wanted” after someone has died? And yet all too often those left behind are saying different things? In order to ensure that what you really want to happen to your estate after you have gone, it is essential to make a Will.

The importance of a Will cannot be over emphasised and we can help you to get one prepared that is tailor made to suit your requirements.

How can we help?

We will help you to chose someone to make your Will and make sure that:

  • your wishes are clearly expressed

  • it is tax efficient so that the minimum amount of money goes to the Inland Revenue and the maximum goes to your beneficiaries

  • After death we can, for the benefit of those left behind, provide help with the estate; our aim is to have it administered with sympathy and efficiency.

Where to keep the Will

It is important to keep your Will in a safe place and tell your executors or a close friend or relative where it is.

Executors?

You must name the people you want to appoint as ‘executors’ of your Will - the people who carry out the administration of your Will after your death. These could be friends or family members, or a professional such as your solicitor. A good combination would be a friend or family member and a professional. Ideally, you should choose someone who is familiar with financial matters. Make sure you ask your executors whether they are happy to take on this duty as there are long-term responsibilities involved. It is a good idea to ask someone younger than you are.

Signing the will

Once the Will has been drawn up it is not effective until it has been signed. There are several rules affecting the signature process which, if not followed correctly, will make your will invalid.

The Financial Conduct Authority does not regulate taxation & trust and will writing.