Although you may choose to make a Will to deal with your assets and to ensure their loved ones receive the legacies you want them to have in the event of your death, there are other reasons to consider using Will writing solicitors in North Wales.
For instance, if you use the expertise of legal advisors, you can word your Will to include specific clauses to deal with issues such as care home fees. Using your assets to pay for the cost of staying in a care home if you become unwell could seriously impact the amount of money you will have to leave your family. Parts of your finances can be ring-fenced and protected from this when your Will is carefully written.
Inheritance tax can be a complicated issue, but having a carefully prepared Will reduces this burden. Leaving a gift to charity, for example, can be tax free, and the added bonus is that this practice also reduces the inheritance tax liable for payment.
Solicitors in Bangor can help you to deal with your pets too when you die. Your Will can contain specific and detailed information relating to their care. You can name someone in your Will who you want to take care of them and allocate them monies to help with the upkeep of your animals; it is advisable to seek the approval of this person first.
Contact us at Bennett Smith Solicitors today, and let us book you an appointment to come and visit us to talk about your Will.
