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Writing a Will and Inheritance Tax Legal advice on writing a Will and inheritance tax from solicitors in Milton Keynes

Writing a Will is important for everyone. If you do not leave a Will, there is a risk that your estate might not pass to those whom you would choose to benefit from it.

Having a valid Will in place also reduces the risk of a dispute arising in the future.

At Milton Keynes based Heald Solicitors, our expert Wills, probate and trusts solicitors can work with you to ensure that you have the right Will in place for your needs. We will discuss your options with you and tailor your Will to give you and your loved ones the peace of mind of knowing that, when the time comes, they will be provided for in the way that you wish.

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Benefits of having a Will

Certainty – Making a Will gives your loved ones the certainty of knowing what your wishes are, which can be reassuring for them at what will be a difficult time. This can also go a long way to reducing unnecessary stress and avoiding disagreements between family members.

Choose your executors – Your executors will be responsible for winding up your estate. If you make a Will, you can choose individuals you trust and whom you feel will be able to take on this task.

Appoint guardians – If you have minor children, you can appoint guardians in your Will to care for them. Without a Will, the court will decide who will look after them, and it might not be the person you would have chosen.

Blended families – If you have remarried and have children from a previous relationship, there is a risk they could lose out on their inheritance unless you have a valid Will in place.

At Heald Solicitors, we will discuss your options with you and tailor your Will to give you and your loved ones the peace of mind of knowing that, when the time comes, they will be provided for in the way that you wish.
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Inheritance Tax

The nil-rate band – This is the threshold above which Inheritance Tax is payable. It is currently set at a maximum of £325,000 per person. The nil-rate band can usually be transferred between married couples when one dies, if it has not been used by their estate.

The residence nil-rate band – There is also an Inheritance Tax allowance of a maximum of £175,000 per person in respect of residential property that is passed on to a child or grandchild.

This means that a couple could have a total allowance between them of £1m on which no Inheritance Tax would be payable.

We can help you structure your estate to take advantage of the available allowances and ensure that it is as tax-efficient as possible by working with other advisors on your lifetime planning, to ensure the best outcome for your family and loved ones.

Sara Taylor

For expert advice contact our Wills solicitors

At Heald Solicitors, our expert Wills lawyers can ensure that you have a valid Will in place that accurately sets out your wishes and protects your estate for the next generation. While our office is in Milton Keynes, we are experienced in working with clients throughout England and Wales, often remotely, meaning that you can expect the same expert legal advice and excellent client care wherever you are located.

If you wish to talk to us about writing or updating your will, please get in touch with our legal expert Sara Taylor .

01908 662277
[email protected]
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Why choose Heald Solicitors to be your Wills, Trusts and Probate lawyers?

At Heald Solicitors in Milton Keynes, our team have extensive experience in dealing with Wills, trusts and probate, including complex or high-value estates, business succession and dispute resolution.

We understand that dealing with Wills and probate can be hard, and you will find us sympathetic and approachable. We provide excellent client care and will make sure we are always available to speak to you to discuss the progress of your matter and answer any questions you may have.

We work proactively to make sure that your case is dealt with as quickly and efficiently as possible and we will always keep our costs to a minimum to ensure you receive good value for money.

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Our Legal Expert Sara Taylor

Get to know us wih a call back, at a time that suits you. Let us offer some guidance and direction to start your journey with Heald Solicitors today.