We seldom ponder our own mortality. ‘Life is for living’ and considering our own demise goes somewhat against human nature. That is presumably a reason why more than half of the adults in the UK do not have a Will in place.
Now take a moment to reflect on what would happen if tomorrow morning you didn’t wake up. Would those you care about be adequately provided for? Would your wishes be known and understood? Would the tax man be rubbing his hands together at the boost to treasury coffers that your inheritance tax bill would provide?
Writing a Will may seem a sombre task and, whilst it may be on your “to-do” list, with life being so hectic it probably keeps being overlooked for things which seem a little less daunting. However, writing a will needn’t be sombre nor daunting.
Writing a Will can be a straight forward process and many of our clients tell us that doing so has given them enormous comfort by knowing that “everything is in order and will be taken care of” in the event of their untimely death.
Being Independent Financial Advisors, Clear Financial Advice can also help you understand how inheritance tax can impact your estate and can work with you to put in place an inheritance tax plan to ensure that, when the inevitable does happen, more of your estate benefits those you care about.
At Clear Financial Advice, we appreciate that most people find some topics a little hard to talk about; death and money being two of them. Nonetheless, whatever your age, financial or personal circumstances, if you don’t have a Will in place, we suggest you should, and the best time to get one is right now.