In fact, the law sets out rules that determine what would happen to your assets, if you should die without leaving a will. If you do not have a will, you have no say over what happens to your assets when you die, this may not be what you intended. Because of this, everyone should have a will; This is extremely important if you own property, are married, have entered a civil partnership, or have a long-term partner. It also applies if you have children, or if you wish to leave something to someone who is not a close family member.
Matrix estate planning can draught a will that would allow you to pass on your estate in the most tax efficient way, making sure your wealth can accumulate within your family.
Yes, this is possible. If the property is jointly owned by you and your spouse, it is essential that the property is held as tenants in common rather than joint tenants. It is possible that if you leave your spouse a life interest in your half of the property and your spouse subsequently goes into a care home that only half the value of the house would be taken into consideration by the local authority when carrying out an assessment. It is essential that the life interest trust is properly worded in the will and you should ensure, for it to be done properly, that you consult a specialist at Matrix Estate Planning. For more information view the video below.
Starting with a fact find questionnaire in order to establish your marital status and your objectives, we will take note of your instructions which may in include leaving gifts to charities, or individuals who are not related.
The information that you provide would then be analysed buy our technical team, who would produce a draft will that make’s sure your wishes are carried out in the most tax efficient way.
At the next stage you then receive a PDF draft copy of the will for you to read and request any amendments, you then confirm that you are satisfied with the details of your will.
Once we receive your confirmation that you are satisfied with the draft copy, we will then produce a final bound copy will. This would be posted to your address with instructions for witnessing.
