Will Reviews

Experience tells us that many people believe that once they have written their Will the matter is dealt with and they need not address it again.

Wills should be reviewed at least every 3-4 years

For this reason we encourage our clients and members of the general public to review their Wills on a regular basis, to take advice and up date their Will as necessary.

Ask Yourself:

• Will our house be used to pay for the cost of our Long Term care?
• How much Inheritance Tax will my estate have to pay?
• If I am divorced, is my Will still valid? Will my children benefit from my estate?
• We have children but we are not married, who will look after them when we die?
• What will happen to my business if I die?
• The circumstances of my beneficiaries have changed, does my Will still represent my wishes?

If you do not know the answer to a question which represents your circumstances, you should seek professional advice immediately.

Since the 1990's statutes such as the Community Care Act 1990, and changes in society such as the rise in house prices, the divorce rate and the changes to the 'means testing' criteria by local authorities mean that peoples estates maybe vulnerable to potential creditors, unknown beneficiaries or the taxman. If your estate is worth more than £300,000 then your estate has an inheritance tax liability that may not of existed when you wrote your Will.

Free Will Review Service

Reviewing your Will is important. If you need assistance in reviewing your Will and advice on potential pitfalls Goodwills can help, and it's free!!

All you need to do is fax, e-mail or post a copy of your Will to Goodwills Ltd together with a brief description of your circumstances and we will provide an analysis of your Will free of charge. We will make recommendations to you with no obligation for you to act upon such recommendations.

Please start the address on any correspondence: "Free Will Review"