|
Our Team will provide clear and practical advice on the issues to consider when
making a Will... |
|
|
|
APPOINTING AN EXECUTOR
 |
 |
|
|
You should appoint executors to administer your Estate after your death.
You can appoint 1 to 4 people, although in cases which may involve trusts
(including where children under 18 may benefit), a minimum of 2 should be
appointed
Berryman are
happy to be appointed as executors, either solely, or jointly with
whoever you think appropriate
|
|
|
|
|
|
GIVING AWAY YOUR ESTATE
|
|
|
|
You can provide for distribution of your assets in various ways:
Specific Gifts -
Clearly identified items of property
Cash Legacies -
Specific sums of money
Residue - The
remainder of your estate (after any taxes, debts, administration
expenses, gifts and legacies) can be left in whatever shares you choose
|
| |
|
|
|
INHERITANCE TAX
|
|
|
|
Berryman can advise you on ways to minimise tax through efficient use of
exemptions, reliefs, lifetime gifts and Trusts. The appropriate Tax
Planning option for you will depend on your personal circumstances
We can set up Trusts to
help minimise inheritance tax in
appropriate circumstances
 To go
straight to our Tax Planning through
Wills section, please click
HERE
To go straight to our
Lifetime Tax Planning section,
please click HERE
|
|
|
|
|
|
TRUSTS
|
|
|
|
Gifts, legacies or residue may be
passed outright or may be put in some form of Trust. We can advise
on Trusts which can be included in your Will to help minimise
inheritance tax and on Trusts which have other financial or practical advantages
To go straight to our
Trusts section,
please click HERE
|
| |
|
|
|
SIGNING AND STORAGE
|
|
|
|
We will ensure that the very strict rules for signing a Will are
followed and we offer free storage of your original Will and any other
important documents
|
| |
|
|
|
ENDURING POWERS OF
ATTORNEY
|
|
|
|
It is sensible to execute an 'Enduring Power of Attorney' at the same
time as a Will. Such a document allows you to appoint others to
deal with your affairs if you become mentally or physically incapable in
the future
|
| |
|
|
|
After your Will is complete, we can assist if and when required... |
| |
|
|
|
REVIEWING YOUR WILL
|
|
|
|
You should review your Will every 3-5 years to take account of changes
in your personal or financial circumstances
Immediate reviews are
likely to be necessary upon marriage, divorce, separation or
cohabitation and may be advisable following family births or deaths
|
|
|
|
|
|
CHANGING YOUR WILL
|
|
|
|
You may change your Will as often as you wish, but this must be done
correctly.
Major changes require a new Will.
Minor changes can be made using a document known as a 'Codicil'
No other attempts to change a
Will are legally valid
|
