Wills & Probate | Where There Is a Will There Is a Way. Or Not
There are many reasons why people don’t make a Will. They range from being uncomfortable talking about death to trusting their families to do the right thing when the time comes. And many say they’ve just not got round to it or are put off by the cost.
As a result, around 54 per cent of UK adults don’t have a Will. And in the absence of a Will, there’s also the absence of an executor.
With executors responsible for paying any inheritance tax owed before probate can be granted and inheritance released, this liability could end up passing to an unsuspecting family member or beneficiary.
This means many people could find themselves in a position where they know they’ve got a windfall to come, but before they get it, they have to find the cash to pay HMRC – and it could be quite a substantial bill.
If you are in this situation, please contact us:
0207 183 4595
The information provided in this article is not intended to constitute professional advice and you should take full and comprehensive legal, accountancy or financial advice as appropriate on your individual circumstances by a fully qualified Solicitor, Accountant or Financial Advisor/Mortgage Broker before you embark on any course of action.