Speaking to many clients over the years, when touched upon regarding a Will, the common response is, ‘do I need one?’. To answer the question, we need to understand what a Will does. A Will is a legally binding document which determines how your estate will be distributed upon your death. Without it, there is no guarantee that what you intend will take place.
Some other aspects of a Will include avoiding a lengthy probate process, minimise estate taxes to deciding who will take care of your minor children in your absence. These are a few benefits of having a Will. Here at Millennium Finance Ltd, we would say a Will is very important and we would want the satisfaction knowing we have put one in place for you.
For all our clients with a protection policy, we automatically ensure the policy is placed into a trust. This ensures the money is received at the ‘Right Place’, ‘Right Time’ and to the ‘Right People’. Not having a trust could mean the lump sum payment you receive could be subject to 40% Inheritance Tax to waiting for several weeks/months before the money can be released to loved ones.
To discuss Wills/ Trust in more detail, Click here, we are available via Phone, Email or simply complete the form and an advisor will call you back.
Wills are not regulated by the FCA and we are not authorised via PRIMIS Mortgage Network to advise on them.