McHale & Co. Solicitors Blog

A New Resolution – where there’s a Will there’s a way

I like to sit down occasionally and plan what I want to achieve this week, month or year.  For me it’s the best way to make sure I do the things that I want to do.  If I’m not careful the months and years have passed and I still haven’t bought that lamp shade for the front room.  I also like to look back at the plan and feel a sense of achievement for the things I have done, for example last year it was yoga – which I managed to keep up until Easter. 

Making a Will falls into one of those categories of jobs that you would like to get done, but time just slips by.  We all know that we need a Will but time passes and other things take priority. 

A current case I have been involved in includes a gentleman who died, he wasn’t married but had a lady friend.  Unfortunately without a Will his estate will be shared amongst distant relatives many of who did not actually meet him, let alone know him well.

Here are a few reasons to help you get motivated to make this year the one you finally do your Will:

  • We can arrange home, hospital or evening appointments to make things more convenient for you.
  • In the long run it can work out cheaper to administer an estate with a Will so it is much more cost effective.
  • It is not as expensive as you may think.  Basic wills for one person are £180 (including VAT) and £300 for a couple who want mirror wills.
  • Married couples with more than £325,000 in assets (including your house) will make a saving on Inheritance tax in some cases just by making a simple Will.
  • Did I mention that the rate for inheritance tax is 40%!

Making a Will ensures that your assets go to the people who you would want to receive them and it means your estate can usually be resolved more quickly which incurs less cost.  For more information, or just a general chat please get in touch 0161 928 3848,

Tags: Wills

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