9 Will Writing tips from Candid Wills

Candid Wills, run by founder Gemma McDonald is a specialist estate planning based in Lincoln and covers all of the surrounding areas.

In this short article, Gemma and her team share 9 tips about Will Writing which will help you to understand your estate planning position.

1. Know the Difference between a Will and an Inheritance Tax Plan – A Will is a legal document that sets out how your assets are to be distributed after you die, while an Inheritance Tax plan helps to minimise the amount of tax due on your estate after death.

2. Take Professional Advice from Candid Wills – Candid Wills offer professional advice and guidance on Will Writing and Estate Planning. We understand the complexities of writing a Will and will help you work out what is best for you and your family.

3. Make Sure Your Assets are Covered – Ensure that all of your assets are taken into account when planning for the future, including property, bank accounts, life insurance policies and investments. Candid Wills will be able to help you achieve this.

4. Take into Account Changes in Life Circumstances – Make sure that if there are any changes in your circumstances such as marriage, divorce or having a new baby, these are taken into account when planning for the future. Candid Wills will be able to help you update your Will as needed.

5. Think about commercial estate planning and business succession. This can be catered for in your Will and Property and Financial Affairs Lasting Power of Attorney.

6. We will advise you on your privacy rights, including how and when information about your Will is shared with others and who has a right to see your Will. It's also worth noting than unlike it's portrayed on the TV, there are no grand Will readings after you're gone.

7. Consider Careful Planning for End-of-Life Care – Candid Wills can provide advice and guidance on end-of-life care planning, including appointing trusted people to make decisions on your behalf in the event you are no longer able to do so.

8. Make Sure Your Will is Up to Date – Candid Wills will help you keep your Will up to date and reflect any changes that may occur in your life. This ensures that your wishes are carried out after death whilst taking account of any legal changes.

9. Contact Candid Wills for Expert Advice – Candid Wills are experts in Will Writing and Estate Planning and can provide you with advice and guidance throughout the process. They will be able to help you every step of the way so contact Candid Wills today!

If you have questions about Will planning, reach out for a free consultation.