There exists a common misconception that money, property and possessions will pass automatically to a person's spouse/ civil partner, or immediate family, when they die, regardless of whether or not they made a Will. In fact, when someone dies without leaving a Will, their Estate will be distributed according to the Rules of Intestacy. The Rules of Intestacy are a set of particular legal rules that lay out who should inherit in such circumstances. This can cause a great deal of stress and uncertainty for family members and close friends, as the Rules of Intestacy will be followed despite any preferences that may have been expressed before the person's death.
Furthermore, many people prepare a Will without considering Inheritance Tax liability and the options that are available for protecting their assets for future generations. The Estate Planning Lawyers at The Sethi Partnership Solicitors can provide reliable, pragmatic advice on structuring your Estate in a tax-efficient manner so that those you care about most are provided for in years to come.
How we can help
Our estate planning solicitors provide a wide range of services, including:
- Wills – drafting and execution
- Inheritance Tax Planning
- Trusts – setting up and administering trusts to manage your assets for particular people or purposes
- Lifetime Giving
- Planning for care home fees