New Year’s Resolutions

Many of our New Year resolutions may have already fallen by the wayside, but one well worth keeping is to make a Will if you have not already done so, or to review your existing Will.

Recent research indicates that only around one third of UK adults has made a Will.  Dying without a valid Will in place means that your estate will be administered as an intestate estate and your assets may not pass to the beneficiaries that you would have chosen.

Those for whom it may be particularly important to make a Will include unmarried partners, persons who have divorced and those who have recently married.  Many people are unaware that marriage automatically revokes any previous Will which they have made.

If you have made a Will, then keeping it under review at regular intervals is important as your family or financial situation may have changed.  Often people are prompted to make Wills when they have children and do not revisit them until their children are adults and grandchildren have arrived on the scene.  It is also important to review your Wills as changes to legislation or tax rules may mean that it would be advantageous to change your Wills for tax efficiency.

For more information contact our Private Client team in Horsham on 01403 210200 or Hove on 01273 722532 or email info@coolebevisllp.com.