Do you have a will? A worrying number of people don’t and operate under the mistaken belief that their estate will simply go to their “nearest and dearest “on death.
This isn’t necessarily so. The rules of intestacy make some provisions for family but are unlikely to truly reflect your wishes.
Making a will can bring you peace of mind. You can choose who will benefit from your estate and how it should be distributed. You appoint executors who are responsible for following your instructions. Perhaps most importantly, your will provides an opportunity to make provision for the both the financial and emotional welfare of any minor children, through the appointment of guardians.
Protecting your family’s wealth is of paramount importance and if you don’t make a will, you will be leaving things to chance and be relying on others to deal with your assets at a time when they are most vulnerable.
If you have a business, you need to ensure that it is wound up as efficiently as possible or that it continues to be managed by the people you choose.
You may already have a will, but it is important to ensure that it is up to date and reflects any changes in your or your family’s circumstances.
Traditionally, people tend to appoint family members and their solicitor as executors, with no real understanding of what this involves. Dealing with someone’s estate is a time consuming process which can be very upsetting, not to mention confusing, for family, friends or a surviving partner, as they need to adhere to the strict legal guidelines surrounding the administration.
As one of the first accountancy practices in Leicestershire to be licensed to carry out probate work, we can now provide this service to you, operating under the strict codes of the Association of Chartered Certified Accountants.
At Cunningtons, we can work to ensure your wishes are followed and that our knowledge of your business and personal affairs should ensure that the whole process runs in as smooth and painless way as possible.