Will Month with BRM Solicitors
February 5, 2019
This March, you can make your Will for FREE with BRM Solicitors and support Cavendish Cancer Care. All they ask is that you make a donation to support our work.
Why make a Will?
- Taking care of what matters
Making a Will is one of the most important things you can do in life, to ensure that your wishes will be understood and acted on after death and your friends and family will be looked after. You might make or amend a Will in a time of change, such as marriage, the birth of a child, or even the adoption of a pet. This is because a Will ensures that what matters to you is properly taken care of in the event of your passing.
A properly written Will ensures that you do not pay unnecessary amounts of tax to the government. Your solicitor can advise you on how to make charitable donations that will help avoid paying too much tax. If you should die without making a Will then your estate will be intestate which means your wishes may not be carried out as you wish. Read more information on the implications of intestacy. Each individual’s tax situation is different, so we’d recommend consulting with your solicitor when making changes to your Will. If the total value of your estate is above the threshold set for the current tax year, your beneficiaries will have to pay 40% inheritance tax on the amount over this value. Recent reforms allow married couples and civil partners to combine their tax allowances. This does not double the tax allowance, but it does allow couples to maximize their individual thresholds for the tax year of their death.
Leaving a gift
You may also wish to leave a Legacy gift to Cavendish upon writing your will. No matter what amount, gifts in Wills are a vital source of income for us – if you’d like to find out a bit more about leaving a gift, visit cavcare.org.uk/get-involved/leave-a-legacy, or contact email@example.com to chat.