According to a recent survey, around 65% of the UK population do not have a last will and testament. The main reasons why people do not have a Will is because they are worried of the costs involved, as well as the apathy of setting one up.
Under current intestacy rules, when a person dies without a valid Will only certain people will be able can inherit. As well as making sure that an estate is given to the right people, having a proper Last Will and Testament can also help reduce Inheritance Tax (IHT).
If you would like to know more about setting up a Will or Estate Planning, please contact us.