Families could be missing out on their inheritance after a rise in the popularity of free will-writing services, warns an expert lawyer.
, said:"British people are renowned for being incredibly generous and many of us like to leave money in our wills for charities and causes close to our hearts. This is an important tradition for us to uphold, but we must be careful exactly how we do it or we can leave our families at risk of a range of problems after we die.
"There has been a huge rise in the number of charities offering free will-writing services in recent years, where the organisation offers to help you declare your wishes without charge in return for perhaps a donation to their cause. However, a will is an incredibly important legal document and, if you have a house and children, I would normally advise that it should only be done by lawyers who are familiar with more comprehensive wills to include bloodline trusts.
A will sets out your wishes for what happens to your assets, such as property and money, when you die and is a legal document. It also determines what happens to any dependents you may have if, for example, there is a need to appoint a legal guardian for an underage child. Mr King said:"There are all sorts of problems that a family can face if great care and consideration is not taken when drawing up a legacy plan, including particular focus on bloodline planning to protect the children’s inheritance from divorce or creditors. A basic free will may not take into account important factors such as inheritance tax, long-term care fees or what may happen if your partner remarries after you die.
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