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will check
ktj
Posts: 272 Forumite
in Cutting tax
About 5 years ago when my husband and I made our wills we used a local high street solicitor as we thought our affairs were very straight forward and we thought that we would only need a very basic will.
Our affairs are straight forward, but we soon realised that to avoid inheritance tax on second death we would have to take certain basic measures i.e. make house ownership tenants in common, set up a will trust and this we did when making our wills. However I am not totally sure that the solicitor that we were using was as expert in will trusts.
My problem is how do I go about finding out if our wills are set up in the correct way without it costing the earth. Can anyone out there suggest a plan of action that will sort this out once and for all. Any advice very gratefully received.
Our affairs are straight forward, but we soon realised that to avoid inheritance tax on second death we would have to take certain basic measures i.e. make house ownership tenants in common, set up a will trust and this we did when making our wills. However I am not totally sure that the solicitor that we were using was as expert in will trusts.
My problem is how do I go about finding out if our wills are set up in the correct way without it costing the earth. Can anyone out there suggest a plan of action that will sort this out once and for all. Any advice very gratefully received.
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Comments
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Hi Ktj,
Not all solicitors are competent with wills and trusts.
For a qualified, regulated and insured willwriter in your area contact ipw.org.uk. They are likely to visit you in your own home and advise you what your best course of action is.[FONT="]Public wealth warning![/FONT][FONT="] It's not compulsory for solicitors or Willwriters to pass an exam in writing Wills - probably the most important thing you’ll ever sign.[/FONT]
[FONT="]Membership of the Institute of Professional Willwriters is acquired by passing an entrance exam and complying with an OFT endorsed code of practice, and I declare myself a member.[/FONT]0 -
Thanks will check the web site now! :beer:0
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