A quote from Benjamin Franklin: "Two things are certain in life: death and taxes."
Myths and misconceptions about Wills and Probate are revealed by my special guest, Will Mumford, who joins us from Healys, Solicitors in London and Brighton.
Clients need to be made aware of the consequences of dying without a will. Misconceptions abound about how an estate will pass if you don’t have a will. People generally take the view that it will work its way to my nearest and dearest. Sadly, that’s not always the case. There are a few notable exceptions, i.e. unmarried couples/cohabitees, regardless of the length of time they’ve been together, have no automatic inheritance rights.
Will's Top 3 Tips:
#1 See a solicitor about drawing up a Will, especially if you own a property;
#2 Speak to your pension provider about your death in service benefits, if any;
#3 Consider putting in place insurance policies to pay off the balance of the mortgage
Join me as I chat to Will Mumford about life's two certainties - death and taxes. I'm also joined by James Duffy, The Compliance Guru at Callaways Residential Sales & Lettings in Brighton & Hove.
March 2021
