| When it comes to will writing, there are so many things | | | | process of will writing. |
| to consider. At the top of those lists, people normally | | | | Much of the moral decline of Britain has been blamed |
| tend to think simply in terms of their assets and who | | | | on the lack of family values and the broken family. |
| they want to inherit what. This in itself can be a | | | | There has been little incentive, financially, to keep |
| complicated affair for some. Families are not as | | | | families together. Many find when times are hard, that |
| straightforward as they used to be and are often | | | | they can receive more financial benefits from being |
| disjointed, with step families and ex's all still being | | | | separated than they can by sticking it out together. |
| involved with each other. Planning your will writing can | | | | These issues are being looked at by various |
| be just as precarious as seating all the complicated | | | | Government parties in a bid to encourage families to |
| relationships at a wedding whilst trying to avoid the | | | | stay together and the Tory party are doing just this. |
| obligatory punch up. | | | | Their aim is to allow everyone to be able to inherit 1 |
| Of course, once a person is no more, then they are | | | | pounds million without the dreaded death duty and |
| not around to see the impending disagreements when | | | | couples will be allowed to combine the allowance to 2 |
| an inheritor doesn't agree with. If affairs are not | | | | pounds million. This will allow almost everyone in the |
| handled sensitively, then all sorts of disagreements can | | | | country to inherit a decent amount without paying for |
| arise within families after a will has been read and | | | | the privilege. Given the decline in property prices of |
| while the deceased has no knowledge of this, it is | | | | late, many will inherit homes that they can then keep |
| morally the right thing to do to try and keep matters | | | | instead of selling on to pay the tax due. |
| straightforward for them. The added pressure of a | | | | This is good news for couples and inheritors but will it |
| contested will can just make the loss of a loved one | | | | do the job of keeping families together or will it simply |
| that much more painful. | | | | widen the rich/poor divide even further? Rich people |
| On top of this, for the more wealthy among us who | | | | will become richer and poor people will be just where |
| are considering will writing, it is also important to | | | | they are right now. |
| consider the inheritance tax that loved ones may face | | | | I guess that pretty much depends on the morals and |
| from our bequests. A recent change was made to | | | | decisions of those making the will in the first place. If |
| inheritance tax laws that saw single people being able | | | | their main concern is that their estate stays intact and |
| to leave 300,000 pounds and couples being able to | | | | does as much as possible for the good of their |
| leave assets worth 600,000 pounds to loved ones | | | | offspring then it will have the desired effect. If family |
| without them incurring inheritance tax costs. However, | | | | know they stand to inherit amounts or assets that will |
| if the Conservative party have their way, this is going | | | | see them comfortable for the rest of their lives then |
| to change quite drastically, making a huge difference to | | | | this may be enough to keep them as a family unit but |
| the lives of those inheriting money and assets, as well | | | | it makes you question their motives. |
| as bringing peace of mind to those who are in the | | | | |