By making a will you
can ensure that your wishes are followed after your
death.
Am I too young to
make a will?
There is no restriction
on age when you can make a will. No one is
too young or too old to do so.
Is making a will expensive?
It is not as
costly as many people think. It can cost from as little
as £40 to make a simple will.
I don't have many
possessions to leave
You may think that
you don't have much to leave but when the value of
your home and contents, bank and building society
accounts and pension benefits are taken into account,
you may be surprised by how much you have to offer.
Are there any taxes
paid on a legacy which I leave to a charity?
No – all legacies
to charities are free of Inheritance Tax and Capital
Gains Tax. In the 2004 Budget the threshold was increased
to £263,000 taxed at a flat rate of 40%.
How can I change my
will?
You are free to change
your will as often as you like. It's important to
update and review your will regularly to ensure that
it reflects your current wishes and circumstances.
A simple change, such as adding Breast Cancer Care
to the beneficiaries of your will, can be made using
a codicil. This is a legal amendment to your will,
which needs to be signed and witnessed in the same
way as your will. Your solicitor can give you advice
about how to do this.
