The significance of creating and updating your Will


Do you have a Will in place? If so, when was the last time you looked at it? A survey produced in January 2018 based on 2,000 people by Macmillian Cancer Support has revealed that among over 55’s, 42% of people do not hold a Will. Furthermore, the poll suggested that 1.5 million people may have unknowingly made their Will void by getting married. When you are legally married, your marriage automatically revokes any Will made previously, making that Will invalid.

Further historic research from Macmillan found that people’s main reasons for not having a Will in place included the following; not having the time to get around to it, the belief that they do not have anything of value to leave behind or that they do not need to write one until they retire.

At Philip J Milton & Company we believe it is vital to have a Will as it will give certainty to your intentions, speed up the process of administration, ensure your estate is dealt with tax efficiently (where necessary) and avoid those you want to leave something to from being overlooked. Even if you think you have nothing worth inheriting, this is often not the case.

We offer a very cost effective, efficient and compassionate Will writing and executorship service. For a meeting or telephone appointment, preparation of a basic Will or Wills and an offer to store the finalised Wills indefinitely (without further charge), we are pleased to offer our services at £150 plus VAT for single Wills and £225 plus VAT for mirror Wills. If you require a more complex Will we shall confirm our terms to you beforehand and seek your consent to proceed before you incur any cost.

Our Will writing and executorship service is designed to complement the other areas of our financial planning and taxation services. There are clear benefits in allowing each of these aspects to be catered for under one roof as it enhances our efficiency in attending to your affairs as a result of having more relevant information readily available.

If you would like advice regarding making a Will or perhaps you feel your existing Will may benefit from a review to ensure it continues to represent your wishes in the most tax efficient manner, please do contact the office to arrange an appointment with one of our highly qualified advisers, at our cost.