belfast solicitors
Wills and Probate

How Making A Will Could Save You Paying More Tax

Wills and Probate

How Making A Will Could

Save You Paying More Tax

Making a Will To Avoid Paying Extra Tax? Then you need to read this.

Are you writing a blank cheque to the Government?

Most people have some apprehension when dealing with the issue of a Will. They see it as a rather melancholy and depressing prospect- something they would prefer to avoid. However by not making a Will you may ultimately be giving money to the Government; money that you would have preferred to go elsewhere.

Most people have some apprehension when dealing with the issue of a Will. They see it as a rather melancholy and depressing prospect- something they would prefer to avoid. However by not making a Will you may ultimately be giving money to the Government; money that you would have preferred to go elsewhere.

At Robert G Sinclair & Co Solicitors, Malachy Hagan points out some of the issues that need to be considered and why you should be contacting Robert G Sinclair & Co solicitors as a law firm to make a Will.

If you don’t have a Will

you are writing a blank cheque to the Government!

1

There is always the possibility that your money could go to the Government if you do not make a Will.
2

If you and your wife /partner unfortunately die together, in a road traffic accident for example, without making a will your wishes as to who they should look after your children and how their finances are managed may not be realised
3

By not making a Will you are putting extra pressure on remaining family members to administer your estate without your wishes being known which can cause family disputes.
4

By making a Will you can make provisions to reduce the exposure of your estateto a potentialtax liability. It should be noted that if you have an estate of over £325,000.00 then that estate may attract inheritance tax – something you may be able to avoid or reduce by proper tax planning and a well drafted Will.
5

90% of Wills are relatively straightforward and can be prepared in a number of hours for a very modest fee.
6

No matter what your age if you have dependents and are also in employment then you should consider making a Will. It is important that you consider the nominee of any death in service payment and review this on divorce or separation.
7

If you are living with your partner and not in a Civil Partnership there are issues that need to be considered in relation to your next of kin and planning for money going to your partner. Remember that your partner may not be your next of kin and if you die without making a Will your money will not necessarily go to that person.

Why Us?

For Wills and Assets to be managed successfully and efficiently, it needs to be handled methodically and proficiently.  Malachy Hagan LLB and the Team at our Belfast based law firm have years of proven experience in Legal Advice, handling transactions on wills, assets, remortgaging, mortgages, purchases and sales across Northern Ireland.

We provide Legal Advice and support to individuals, commercial property agents, Flat Management agencies, retail landlords, financial institutions, banks, building contractors, companies and sole traders.

Value Your Investments After You Are Gone?

It is therefore essential that you do make a Will. At Robert G Sinclair & Co., solicitors Malachy Hagan has been in practice for 35 years and would be more than willing to have a chat with you to discuss making a Will and protecting not just your money but also your family.  Please contact Malachy Hagan on 028 90 231770 or by email m.hagan@rgsinclair.co.uk

We offer clear, fixed fees

and no hidden extras.

Our team of legal experts will be happy to advise or assist you with any Legal Advice matter.

Contact us for a quick, no obligation quote, on 028 90231770 or complete the enquiry form and we will call you back. At your free initial consultation our legal expert will make everything clear from the costs involved to what to expect along the way. We’ll work to get you the best possible result and promise to keep you up-to-date at every stage.

RG Sinclair - Malachy Hagan LL.B

Malachy Hagan LL.B

Solicitor

Malachy Hagan has been practising as Solicitor since 1981 after having graduated from QUB in 1980 and attending the Institute of Professional Legal Studies

He has worked in general practise in excess of 35 years gaining a wide range of experience in conveyancing family law litigation and criminal law. Of latter years he has specialised in domestic conveyancing. He is an accredited family mediator, collaborative lawyer and children order member.

He serves as a board member of his local primary school and a cross community music charity. Away from the office he splits his time between his family and his passion for fly fishing.

wills

David McCormick LL.B

Legal Advisor

David McCormick graduated from Queens University Belfast in law in 1987, attended the Institute of Professional Legal Studies, and qualified as a solicitor in 1989.

He has vast experience and knowledge in a variety of mainly non-contentious work, with a strong background in land and property matters, and joined the firm in June 2012.

David works primarily in the Private Client Team, dealing with residential and commercial property and asset protection. He also assists the teams dealing with repossession sales and remortgage transactions.

RG SINCLAIR BELFAST SOLICITORS.

COVERING ALL OF NORTHERN IRELAND.

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Call us today on 028 9023 1770, or fill in the call back form below, to arrange your free initial consultation.

RG Sinclair Solicitors & Co. Ltd

Sinclair House
23 Bedford Street
Belfast BT2 7EJ

T: 028 9023 1770
E: info@rgsinclair.co.uk

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