Budget Update – changes in Inheritance tax for your Will

In his mini-budget on Wednesday George Osborne confirmed that a couple would be able to leave a home worth up to £1million to their children without incurring any inheritance tax. From 2017 a new transferable £175,000 allowance will be introduced for homes being left to children or grandchildren to run alongside the existing £325,000. He said “ the wish to pass something onto your children is a basic, human and natural aspiration” With this in mind then you would think that the majority of people would protect this aspiration by having an up-to-date Will that accurately reflects their wishes. This sadly isn’t the case with most people not having a valid or accurate Will. So while we applaud this long overdue raising of the IHT threshold it will count for little unless people get their affairs in order. At Affio we make it easy, inexpensive and legal to get it done online. Register now and make you Will reflect your aspiration.   Try affio's online Will writing service. It's free to start! Click here to...

Making your Will is an emotional experience

“We must get the Will sorted” is a conversation couples have every few years. It is often prompted by some family event or change in circumstance and may be greeted by one of the parties with an unenthusiastic sigh, after all it all sounds a bit of a chore. What we have found at Affio is that far from being a chore it actually becomes a very positive emotional experience. Think about it like this, you are spending time really thinking about the life you have built and the things you have now that you value, both financially and also emotionally. You are then thinking about those that you love and that depend on you and what gifts you would like to make to them. Forget about death and ‘what if the worst happens’ and think of it as giving your loved one presents that they will remember you for and value. The best bit is you get all the fun and emotional rewards of giving without actually parting with anything. People who have completed the short Affio will-writing process have told us they get this deep warm feeling at a certain point in completing their Will. Why not give it a go and tell us if you experience the same.   Try affio's online Will writing service. It's free to start! Click here to...