News

MEDICAL

TAX AND BUSINESS

GP MEDICAL

The Sandisons Logo

CONTACT

MENU

Changed circumstances, change your Will

Source: HM Revenue & Customs | 04/04/18

We have published articles before discussing the importance of making a will and ensuring that your assets are divided amongst your beneficiaries in the way best suited to your personal wishes. One of the most important reasons for doing so, is to ensure that you do not die intestate (without a will) where the intestacy rules will decide how your estate is distributed.

HMRC’s guidance on making a will makes an important recommendation that you should review your will every 5 years and after any major change in your life, such as:

  • getting separated or divorced;
  • getting married (this cancels any will you made before);
  • having a child;
  • moving house;
  • if the executor named in the will dies.

In order to make a minor change to your will you must make an official alteration called a codicil. This change must be witnessed in the same way as witnessing an original will. There are no limits on how many codicils you can add to a will.

However, if the changes are significant, we would recommend making a new will. The new will should also explain that it revokes (officially cancels) all previous wills and codicils. Any and all copies of previous wills should then be destroyed.

Planning note

We would strongly recommend checking any current wills to ensure that your assets are divided amongst family, friends and charities in accordance with your wishes.

Newsletter

With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!

> SIGN UP FOR THE NEWSLETTER

> LOGIN

Some accountancy websites also provide pages and pages of tax information, helpsheets, etc. We prefer to give clients personally tailored advice. So, if you want details of tax rates and allowances just go to the HMRC website on which you should find what you’re looking for. If you need more individual advice please contact us.

Below are links to websites you may find of interest, but as we like to support our local community and clients, we have included links to websites that may be of interest:

HMRC

FT

BBC

VEALE WASBROUGH VIZARDS

CESP

PRACTICE INDEX

More Local:

IPAD CREATIVE

ANGLEBURY PRESS

OFFCAMBER.CO.UK

SANDISONS

Badger House,

Salisbury Road, Blandford Forum

Dorset DT11 7QD

Telephone: 01258 451234

Fax: 01258 453280

Sandisons is the trading name of Sandisons Limited. Registered office: Badger House, Salisbury Road, Blandford Forum, Dorset DT11 7QD.  Co. Reg. No. 05068291

Privacy Statement. Sandisons Limited respects your right to privacy. Any personal or company details received via our website will only be used by Sandisons Limited.

The Sandisons Logo