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The Savvy Scot

Personal finance and lifestyle blog

Viewing posts tagged with: will

The Deadly Cost of Not Having a Will

By Pauline

Remember that having a will isn't for you. It's for your children and heirs. Without a will, inheritance tax must be paid on the estate if over the threshold. Can you family afford these taxes?

An important part of managing our assets includes creating a will. Death isn’t something we want to think about, but it’s going to happen to us all. Having a will in place helps safeguard our desires upon death.   Keep in mind that certain places may have laws in place regarding those who die without… Read more

Filed Under: Personal Finance Tagged With: will

A Quick Guide to making a Will

By Pauline

More than 15,000 Scottish estates dating back as far as 1978 have yet to be claimed because the owners failed to make a Will. Anyone who dies without a Will – known as dying intestate – and with no traceable relatives has their financial affairs handled by the Government Legal Department in England and Wales… Read more

Filed Under: Money Tagged With: making a will, will

Four Key Elements to Include in Your Will

By Pauline

  Writing a will may seem overwhelming, but everyone should do it. A common misconception is that only wealthy people should bother creating a will, but that couldn’t be further from the truth, according to USA.gov. In the past, the standard way to plan an estate was to hire an attorney to walk you through… Read more

Filed Under: Money Tagged With: key elements, will

New Year Lifestyle Checklist

By Pauline

New Year’s resolutions are a tradition, but sometimes trying to complete them can seem like a challenge. Use a lifestyle checklist like the one below to get your affairs in order.

  New Year’s resolutions are a tradition, but sometimes trying to complete them can seem like a challenge. This year, why not take on some easy resolutions that are achievable and could make a big difference to your future? Use a lifestyle checklist like the one below to get your affairs in order. Finances After… Read more

Filed Under: Money Tagged With: diy, Finance, income, job, lifestyle, list, Money, New Year, resolution, to do, will

Will it to charity if it be your will

By Pauline

      Benjamin Franklin’s famous quote about the two inevitabilities of life being death and taxes is as true today as it ever was. And when it comes to that aspect of life most of us would rather not contemplate – many of us tend to bury or heads in the sand. This is… Read more

Filed Under: Money Tagged With: Charity, donate, estate, family, inherit, planning, tax, wealth, will

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