How to Write Your Will: The Complete Guide to Structuring Your Will, Inheritance Tax Planning, Probate and Administering an Estate, Nineteenth Edition

281 Pages·2009·6.12 MB·English

by  Marlene Garsia

i
how to
WRITE
WILL
your
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LEAVE A LEGACY THAT MAKES ALL THE DIFFERENCE
““II lloovvee mmyy BBWWBBFF sseett””
MARLA – aged 8
Marla was born blind. She is just one of the many thousands of visually
impaired people in the UK who enjoy the comfort and companionship of specially
adapted audio equipment provided on free permanent loan to those in need by the
British Wireless for the Blind Fund.
Marla loves her up-to-the-minute BWBF set. It’s her constant companion!
Please help us provide the comfort of radio to visually impaired people who
are in need by remembering usin your Will. For details about the Fund, contact:
British Wireless for the Blind Fund,
10 Albion Place, Maidstone, BWBF
Kent ME14 5DZ.
Tel: [phone] Fax: [phone]
Or visit our website at: REG.CHARITYNo:1078287
www.blind.org.uk BRITISH WIRELESS FOR THE BLIND FUND
KEEPING BLIND PEOPLE IN TOUCH WITH THE WORLD
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Remember me…
Fatmata Sesay,
8 years old, Nyandehun
Village, Sierra Leone
Photo: Liba Taylor/ActionAid
Can you find a place for a poor child in your Will?
By remembering ActionAid in your Will, you can help transform the lives of poor
children and their families.
ActionAid is one of the UK’s leading overseas development charities and has been
working with poor communities for over 35 years. Last year alone, we reached more
than 13 million people. Please help us continue our work for as long as it’s needed.
Whether large or small, a gift in your Will could leave the world a better place for
countless poor children and their families. It could give them access to clean water,
sufficient food or the chance to go to school.
Call now on 020 7561 7668,[email protected]
or visit www.actionaid.org.uk
ActionAid is a registered charity, no. 274467
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v
how to
WRITE
WILL
your
The complete guide to structuring
your will, inheritance tax planning,
probate and administering an estate
19th edition
Marlene Garsia
vi
Readers should check before taking irrevocable action in case of changes to the
law.
While every care has been taken to ensure the accuracy of the contents of this
work, no responsibility for loss occasioned to any person acting or refraining
from action as a result of any statement in it can be accepted by the Author.
Amendments have been made following the Chancellor’s Budget Statement on
22 April 2009. Readers should be aware of this and obtain details of any late
amendments.
First published in 1989 entitledHow to Write a Will and Gain Probate
Thirteenth edition 2003 entitled How to Write Your Will
Fourteenth edition 2004
Fifteenth edition 2006
Sixteenth edition 2007
Seventeenth edition 2008
Eighteenth edition 2009
Nineteenth edition 2009
Apart from any fair dealing for the purposes of research or private study, or criti-
cism or review, as permitted under the Copyright, Designs and Patents Act 1988,
this publication may only be reproduced, stored or transmitted, in any form or by
any means, with the prior permission in writing of the publishers, or in the case of
reprographic reproduction in accordance with the terms of licences issued by the
Copyright Licensing Agency. Enquiries concerning reproduction outside those
terms should be sent to the publishers at the undermentioned address:
Kogan Page Limited
120 Pentonville Road
London N1 9JN
United Kingdom
www.koganpage.com
© Marlene Garsia, 1989, 1992, 1993, 1995, 1996, 1997, 1998, 1999, 2000,
2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009 (twice)
The right of Marlene Garsia to be identified as the author of this work has been
asserted by her in accordance with the Copyright, Designs and Patents Act 1988.
British Library Cataloguing in Publication Data
A CIP record for this book is available from the British Library.
ISBN 978 0 7494 5540 8
Typeset by Saxon Graphics Ltd, Derby
Printed and bound in Great Britain by Thanet Press Ltd, Margate
vii
Give a retired Greyhound the WILL to live.
There’s a hopeful, trusting look in the eyes of most retired
greyhounds. They’re hoping for a comfortable retirement home
and they trust us to provide it for them!
How can you help? With the best will in the world, you may not be
able to either adopt or sponsor a greyhound right now. But a legacy
could be the answer. For example, a tax-effective way of donating is to
remember us in you will. You could consult your solicitor when
drawing up your will to ensure that your money goes where you
decide. For more information on how to leave a legacy to the
0844 826 8424
Retired Greyhound Trust, email or phone us on:
Retired Greyhound Trust
2nd Floor, Park House, 1-4 Park Terrace,
Worcester Park, Surrey KT4 7JZ
[email protected]
www.retiredgreyhounds.co.uk Charity No. 269668
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A legacy to Kew is a gift for life
Wedon’t only protect rare plants at Kew, as the careof the world famous Gardens
we are also trying to conserve a world for the enjoyment of many thousands of
worth living in for generations to come. visitors each year.
After all, we rely on plants for the very
air that we breathe. Legacies are vital to the future of Kew,
and are an essential source of support for
Kew’s work includes the conservation of Kew’s mission to inspire and deliver science-
rare plant species, research into plant based plant conservation worldwide,
uses, and education for all ages, as well enhancing the quality of life.
For further information, and a free copy of our legacy booklet, please contact:
Legacy Department, Foundation and Friends, Royal Botanic Gardens, Kew
FREEPOST, Richmond, Surrey TW9 1BR
Telephone: [phone] E-mail: [email protected]
Fax: [phone] Web: www.kew.org
Registered Charity Number: 803428
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Plants are the basis of all life on Earth, yet a quarter of all plant
species may be threatened with extinction. The Royal Botanic
Gardens, Kew, the world’s premier botanic garden, is
dedicated to securing the future of the plant kingdom. Kew is
undertaking conservation projects throughout the world, and
is searching for new ways for plants to benefit society.
Through education, Kew is working to increase understanding
of the importance of plants to humans. The Foundation and
Friends raises funds to support Kew’s work. You could help
Kew by becoming a Friend, making a donation or leaving a
legacy.
More than 100 women a day
®
in the UK are diagnosed
with breast cancer
Against Breast Cancer funds unique research to increase survival
after diagnosis and ultimately to discover a vaccine. Our
Diet & Lifestyle Study is now the largest of its kind in the world
and our emphasis on the prevention of secondary spread is
ground-breaking in breast cancer research.
A recent legacy has enabled us take on additional research staff
to develop a vaccine against breast cancer. You can be sure that
Imagine a future free
your gift, large or small, will help turn our research into reality.
of breast cancer…
Against Breast Cancer
Leathem House, 13 Napier Court, Barton Lane
Abingdon OX14 3YT
T: 01235 534211 E: [email protected]
W: www.againstbreastcancer.org.uk Registered charity no 1121258