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Why Now is the Perfect Time to Review Your Will: Preparing for the Autumn Statement

With the New Government’s Autumn Statement just around the corner, now is an ideal time to take a fresh look at your Will. The Autumn Statement often brings changes to taxation, inheritance laws, and financial regulations—areas that can directly impact your estate planning. Making sure your Will is up-to-date ahead of these potential changes can give you peace of mind and ensure your wishes are fully protected.

Here are some key reasons why reviewing your Will before the Autumn Statement is a smart move:

1. Tax Changes Could Impact Your Estate

The Autumn Statement may introduce changes to inheritance tax (IHT) thresholds, capital gains tax (CGT), and other financial regulations that could significantly affect how much of your estate is passed on to your beneficiaries. By reviewing your Will now, you can work with your advisors to make any necessary adjustments and take advantage of current tax planning opportunities.

2. Ensure Your Assets Are Protected

Changes in law can alter how assets such as property, shares, and business interests are taxed or transferred. A review of your Will can ensure that your estate is structured in the most tax-efficient way, protecting your wealth for future generations.

3. Life Changes Might Not Be Reflected

If you’ve experienced significant life changes—such as marriage, divorce, the birth of a child, or changes in financial circumstances—these events may not be reflected in your current Will. Now is a great time to ensure that your Will is aligned with your current life situation and that your wishes are accurately represented.

4. Peace of Mind for You and Your Loved Ones

A regularly reviewed and updated Will provides peace of mind, ensuring that your family is protected and that your assets will be distributed in accordance with your wishes. Waiting for legislative changes could cause unnecessary stress or leave your estate vulnerable to unexpected changes in the law.

5. Take Advantage of Professional Guidance

With a new government in place, it’s important to stay ahead of any legal or financial shifts that could impact your estate. By reviewing your Will now, you have the opportunity to seek professional advice on how best to structure your estate and protect your wealth.

Next Steps: Preparing for the Autumn Statement

The upcoming Autumn Statement presents a timely reminder to ensure your estate planning is in order. Whether you need to make small adjustments or a comprehensive review of your Will, acting before the government announces changes can help you stay ahead of any potential new regulations.

At Guardian Solicitors, we specialise in Wills, Estate Planning, and inheritance matters. If you’d like to explore your Will ahead of the Autumn Statement or discuss your estate planning options, get in touch with us today to arrange a consultation on 0203 31 6600 or info@guardiansolicitors.co.uk