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wills need updating when circumstances change

Tabloid reports of celebrity divorces and footballers’ private lives can be entertaining but they are completely irrelevant to our everyday lives. So what about less well publicised judgements?

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witnessing a will

Following the legal rules when witnessing a Will is vital. The High Court has just ruled that the Will of a Crawley resident was invalid because the witnesses didn’t understand what was required of them. The Will left nearly all of the estate to 2 sons but 3 daughters will now also receive an equal share. A Will must be signed properly as this case shows getting it wrong has unintended consequences.

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giving to charity?

It's becoming clear that the Government's proposal to reduce inheritance tax where 10% of an estate is left to charity could reduce lifetime giving. A couple of major charities I've spoken to are becoming increasingly worried. They might be left more money in wills potentially but at the expense of cash now. Maybe the Government will need to re-think it's proposal which is widely acknowledged as very complicated.

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don't include details passwords in wills

I've just heard a rumour that people are including passwords in Wills so their executors can gain access to internet accounts and personal computerised records. Dear me. That really would be a foolish thing to do. Remember the contents of wills are published. Leave a private note instead.

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high number of people across the uk without are wills

The national media recently highlighted that a high number of people across the UK are without a will and you might be wondering what all the fuss is about. At Spofforths we produce and update wills for clients and can see the benefits first hand. Clients enjoy the peace of mind that having a will provides and the knowledge that it will help prevent disputes in the future. We all have the power to decide what happens to our property, possessions and assets after we die. It’s really important that you don’t leave writing a will until old age, so act now and make sure your assets are left to those you love.

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winter edition of spofforths news now available to download

The Winter edition of Spofforths news is now available to download.

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a charitable christmas

Crowds gathered in Horsham Carfax for the annual Charity Christmas Market on Sunday 27th November 2011. They enjoyed entertainment from the local Rock Choir and also took up the opportunity to ride on a traditional steam bus. The event was a great success as always and Spofforths Private Client Services was delighted to cover the hire cost for each stall.

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stamp duty land tax rate change

Like the rumours predicted, confirmation was given today in respect of changes to the rate of Stamp Duty Land Tax (“SDLT”). Where a property is purchased on or after 22 March 2012, for more than £2 million, SDLT will now be charged at a rate 7%. For properties of this value purchased through a limited company, the rate of SDLT to be applied is substantially higher at 15%.

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gemma spofforth builds up for the olympics

As Gemma prepares for the 2012 Games she is busy training and maintaining a healthy diet. Nutrition is of huge importance to every Olympic swimmer as they burn off a great deal of energy in the pool. Gemma needs to be in the best possible shape to medal in the 100m backstroke heats and is eating the right balance of food to build-up her strength.

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a family connection

We deal with all sorts of family matters in our Private Client Services department and it so rewarding when our clients thank us for having such a hands-on approach. Just the other day I met up with a client who lost touch with her son 15 years ago and we discussed how we might be able to help find him. Through the Internet and social networking sites I have managed to track him down, and this has provided his mother with great comfort. We are set to have another meeting soon and I hope that I will be able to see mother and son reunited in the very near future.

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fundraising success for winston's wish

The Winston’s Wish fundraising firewalk was a great success on Saturday 12 May and we helped to raise more than £4,500 for the leading childhood bereavement charity. Lady March, President of Winston’s Wish, kindly offered Goodwood Motor Circuit as the prestigious venue for the event which involved 26 firewalkers.

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