Wills are an invaluable tool for making sure that you leave your affairs in order and ensure that you make the right provision for your loved ones. We will look closely at how to structure clients' assets in the most tax-efficient manner as part of the comprehensive process we undertake when advising them on Wills.
Making a Will allows you to choose guardians for your children, appoint trustees to safeguard this inheritance, provide for a friend or unmarried partner, make provisions to manage a business and pass it on and minimise the potential inheritance tax liability.
If you don’t make a Will, the Intestacy Rules set out a strict order of who will benefit and how.
While your Will should reflect your current personal and financial circumstances, it should be viewed as work in progress and reviewed regularly to ensure it stays up to date.
To find out what might happen to your Estate if a Will is not put in place, please click here.