Making sure your family is provided for in the event of your death can give you real peace of mind. We believe that everyone should have a Will, no matter how small or large their estate. Having a Will in place not only puts your own mind at rest but provides assurance for your family when it comes to the difficult time of dealing with your affairs after you have died.
Recent years have seen an increase in litigation against deceased estate. As a result, there is no subsititute for taking professional advice to ensure your estate doesn't end up increasing this number. We take a comprehensive set of instructions at the outset and advise you of a number of options and possible structures to suit your circumstances.
Advice AreasThese considerations may involve:
- How to structure the Will to cater for a spouse or partner as well as providing for children from a previous relationship
- The appointment of guardians of your minor children
- The appointment of Trustees to manage money/assets left to your children
- The terms of any trust for your children, such as the age they inherit and what can happen with their inheritance in the meantime
- Dealing with specific items and personal belongings to avoid future dispute
- Catering for a pet to ensure it will be taken good care of
- The inheritance tax implications of your Will and structuring the Will to ensure it is as tax efficient as possible
- Issues about your domicile, nationality and any property owned abroad
- Dealing with your succession of your business and business interests
- Structuring the Will in a way that protects as much of the estate as possible from future liability to pay care home fees, reduce or avoid Inheritance Tax (IHT) liability
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