Future planning is a key factor for many people in later life. Having an up-to-date Will is the number one way that people use to communicate their wishes and, although it is an important element, it might not be the most effective way to ensure your children, family or friends get the best outcome from your hard-earned estate.
There are a number of other ways of getting your wishes across, such as Trusts and Lasting Powers of Attorney. Although careful planning using expert advice can help to reduce your Inheritance Tax liability significantly, none of this is going to be effective unless your family have a complete understanding of your wishes, and access to the right knowledge and information.
In a number of cases a person’s wishes haven’t been communicated effectively, if you are unsure if your will and documentation is clear our team of experts are always happy to help.
