A suitable, well drafted will is the cornerstone of good financial planning. It is a document that every adult should consider making as soon as possible.
Contrary to popular belief, writing a will is not a simple task and if it is to be done properly, it must be done by a competent professional with the requisite experience. Writing a will can involve having to navigate complex issues such as:
- The possibility of undue influence
- Assessing testamentary capacity
- The client’s domicile and how this may impact upon any estate planning
- Which assets form part of the testator’s estate and how liabilities and insurance contracts affect this
- How any business interests will be dealt with on death
- Whether any trusts are in existence and how these will interact with the estate
- Foreign property and succession issues associated with any such property
* The information on this website is based on our interpretation of the law and HMRC practice as at April 2016. Taxation legislation and HMRC practice may be subject to unforeseen changes in the future.