Making a will is vital for managing the potential impact of inheritance tax (IHT) and setting your affairs in order, so it is important to ensure it is planned correctly, well written and legally sound.
A carefully drafted will can help your heirs plan for inheritance tax by making the most of the tax reliefs available and ensuring your assets go where you intend. If you don’t have a will, your assets may instead be divided according to intestacy rules and your relatives could owe unexpected inheritance tax.
If you already have a will
If you created a will many years ago, it is important for a regular review of its provisions and relevance to your changing circumstances. Most people would prefer their wealth to be passed on to their families rather than HM Revenue & Customs or a former spouse or civil partner.
When it comes to helping you protect your legacy and estate, we have access to a number of legal service providers which can arrange wills on your behalf.
The writing of a will involves the referral to a service that is separate and distinct fo those offered by McMillan Wealth Consultants Ltd and St. James’s Place. Wills are not regulated by the Financial Conduct Authority.
For more information on will writing services or protecting your estate, please contact us.