Making a Will gives you an opportunity to:- • Choose precisely how your property and assets will be distributed after your death • Minimise tax liabilities that your estate may incur • Appoint someone you know and trust to act as the Executor of your estate • If you have children who are minors, to appoint Guardians of your choice
Skilful use of this Trust in Wills for married couples in conjunction with advice on the family home may protect your share in the family home in the event of the survivor going into a Residential Nursing Home.
If as a single person you are worth more than £325,000 or as a married couple more than £650,000 then Inheritance Tax is an issue for you and tax efficient wills and/or lifetime gifts may save tax.
No-one knows what may be around the corner. In the worst scenario an Advance Directive will allow your say about the medical treatments you receive.