Wills

A Will should be the first consideration in the preservation of wealth and can be a very simple document if there are no tax or family considerations or can be a more complicated document if the Estate amounts to more than the nil rate band and inheritance tax is likely to be payable.

• The appointment of Guardians
• The protection of an improvident beneficiary from his own actions
• The protection of the share of a beneficiary from divorce or bankruptcy
• An unequal division of the estate if for any reason one beneficiary should be preferred against others.

Probate

It is essential that an estate is properly administered not only to ensure that the beneficiaries receive their maximum entitlement but also to ensure that the executors are fully protected against any future claims.

If an inefficient Will has been executed it may be possible to rectify this by way of a post death Deed of Variation executed within two years of death.

Living Wills

This is a directive enabling a trusted nominee to make decisions with regard to health care in the event of an accident or serious illness.