Three in four families aren't covered by a will
Dying without a legally valid will means your estate and assets will be carved up according to strict intestacy rules – and not your own wishes. Writing a will is the only way to ensure your property, savings and possessions go to whom you want after you die. It is also an important way to ensure assets are passed on tax efficiently, writes Esther Shaw of the Mail on Sunday.
With three quarters of people having not written a will, Esther spoke to BLM partner and estate planning specialist James Beresford for his recommendations on drawing up this vital document and exploring ways of reducing future inheritance tax bills.
Read the article here.
Disclaimer: This document does not present a complete or comprehensive statement of the law, nor does it constitute legal advice. It is intended only to highlight issues that may be of interest to clients of BLM. Specialist legal advice should always be sought in any particular case.