Wills & Powers of Attorney
You will be aware of the need to have a valid Will, however this is often overlooked as is the need to regularly update the Will to ensure it continues to reflect your circumstances and wishes.
On death without a valid Will assets will be distributed in accordance with the laws of intestacy; contrary to popular belief this does not mean that all assets will pass to your spouse or partner if you are married or in a civil partnership. Holding a valid Will is the only way to ensure your assets are passed on as you would wish.
A Power of Attorney should also be considered to enable your affairs to be managed if in time you lack the capacity to do so yourself.
Further information about IHT & Estate Planning: