A properly written will isn’t just a courtesy to your family and loved ones. It can play an important role in inheritance tax planning too.
Most people understand that a will is important in making sure your assets pass to the right beneficiaries when you die, but fewer realise the key role it plays in inheritance tax planning. A well-drafted will can help you make appropriate inheritance tax arrangements, by making the most of the reliefs available to you and making sure your assets pass to the correct parties.
Without a will, your assets could be divided in line with the intestacy rules, meaning the whole business will be beyond your control.
Even if you already have a will, it should be reviewed and updated on a regular basis. As your life and priorities change, you will want to amend the arrangements and ensure that your will still reflects your wishes and financial circumstances.
Reviewing your will is all part of putting together your financial plan, and when will writing services are required, we have access to a number of expert service providers. With their help, you will be able to rest assured that your wishes and your estate are protected, even after your death.
Where will writing services are required, we’ll refer you to a service that is separate and distinct to those offered by St. James’s Place. Wills are not regulated by the Financial Conduct Authority.