A recent case in England has again highlighted why it is important to record your wishes clearly in your Will to avoid a family dispute - which could end in a costly court battle.
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As we all get used to doing things differently and applying these new measures and guidelines, our specialists will work with you to ensure that you can take the actions you want to take. Here is an idea of what you can expect when making a Will or setting up a Power of Attorney.
The All Party Parliamentary Group on Inheritance Tax and Intergenerational Fairness (APPG) has set out significant proposals for reform of the current Inheritance Tax (IHT) rules. The current IHT regime have faced vast criticism as being "complex, ineffective, riddled with anomalies, distortionary and unfair", with the tax facing public criticism as being one of the UK's most disliked taxes.
A recent court case highlighted the importance when setting up a trust of deciding who the trustees should be, the number of trustees and your wishes as to how the funds should be distributed.