Best will for……Part 1: Wealthy singles

I’ve seen a huge variety of wills in my time – some good; some not so good!  How do you know if your will, or your clients’ English wills, are the best they can be, though? 

Unfortunately you can’t tell just by looking at the wording.  A will should be unique to the will-maker – like a bespoke suit, it needs to be tailored to the will-maker’s individual circumstances to really hit the mark.  However, for certain categories of people, common themes do emerge.  So, if you or any of your clients are single, divorced or widowed, here are some ideas for you:

Nil Rate Band will trusts: time to review

This year’s Finance Act introduced some significant constraints on when debts can be deducted for Inheritance Tax (IHT) purposes.  The changes should have set alarm bells ringing for any families who are making use of nil rate band will trusts and associated loans.