A trust provides families with the opportunity to make generational transfers of wealth, while preserving a degree of control and asset protection. When used in conjunction with assets that qualify for certain inheritance tax reliefs, they can be tax efficient and need not be associated with the complexity that many fear. In this article, we …
Millennials are now starting to inherit the biggest fortune ever to be reaped by a generation as their baby boomer parents die and they bank decades of house price growth. However, these inheritors can expect not only lump sums and family homes, but lawsuits and relationship-ending fallouts. Record numbers of wills are being contested, with …
Many people believe that if they put a will in place, that it will determine what happens to their estate after their death. Although this is the starting point, ultimately a person’s will can be changed after their death. Who can change a will? Beneficiaries and executors can make changes to a will after the …
