Putting future plans in place

inheritance

If there is not a will or if a will is not drafted properly, the intended recipients of an estate can stand to lose significant amounts due to taxation, bills or a court ruling on asset distribution

A will is widely acknowledged to be one of the most important financial documents you can possess and is the first place most financial advisers start when undertaking a financial review. Families can be left in extreme financial difficulties with assets not distributed as intended due to the lack of a will or if the will is poorly drafted. The laws of intestacy apply to those who do not draft a will. These guidelines were created in 1925 to cater for the needs of the average person but are generally regarded as insufficient today and can cause significant financial and personal problems....