Wills & tax planning
If you do not make a will, the law determines who inherits from you and this may not meet your requirements or the needs of your dependants. This is why it is always much better to make a will. Making a will is generally a simple process and the advantages include ensuring that your family is provided for, you choose the individuals who will carry out your wishes and who will look after your children.
Making a will can also reduce or minimise your liability for inheritance tax. When making a will, you need to consider issues such as:
- Gifts to family members
- Appointing guardians for your children
- If a family member has passed away, you will need to apply for probate and we can act for you in obtaining this document and with the administration of the estate.
We also have the expertise required to prepare a will according to Shariah Law, more commonly known as an Islamic will.