An appropriately written Will is for those people who want to fully protect themselves and their family’s future inheritance. It is for people who have worked hard to create wealth, even if most of that wealth is in their home. It is for people who want to ensure that the wealth they have created is protected as fully as possible now but also for the future generations to come.
By writing a Will you can make sure your wishes are followed as directed and assets pass to who you wish them to, rather than as the Intestacy Laws direct. Trusts are established to ensure that those assets are then able to be passed on, protected for your children and grandchildren – what we call Bloodline Protection.
Having established this bloodline protection, your home is very likely to be protected from future Local Authority Long-Term Care cost assessment and it is quite possible that the planning could reduce any Inheritance Tax liabilities.