Alexandra Svennevik, Senior Solicitor (TEP)

Review your Will on a regular basis to make sure it still reflects your wishes.

It’s never too early to start planning for the future.

Utilise available tax allowances to your full advantage

What happens if I don’t have a Will?

If you do not have a Will, then your estate will pass under the intestacy laws. This may not result in your assets passing to the people you would want to benefit.

Do I need a Grant of Probate?

Whether or not a Grant of Probate is required will depend on the type of assets a person had and sometimes the size of those assets. If you are unsure, it is best to seek professional advice.

Can I avoid Inheritance Tax by gifting everything to my children?

Making gifts during your lifetime can be an effective way of reducing Inheritance Tax on your death. However, caution is needed as some gifts may still form part of your estate for Inheritance Tax purposes or may still result in Inheritance Tax being payable.