Martin Tilley explores the importance of keeping expression of wish forms up-to-date and explains why advisers have an important role to play in the process of wills and estate planning
The New Year is traditionally the time of resolutions: To get done tasks that have been put off in favour of more palatable pastimes. A frequently quoted task is the provision of a new will, or the review and update of an existing one. Family solicitors will I am sure record an uptake in interest for such services each new year. However, most person's second-largest financial asset, their pension, is not covered by their will, as if a trust-based scheme, the asset would ordinarily sit outside of their estate. Whilst those lucky enough to be in a defined benefit scheme may have more pres...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes