In Mills v Mills  UKSC 38, the Supreme Court has allowed a husband’s appeal against an order, secured in the Court of Appeal, which increased the level of his periodical payments so as to cover her shortfall between existing periodical payments and her current needs. Hazel Wright, partner in the family department at Lincoln’s Inn firm…
Wills are essential to the ordered devolution of your estate, to ensure your property passes to your chosen beneficiaries (which it may not do if you do not make a will), and does so in the most effective way.
Wills not only allow you to choose who should benefit, and to what extent, but also:-
- to choose who you want to manage the administration of your estate (your “executors”);
- to choose an age at which young beneficiaries inherit (many consider 18 to be too young);
- to appoint guardians of your children during their minority;
- to create on-going trusts to safeguard vulnerable beneficiaries;
- to minimise your estate’s inheritance tax liability;
- to reduce administration time and expense.
Clients with assets overseas may need local advice on Wills and succession planning. We frequently liaise with overseas lawyers to ensure appropriate testamentary documentation dealing with our clients’ worldwide estate is in place.