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Your Children Inherit your Estate:

Potential Risks:

  • Ex-spouses could claim some of the funds

  • By adding funds to your Children's estates, they could pay extra Inheritance Tax on their death

  • Creditors could come after any money if your children have outstanding debts

  • Funds could be used to pay for your children's care later in life

  • No Guardians named. The local Authority will decide on their care, this may not be family members.

A standard Will ensures that you clearly appoint your Executors and ensure your children do not have to go through a long winded legal system to get their inheritance. It may not stop the risks, but it will ensure a simpler process in a difficult time.

Contact us for a free initial consultation.

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