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| Being prepared
I have on many occasions when discussing Wills with people been told that "I have nothing to leave, it will all go to my children in any event." Unfortunately this attitude does prevail and it is quite clear when things are discussed in more detail that people do have Estates of considerable value and that it might not necessarily go to their children unless they make proper provision in a Will. A Will is essentially a document giving instructions as to how your Estate is to be divided on your death. If you do not make a Will then your Estate will be divided in accordance with the provisions of the Succession Act which broadly speaking will divide your Estate in the following manner:
In addition to making a Will it is important to discuss with your Solicitor the extent of your Estate because issues such as Capital Acquisitions Tax (Inheritance Tax) will arise in particular when the Estate is very large but also when the beneficiaries of your Estate will not be your children. This will be discussed more fully in the Tax Planning Section. It is our policy to provide every Client a first Will free of charge. Making a will |
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