How To Write A Tax Efficient Will: How to Outwit the Taxman by Deborah Bowers
English | 2022 | ISBN: N/A | ASIN: B08Q269ZC5 | 211 pages | EPUB | 0.50 Mb
A will can be written by anyone, but not everyone can write a tax-efficient will. Having a will can save your family much headache as it informs others of the desired distribution of your estate in your absence. It can provide the clarity needed to avoid conflict and maintain family harmony. It also gives you an excellent opportunity to plan for the future of your loved ones. It enables you to make arrangements to:
– It gives you an opportunity to avoid an inheritance tax bill of 40 % should your assets be above the nil rate band.
– Avoid leaving the decision as to how minors or less-abled children will be cared for in your absence, to the Courts.
– Provides an opportunity for financial planning.
– Allows you the opportunity to outwit the taxman.
– Affords the opportunity to address complicated family relationships such as marriage, divorce, remarriage, life interest, trusts,
foreign spouses, property in multiple jurisdictions and lots more.
– Offers an opportunity to pass on your business to the next generation tax-free with the right planning.
– Allows you the opportunity to safeguard tax reliefs specific to certain types of property such as agricultural lands.
– Enables you to have a say in how your remains are dealt with.
– Affords you the opportunity to make provision for your pets.
– Opens the door to benefit charities, and many causes close to your heart.
A will can be written by anyone, but not everyone can write a tax-efficient will. This book enables you to bridge that gap. It uses real-life examples and drafts sample wills from beginning to end. It enables readers to appreciate how they may apply the facts and the draft wills to their own circumstances. Everyone’s situation is different. The guidance provided in this book is priceless as you consider your own circumstance and how you may write your own tax-efficient will.
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