Tax-efficient Wills Simplified

A practical guide to writing wills, with special focus on reducing the tax paid by beneficiaries. This comprehensive guide is packed with advice and examples which will provide an invaluable resource both to practitioners and to laymen.

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This is a practical guide to an area of considerable complexity, but of increasing importance both to professional financial advisers and to their clients - how to write a good and effective will which will ensure the maximum benefits to heirs and beneficiaries and the minimum benefit to HMRC. Primarily written for practitioners, this book will also help to demystify the process for lay readers. Packed with information and fully referenced to relevant current legislation and case history, the book will provide an invaluable reference for professional advisors and their clients. Areas covered include: * how to go about preparing and writing a will * how to set up trusts to minimise the tax burden on the estate * how to select and appoint executors, guardians and trustees * how the inheritance tax rules will be applied * gifts and chargeable transfers * traps to avoid which may compromise the effectiveness of the will.