A Will needs to be correctly drafted and regularly reviewed. The importance of this is two-fold.Firstly, it ensures that assets pass exactly as intended. If there is no Will, then statutory provisions, commonly known as the Intestacy Rules, will apply. This may result in assets being passed to unintended beneficiaries. Conversely, intended beneficiaries may not inherit – unmarried couples are especially vulnerable. Additionally, children would be entitled to inherit at age 18 years, often considered too young by many parents.
The Financial Conduct Authority (FCA) does not regulate taxation & trust advice, Will writing, Powers of Attorney, National Savings Products, deposit accounts, and some aspects of buy to let mortgages.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.