The value of an estate can be eroded due to a person failing to properly prepare a will or structure their assets to suit their specific circumstances. It is prudent to obtain advice and plan how best to pass on your wealth, with the aim of minimizing the costs of administration, tax, and the potential for inheritance claims against the estate. Special provisions should also be made where beneficiaries may be minors or suffering legal incapacity, to ensure that their inheritance is properly managed.
