Phizackerley and your will?

It is important to review your will every few years to determine whether it needs to be updated in light of changes to the law or changes to your personal circumstances. For example you might wish to update your will following a change in marital circumstances or after the birth of children or grandchildren.

Recently, an important case (the Phizackerley case) has been reported in relation to tax planning wills which may affect the arrangements that you have in place if you have a tax planning will that includes a nil-rate band discretionary trust.

It is by no means the case that this type of will is ineffective, but it is advisable to arrange a meeting with your solicitor to review your circumstances, in case any changes are necessary.

For further information contact Peter Harris on 01785 211411 or Shani Carr on 01889 583871.

This article is for the purpose of general awareness only and the law may have changed since it was originally published.  It does not constitute legal or professional advice and readers should not act on the basis of the information included.  Readers should take appropriate advice upon their own particular circumstances.