Drafting a will provides legal certainty for your family and friends. It also provides a legal status after you have passed for your intentions for your assets and personal possessions.
For the most part, drafting a will can be straightforward. However it can be more complicated than you realise, especially from a tax point of view in light of the reduction in inheritance tax thresholds since 2009. It is important that you consult a solicitor and tax consultant who can take you through the process and ensure your will is tax efficient which will ultimately benefit your family and friends.