Financial Times FT.com

Lawyers urge clients to review wills

By Robert Budden,Personal Finance Editor

Published: April 1 2006 03:00 | Last updated: April 1 2006 03:00

More than a million people are being contacted by their lawyers and trust practitioners to review their wills following changes to the taxation of trusts announced in last month's Budget.

A survey of members of the Society of Trusts and Estate Planners, the professional body for the trust and estate profession which includes leading law and accountancy practices, found that the vast majority of advisers are recommending their clients re-write their wills to avoid new punitive tax charges.

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