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These trusts are also advisable with disabled beneficiaries. Unmarried couples can also benefit from considerable inheritance tax savings if they use this type of trust.

Others

A Living Will allows you to specify your wishes with regards to medical treatment should you lose capacity, in particular with regards to refusing life sustaining treatment. While this document does not have to be followed by the doctor, a Health and Welfare Lasting Power of Attorney that specifically deals with your wishes regarding healthcare and treatment is binding.

Some Basic Facts about Wills

Assets That Pass Under Your Will