Wills, Trusts, Probate and Estate Planning
It can be difficult to think about estate planning and particularly to think about a time when you will not be around to help and protect your loved ones. It’s easy to put it off to another day. By ensuring that your affairs are in order, you can reduce the risk of additional stress on those closest to you at an already difficult time. You will receive expert and professional advice and perhaps peace of mind
A Will is a legal document which sets out who you want to inherit your estate and in what proportion. It also allows you to name who you want to be responsible for managing the administration of your estate. If you do not make a Will then the distribution of your estate is set out in law by what is known as the ‘Intestacy Rules’. These rules are rarely suitable to fully meet a person’s needs.
Trusts can be created during your lifetime or when you pass away by your Will. There are various reasons why people place assets in Trust and this may involve asset protection. However, Trusts are often used to look after family members in what can be increasingly complex modern family dynamics.
Inheritance Tax Planning
Inheritance Tax can become due when you make gifts in your lifetime or when you make gifts on death or through the application of the Intestacy Rules.
This is an ever changing area and we can offer you detailed Inheritance Tax advice.
It can be very difficult to deal with the practicalities of finalising a person’s estate whilst trying to come to terms with the loss of a loved one. We can guide you through this process.
We can help you with:-
We had never been in this position before ever but you explained everything to us in a way which we could understand so that we knew what was happening
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