Collective Legal Solutions has it’s own inhouse Chartered Tax Advisor. In certain situations it is essential to provide top class advice in order to reduce taxation and other liabilities to a minimum. A typical example is where a widow or widower owns their sole residence and is worried as to what would happen to the property if they had to be taken into care. The answer would be the formation of a Lifetime Trust to protect their continued use of the property and to secure it for the benefit of the ultimate beneficiaries. This ensures that the family will benefit whatever happens tothe surviving spouse.
If you are at all concerned over your position then contact us now for help and advice!