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  • Basic Wills from £125.00
    Basic Wills from £125.00
    Without a valid Last Will and Testament any assets you leave on death will be distributed according to the Rules of Intestacy. These rules lay down a rigid method of estate distribution and make no account of your wishes. Click the image to read more...
  • We realise that most people haven’t experienced probate before. Probate is the administration of a deceased’s Estate by the appointed “executors” in the Will, usually family members. At an already difficult and emotional time, the complexities of executing a Will and establishing any appropriate Trusts can be an arduous task. Click the image to the left to read more...
  • Inheritance Tax is simply a tax on money or possessions you leave behind when you pass on.It can also apply to some “gifts” you make during your lifetime. It is therefore vital that you receive professional Inheritance Tax Advice on your position to minimise the impact and tax paid should the worst happen, ensuring that your loved ones receive as much of your money as possible. Click the image to the left to read more...
  • Without a valid Last Will and Testament any assets you leave on death will be distributed according to the Rules of Intestacy. These rules lay down a rigid method of estate distribution and make no account of your wishes, unless you write a will. Click the image to the left to read more...
  • Lasting Powers of Attorney from £150
    Lasting Powers of Attorney from £150
    Often serious illness or accidents strike without warning. Last year, for example, approximately 130000 people suffered strokes. Without a Lasting Power of Attorney being available this is when it becomes difficult... Click the image to the left to read more...

Have you a Vulnerable Beneficiary?

By on September 5, 2019 in Latest News

It may happen that one or more of the beneficiaries of your Will can be classed as Vulnerable. This is usually someone who is registered as disabled (or would be if an adult) or is a minor who has lost their parents.It could be a person who has lost the ability to manage their own affairs.

If you wish to provide for them in some way or other after your death then a Vulnerable Beneficiary Trust Will can provide a protective shelter for your property and assets for this purpose

Such a trust in your Will can give someone an emergency fundfor when they need a little extra. It can protect the inheritance of the vulnerable person so that others do not take it from them. It creates a pot of assets that your chosen Trustees can use to support the vulnerable person, to ensure they have a good quality of life, and to provide luxuries that they may not otherwise receive.

Assets placed in such a Trust are not means tested for state benefits and also if your principal private residence is held in trust for the benefit of one of your descendants the new Residence Nil Rate Band can still be elected for inheritance tax purposes.

It is advisable to appoint up to four Trustees to be responsible to manage the Trust’s assets after your death and for making decisions regarding the needs of the vulnerable person.

You can see therefore the many advantages of introducing this form of Trust into your Will.

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