• Basic Wills from £150.00
    Basic Wills from £150.00
    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 £195
    Lasting Powers of Attorney from £195
    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...

No Change Budget

The recent Budget announced by The Chancellor contained no new changes to Inheritance Tax. It only confirmed that there would be no increases in the tax free allowance of £325k per person until after 2017.

This is a far cry from David Cameron’s original pledge when he took office that he intended to raise the allowance to £1m per person.

Once again then it is vital to plan your affairs by the use of a Will,the creation of a Trust and the granting of a Power of Attorney in order to take advantage of all the opportunities to reduce the potential liability to the tax.

A Will can be constructed so as not to leave everything direct to a spouse/partner which would only aggravate their liability to the tax. An Asset Protection Trust in a Will  with children as beneficiaries could solve such a problem

A Property Protection Trust in a Will can also prevent potential liabilities for the surviving partner.

A Power of Attorney is a very useful tool to enable loved ones access to the donors assets if the donor becomes unable to manage those assets themselves.

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