Wills and Trusts
Make the most of the tax reliefs available and help ensure your assets go where you want them to go by using a carefully drafted Will. This can help plan for your IHT appropriately.
A Will is a legal document that sets your wishes regarding the distribution of your property (and the care of any minor children).
Failing to make a Will could see your assets divided according to intestacy rules, making a Will is critical in Inheritance Tax (IHT) planning and it is important to make sure it is well written and planned.
It is important to regularly review your Will to make sure it is kept relevant to your changing circumstances.
Powers of Attorney
A Will may protect the interests of your beneficiaries in the event of your death, but who will look after your interests if you are unable to take decisions for yourself?
A Lasting Power of Attorney can protect your interests by vesting authority in those you trust to make decisions on your behalf. Lasting Powers of Attorneys can be Welfare Attorneys, chosen to make decisions concerning your care if you are incapacitated, or Property and Affairs Attorneys, chosen to help you manage your financial affairs.
Trusts
A trust is a way of managing assets (money, investments, land or buildings) for people. There are different types of trusts and they are taxed differently.
Trust planning can help protect your assets for generations to come. The main reason we use trusts is to make assets more protected from third party threats such as a beneficiary's divorce.
Trust planning can provide significant tax planning opportunities, as well as protect your beneficiaries from a range of future risks to their finances.
We can advise on a broad range of trust planning, that can protect your needs and the needs of your beneficiaries.
The Financial Conduct Authority does not regulate inheritance tax and trust planning, Will writing and legal services.
Tax treatment is based on individual circumstances and may be subject to change in the future.