Contact Details : Rosie@BrixworthWills.co.uk or 01604 973373
Inheritance Tax is considered by many to be an unfair tax and the rules surrounding it are complicated, I can review your assets, advise on your likely inheritance tax liability and ensure that your Will is drafted in such a way to ensure that it is as tax efficient as possible.
Most people know that they need a Will, but in many ways a power of attorney is more important. A power of attorney is effective during your lifetime and protects you in the event that you are unable to manage your affairs in the future.
There are two types of Lasting Powers of Attorney (LPA) one deals with financial decisions and the other with decisions regarding health and welfare. Both are very important and for more details see my blog dated the 6th of October 2017.
Also known as Living Wills, they are a formal document which allows you to decide what treatment you would wish to receive or not receive in the future, in case you cannot make that decision at that time.
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Most people know that a Will sets out what happens to your assets after you pass away, but it can also do so much more.
I have many years experience in advising on the best ways of providing for vulnerable beneficiaries through your Will. It is important for everyone to make a Will but even more so when one of your loved ones is vulnerable, receiving a large inheritance outright can be damaging for a vulnerable person if not managed properly, please call me for a free initial discussion and ensure that the provision you leave does not cause more problems than it solves.
Trusts can be a useful tool. They separate control of an asset from the entitlement to use it, this can be useful to protect your assets both now and in the future. There are many different types of trusts and for more details see my blog dated the 7th of October 2017.