A combination of rising house prices hampering first time buyers plus the threat or fear of care home fees has seen many parents transfer their main residence to their children or contemplating the act. Prima facie, this may seem a…
How to pass on wealth to the next generation. There are many ways to reduce or eliminate the inheritance tax payable on your estate without using trusts. But for some, especially if you are very wealthy, they may not be enough….
Following someone’s death, their personal representative will wind up the estate and then prepare estate accounts. These accounts will include details of all the assets and liabilities in the estate. When you make a Will, you will appoint someone to…
When something is given away, but the person making the gift still retains the use of it, it is known as a gift with reservation of benefit (GROB). A GROB commonly occurs when parents give their property to their children…
Your Lasting Power of Attorney (LPA) is an important document. It gives your chosen attorney the power to deal with your affairs on your behalf, should you lose the capacity to do so yourself. But is it a good idea…
Astonishingly, 55% of UK adults do not have a Will. This means that over half of the population has not safeguarded their future wishes. Without a Will, you will not have a choice about what happens to your estate when…
A Lasting Power of Attorney or LPA is one of the best ways to protect yourself and your wishes should you become unable to make financial or health decisions for yourself. But, all too often people fail to make an…
If you have a child with a disability, planning for their future is vital. While it is understandably difficult to imagine a time when you won’t be around to care for your child, you will want to ensure that they…
Having a Will in place is essential if you want to have the final say in what happens to your business and personal assets after you die. If you die without a Will, everything you own – including business and…
There has been much focus on Lasting Power of Attorney (LPAs) recently, especially as they are important for those who have lost capacity and require people they trust to manage their affairs. There has been less talk about LPAs for…