Preparation of Wills
Making a Will is a major piece of planning for your family’s future. It should not be undertaken lightly.
The way your Will is prepared is extremely important. Mistakes can cause family turmoil and, at worst, expensive legal disputes. It’s an important document which should only be prepared by a specialist solicitor qualified in this area of law.
Leaving behind a valid Will means that you can decide how your estate is distributed after your death. It allows you to appoint someone you trust to administer your estate and even to look after your underage children.
Wills are also very useful documents that can help you plan for Tax and Care Home Fees.
They can be used to create long-term trusts for vulnerable family members. As a result, they can save your dependants considerable amounts of money.
Creation and Administration of Family Trusts
Trusts to benefit family members can be created while you’re still alive. These can be used for a variety of purposes.
They can, for instance, be formed for the purposes of Inheritance Tax Planning, holding over the payment of Capital Gains Tax and/or for the purpose of holding assets for vulnerable or underage beneficiaries.
Our team is experienced in both the creation of such lifetime trusts and their ongoing management, either as Trustees or on behalf of family Trustees.
Making provision for the impact of future Care Home Fees
Many people worry that if they have to go to a Care Home for the later part of their lives, there will be serious, adverse consequences on what can be passed down to the next generation.
We can offer practical advice, which may help people to plan for this eventuality.
