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A Will is only effective upon your death so the only tax you can mitigate, is your estate’s Inheritance Tax Liability. Depending on who you leave part or all of your estate to, there are exemptions and reliefs available to you. Any gift given to your spouse will be Inheritance Tax exempt Any gift given…
You can appoint anyone you wish to be an Executor of your Will and you may feel that your family or close friends can carry this task out easily when you’ve gone, however complex your estate may be. It is important that the Executor you appoint, understands the duties they need to undertake and how…
A Lasting Power of Attorney is a document that a person can prepare to provide specific people with the authority to make decisions on your behalf, should they lose the necessary mental capacity to make those decisions themselves. A Donor (the person creating the Lasting Power of Attorney) will appoint the people they choose to…
Should you have any beneficiaries who are vulnerable or you would rather not receive their share of your estate as one lump sum, or not immediately after your death, then a Discretionary Will Trust may be the best estate planning document for you. You are able to express your wishes in such a way that…
A Will Trust is a Last Will and Testament which has a Trust built into it, it is therefore a much enhanced form of Will that offers greater protection and benefits than a standard Will. There are different types of Will Trust and the ones offered by ourselves are currently:- Protective Will Property Trusts Discretionary…