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This article was published on March 18th, 2014
Time can really fly and it’s unlikely that you’re in the same position now as you were five years ago. It’s important that your Will suits your current circumstances, so why not take advantage of our FREE Will review service?
The rules relating to inheritance tax are complex. Ensure that you understand whether inheritance tax will be an issue in your estate and if so, consider any steps that might be taken to mitigate the amount paid.
This is often overlooked in estate planning; however, it can be a very effective planning tool. It’s crucial to be aware of what your policy will pay out and to whom, as this may have tax implications for your estate.
We all know someone who can no longer manage their own affairs through either mental or physical incapacity. Making an LPA provides peace of mind by allowing you to choose who would take on this role for you should you be unable to manage this yourself.
Have you considered whether a trust could help to protect assets for your family? Maybe you are happily married and each have children from previous relationships, or perhaps you have a child with a disability. In these circumstances, trusts can be used to benefit you.
Contact Thorneycroft Solicitors today
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