Wills & Estates

Wills

Every person should have a Will. Do you?

If not or if you wish to review your existing Will we will be pleased to assist. A Will must be in writing. It must be signed by the Testator in the presence of two persons who in the Testator’s presence must attest their names as witnesses.

A witness should not be a beneficiary or potential beneficiary for by doing so he or she will not invalidate the Will BUT they will disinherit themselves. Will making is an area of expertise in which we (both our professional and support staff) specialise.

We will put you at your ease and take you through the requirements of making an effective Will in accordance with your instructions.

Remember if you do not make a Will you will die intestate, that is to say the Government will divide your assets amongst your next of kin by formula whether you like it or not. It may also impose a sharing between your spouse and your children which may disadvantage your spouse.

So please act today and call us to arrange an appointment to settle or review your Will. Please contact Jonathan Hool who is a member of the Society of Estate and Trust Practitioners for your initial consultation.

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Administration of Estates

On death whether or not there is a Will in place an individual’s assets will be frozen and will require to be administered by another person whose warrant will be a grant by the Courts in their name.

Where there is a Will the Grant is known as a Grant of Probate.

Where there is no Will the Grant is known as Grant of Letters of Administration.

Before a Grant may be obtained an amount of the assets and liabilities of the deceased must be filed with HMRC and any Inheritance Tax due paid.

We specialise in the Administration of Estates. Our team has the expertise and know how to handle both the personal, legal and administration aspects of administration of estates with aplomb.

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Inheritance Tax

Each citizen of the United Kingdom currently has an Inheritance Tax free allowance of £325,000 to which may be added that of his or her spouse (to the extent it was unused on the first death) and since 6 April 2017 an additional £100,000.00 in relation to your home provided your assets do not exceed £2,000,000.00.

If your assets will give rise to an Inheritance Tax liability on your demise please consult us. We have  extensive experience in assisting clients to mitigate Inheritance Tax.

For most of you, that means starting your Inheritance Tax planning now to ensure all aspects are factored in and considered to provide the appropriate planning for you and your family going forward.

Whilst spouses do not pay Inheritance Tax on gifts from each other  your family will be acutely aware of the implications of them.

We provide accurate, practical and effective Inheritance Tax Planning often in conjunction with Financial Services providers, Stockbrokers and Accountants.

Please contact Jonathan Hool who is a member of the Society of Estate and Trust Practitioners for your initial consultation.

Send an enquiry

Trusts and Wealth Preservation

If you wish to preserve your wealth for the future generations of your family, Trusts are the vehicle by which your objectives can be achieved by the use of Trusts.

Trusts allow you to plan for the future whilst exerting control over the assets you nominate, how they may be used and potentially to mitigate Inheritance Tax. Trusts may be settled in your lifetime and/or as part of your Will.

Typically Trusts are settled by deed which identifies the assets (be they real property, stocks and shares, other investments and cash) or classes of assets put or to be put under trust, who is to hold and manage them (Trustees) and also who is to benefit from the income and capital they can generate.

We can assist you in all aspects of Trusts law and practice. Currently many clients for whom their family home is their principal asset are actively considering the use of trusts to preserve the home for the next generation. Please contact Jonathan Hool who is a member of the Society of Estate and Trust Practitioners for your initial consultation.

Send an enquiry

Asset Protection

Currently many clients for whom their family home is their principal asset are actively considering how best to preserve their home for the next generation. Please contact Jonathan Hool for your initial consultation.

Many clients are highly aware of the importance not only of making Wills but also taking appropriate steps during their lifetime to protect their assets for the benefit of their families. Typically this can involve the family home which can by forward planning be passed on to or into trust for your family.

Assets can be shared between husband and wife and adult children. Assets can be ‘ringfenced’ if borrowings are required to be supported by bank mortgages. We can help you plan ahead and structure your assets to provide the best possible opportunities to protect and preserve your assets through the whole of your life in support of your Will.

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