What is a Classic Will? Our Classic Wills are the building block for all of our Wills and Trusts. A single Classic Will leaves the entire Estate to the children. It is the most basic of Wills and suits some…
What is a Business Property Relief Trust? A Business Property Relief Trust (BPR) deals with qualifying assets left in a Will, ring-fencing them from Inheritance Tax (IHT) and Capital Gains Tax (CGT). It is a Discretionary Trust (DT) that takes assets that qualify for BPR and…
The Mental Capacity Act 2005 How the Mental Capacity Act 2005 can adversely affect your business, and how simple forward planning can mitigate the threat The Legislation can be read here, however, only sections 2 and 3 are pertinent to this article. The Mental Capacity…
Business Continuity Wills An often overlooked aspect of a Business Continuity Plan is how a business owner’s Will can affect the surviving owners of a business. It is important to check that a limited company’s Articles of Association or a Partnership Agreement…
Can I protect my house from care home fees? Yes, you can by using a Trust to ring-fence your assets. Does the Government think you should use the equity in your home to pay for end-of-life or long-term care? Well, according to Thurrock MP and former social care…
What is a Deed of Trust, and who is it for? In the United Kingdom, a Deed of Trust, also known as a Declaration of Trust, is a legally binding document that states the division of property ownership. It is used by “Tenants in Common” who contributed various sums to…
What are the fees to register a Lasting Power of Attorney? Lasting Powers of Attorney are registered by the Office of the Public Guardian (OPG). OPG fees to register one LPA:If the donor (applicant) has an income of £12,000 or more per year, the fee is £82.00If the doner has…
What can go in a Letter of Wishes for Guardians? What can go in a Letter of Wishes for Guardians? A Letter of Wishes is an adjunct to the Will, and gives instructions to concerned parties: in this instance, Guardians. Firstly, it is important to know that you cannot…
What is a Donor? When arranging a Lasting Power of Attorney (LPA), the subject of the LPA donates their powers to the Attorneys and is known as the Donor.
What is a Settlor? When setting up a Trust, the person donating their property to the Trust is known as the Settlor.
What is a Testator? The Testator is the name given to the man making a Will. Please note: we do not use these archaic terms in our Wills. We prefer plain English.
