So what is a Trust? There are 2 main types of Trust. A Trust can be created either during your lifetime or upon your death. Examples of when a LIFETIME TRUST would be appropriate:You wish to remove asset value from your estate to avoid Inheritance Tax (IHT); and/or You would like to make a gift to someone …
The Benefits of Using a Professional “Will Writer”
So what are the benefits of using a professional will writer? Some people understandably believe that they will get a superior product and service if they use a solicitor rather than a professional Will Writer. However, a Will is either legally valid or it is not, whether it is provided by a solicitor or a …
Deceased Estate Values
Receiving an inheritance from a deceased person’s estate can be a bittersweet experience at the best of times. Although you may have received a windfall, you have probably lost someone very dear to you. Many people are unaware that we have up to 6 months to pay any Inheritance Tax (IHT) due, and up to …
Trusts – A Little Knowledge is Dangerous
Beware the curse of advice casually provided by a self-taught “expert” at a bus stop, in the pub or over the garden fence. A few years ago, I advised married clients to incorporate protective “Trusts” in their Wills. The purpose being that in the event of the first death, the survivor would benefit fully from …