Gifting can sometimes be an effective way to reduce your future potential Inheritance Tax (IHT) liability after your lifetime. However, you only need to consider this if there would be a potential IHT liability after your death OR you have other genuine reasons to make gifts to other people. Will there be an Inheritance Tax …
Ignore Lasting Power of Attorney at yours and your Family’s Peril
What is Lasting Power of Attorney (LPA)? Power of Attorney, or Lasting Power of Attorney (LPA) as it is better known, is an official safety net whereby you can officially nominate, in advance, your choice of a person or people who may legally act upon your behalf either if you subsequently cease to be capable …
Ignore Lasting Power of Attorney at yours and your Family’s PerilRead More
Lasting Power of Attorney (LPA) – Act Before it is Too Late
If a person fails to arrange Lasting Power of Attorney (LPA) before they lose their mental capacity, they are then ensuring that a close family member, friend and/or business partner of theirs has no choice but to apply to a court for retrospective limited permission to make decisions upon their behalf. This is expensive and …
Lasting Power of Attorney (LPA) – Act Before it is Too LateRead More
TRF Wills and the Society of Will Writers
All consultants representing TRF Wills are members of the Society of Will Writers (SWW). The Society of Will Writers was founded in 1994 and has been protecting and serving the interests of the public for over 28 years. With close to 1,800 members, the Society of Will Writers and its members continually strive to promote …
From when does a Will Speak?
The construction of a Will can alter the date from which it “speaks”. This is an important factor in interpreting the Will, as a small change in its wording can change the way gifts apply. Therefore, it is important to understand how the ordinary rules affect the date from when does a Will Speak. The …
General Power of Attorney
So how does a General Power of Attorney help? Well in the wake of the Coronavirus pandemic, many people are understandably motivated to have documents that allow someone else to make decisions on their behalf, as well as manage their financial affairs. Vulnerable people would be well-advised to officially have another person or people able …
TRF Wills (TRF) was created by Michael Cotterill in 2005. He is a member of the Society of Will Writers and registered with the Information Commissioner’s Office.