Posts tagged “Estate Planning”

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Why you shouldn’t sell your house to your children

Posted on 31st May 2019

Selling your house to your children for less than it’s worth isn't helpful for tax or care fee planning.

Here are some of the reasons why.

You can now leave more to your children and grandchildren

Posted on 15th April 2019

We all want to leave something behind for our children and grandchildren.

Parents and grandparents can now leave property worth up to £950,000 to their direct descendants, free of inheritance tax (IHT), thanks to changes in the residence nil-rate band (RNRB), which came into effect on 6 April.

Planning for the future of your business

Posted on 11th October 2018

Whether you’re just starting your business or thinking about retirement, it’s well worth spending some time to plan what you would like to happen when you die.

What type of business do you have?

If you are a sole trader or you control all of the shares in your company, you don’t need to consult anyone else.

However, as a partner or a shareholder in a limited company, you will need to take your partnership or shareholders' agreement into account. If you want to make changes you will need to agree the new terms with the other people involved.ick on this text to edit it.

The Importance of Getting Your Affairs in Order

Posted on 23rd February 2018

We really are not very good at getting our affairs in order, we will think about it briefly and then shove to the back of our minds. We all know that it is important and that we should, but it often takes something to happen before we do anything about it, whether that is we have become ill ourselves, or something happens to a loved one or a close friend, and often it can then be too late.

Homeless Charity Set To Receive a Windfall.

Posted on 17th January 2018

Lady Lucan, The Dowager Countess of Lucan, was found dead at her home in Westminster last September, having had no contact with her children for many years, Lady Lucan has left the whole of her Estate to a homeless charity.

Government Planned Care Cap Will Not Happen

Posted on 13th December 2017

The 'Care Cap' that had previously been introduced into the Care Act 2014 by the Government which was then put on hold and planned to come into play in 2020 has been abandoned.

Rise In Winter Deaths

Posted on 26th November 2017

According to the Office for National Statistics, there is a steady rise in the number of deaths occurring during the winter months, with the majority of these being women and the elderly.

Some Light Hearted Trivia

Posted on 12th November 2017

Thought I would do a light heart-ed post for a change, Wills and Lasting Power of Attorney can be very deep and thought provoking, sometimes people even avoiding thinking about getting their affairs sorted purely as they refuse to think about the worst happening.

So here are some interesting facts and nonsense and simply unbelievable things to do with Wills throughout history:

Guardian For My Children Is Why I Made A Will

Posted on 11th November 2017

If you have children below the age of 18 years, then there are some very good reasons why you should make a Will.

any people with young children seem to think that it is not necessary to make a Will. 'We are Young ourselves' 'we don't own property' 'we have nothing'. To make your wishes known, if you have young children, then you should have a Will in place, stating who you you would want to care for and bring up your children should something happen to you.

Who Are Vulnerable Clients and What is Mental Capacity?

Posted on 29th October 2017

When we talk about a vulnerable person, we often associate this with the elderly, however this is not always the case, people can be classed as being vulnerable at all different ages, it is not just about age, it can be about abilities and emotions.

In the Will Writing & Estate Planning industry, every adult has a right to be able to make a Will or put in place a Lasting Power of Attorney. People often think that because a person may have some learning difficulties that they are not capable of putting a Will in place, until it is proven that a person does not have the capacity to do something, then you need to assume that they do have the capacity.