The High Court has provided some useful guidelines on what is required for a person’s statements to be legally classed as ‘deathbed gifts’ in inheritance cases. The court was asked to determine the proper distribution of the estate of a married couple. The wife died in January 2019 of cancer and the husband died of
Trusts can be created for a number of different reasons. They are commonly created in a Will and can also be created during a person’s lifetime. This may be for tax or other plnning purposes and we can advise on the options that are available to you in your circumstances.
Talk to one of our friendly and experienced team on 01582 514000
The rules can be complex and it is important to understand and seek advice as to the best type of Trust for you to establish.
We prepare the Trust documents and can assist with the ongoing administration of the Trust if required. We can also assist Trustees to ensure their role and duties are understood in the ongoing administration of a Trust.
Once established a Trust is under the control of Trustees who manage the Trust according to the Will or instructions when the Trust was established.
Common reasons for setting up a Trust will include:-
- Protecting against care fees in the future.
- Providing for children or partners from different relationships.
- As part of ongoing tax planning.
- Tax-efficient funding of private education for grandchildren.
Related Resources (View more resources)
Presentation slides from the webinar ‘Executors and Trustees – do you know what you are doing?’ which took place on Wednesday 7th April 2021
A Lasting Power of Attorney (LPA) is a legal document that lets you choose trusted people to act on your behalf and make decisions for you, if you are unable to do so yourself, due to mental or physical incapacity.
A Lasting Power of Attorney (LPA) is a document under which you can give authority to someone to make decisions on your behalf even after you have lost mental capacity. Read this helpful guide to understand the different types of LPAs.
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