Estate Planning and Bloodline Protection
In our experience, a major concern for many older people is ensuring their estate is properly structured. This usually means creating or updating a will to ensure assets are passed on to the beneficiaries they choose. Another important factor to consider for many people is Inheritance Tax. With house prices now far higher than a generation ago, many more people are finding their estate could be liable to tax. With careful planning, many people can significantly reduce or even eliminate the Inheritance Tax payable on their estate meaning their beneficiaries can receive more.
Nowadays, many people also use a ‘Power of Attorney’ to ensure their financial affairs can be managed by those they trust when they no longer have the mental capacity themselves. We help our clients when the time comes to create a ‘Power of Attorney’*, helping them through both the procedural and emotional aspects of this.
*Will writing, power of attorney and trust services are offered by carefully selected legal partners who have gone through rigorous due diligence for their expertise and reputation.