Supporting documents to help your journey

Find out more information about a range of private client services – from making a Will to LPA’s, in our useful documents section below.

Trusts

More people are considering establishing a trust, either in their lifetime by a trust deed, or in their Will. To find out the basic facts, click here.

There are many different types of trust and the suitability of each depends on your needs and circumstances. Find out more about the different types of trusts available here.

  • Bare trusts are known as ‘simple trusts’ as it is the most straightforward type of trust that you can create. Find out more here.
  • In some cases, trusts are used to protect those who are incapable of looking after their financial affairs.  For such individuals, a trust can be a way of ensuring they can maintain their quality of life while protecting their means-tested benefits. Find out more about the Disabled Persons Trust here.
  • A Discretionary Trust is a trust created either in your lifetime or by your Will.  They are sometimes referred to as pilot trusts or spousal bypass trusts. Find out more here.
  • A Life Interest Trust is used for preserving assets for the next generation whilst at the same time providing a benefit for the current generation. To find out more click here.
  • Before appointing or accepting the role of a trustee careful consideration should be given to what the position involves. The extent of a trustee’s duties and responsibilities depends on the type of trust established, find out more here.
  • If you are a trustee of a UK tax resident trust, FATCA is relevant to you. To find out more about FATCA click here.

Wills

A Will is a legal document setting out what you would like to happen to your assets after your death. To find out more why you should make a Will, click here.

When an individual dies without leaving a valid Will or has not disposed of his entire estate by Will, they are said to die intestate. Find out more about what happens if you die without making a Will here.

Many of us will be affected by physical or mental incapacity at some stage in our lives and having Lasting Powers of Attorney in place could make life much easier for both you and your loved ones. Find out more about Lasting Powers of Attorney here.

A Living Will is a statement detailing what medical treatment you would not like to receive should you lose mental capacity or the ability to communicate in the future. To find out more about the legally binding statement, click here.

A person or company named in a Will who carry out the wishes of the deceased and distribute the estate is known as an Executor or Administrator. Find out more about the responsibilities here.

When someone dies, there are many decisions to be made at a difficult time.  To help, we have put together a short checklist.

Tax

Business Relief (previously known as Business Property Relief) can, for inheritance tax purposes reduce the value of business property by 50% or 100%. Find out more here.

From 6 April 2012, it became possible to reduce the rate of inheritance tax from 40% to just 36% provided you leave 10% of your estate to charity. Find out more here.

Domicile is a complex concept of general law.  Broadly speaking, you are domiciled in the country where you have your permanent home.  Every person has one and only one at any given time. Find out more about Domicile and Inheritance Tax here.

The value of an individual’s estate may be subject to inheritance tax on their death.  There are a number of exemptions and reliefs available which may reduce the overall bill, find out more about this here.

Get in touch with us

Interested in finding out more? Use this form to let us know how to contact you and what you’d like to know, and we’ll get back to you.

Alternatively, contact anyone listed on our website direct, they will be happy to hear from you.

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