It’s often the last thing that anyone wants to think about, but securing your family and loved ones’ financial future by making a Will and putting in place long term planning to do what you can in order to deal with any Inheritance Tax liabilities in the most efficient way will help to ensure that the people you care about most are protected as best as possible, regardless of the circumstances.
Sounds daunting and costly? It needn’t be. Our trusted business partners are here to help change uncertainty into certainty and provide peace of mind, and are able to guide you through the process to ensure that all of your property and wealth planning requirements are taken care of, professionally and sensitively.
MAKING A WILL
There are many good reasons to make a Will; documenting your wishes formally is the only way to ensure that your savings and possessions (your estate) are distributed in the way you wish to the people and causes you care about.
POWERS OF ATTORNEY
Should you lose mental capacity, for example through illness or an accident, no family member has the legal right to make decisions on your behalf unless you have made a Lasting Power of Attorney.
Many people assume that only those with significant wealth can benefit from setting up a Trust, but that’s certainly not the case. For many, a Trust is a cost effective and legal way of protecting assets against the potential expense of care in later life.
INHERITANCE TAX PLANNING
Inheritance tax could cost your loved ones many thousands in the event of your death. Yet with efficient tax planning in place it’s possible to legally reduce the amount of inheritance tax they will pay, if not avoid it altogether.
Monica Bradley Associates Limited is an appointed representative of Mortgage Advice Bureau Limited
and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.
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