Home visits to suit you
Home visits to suit you
Contact Wills in English for advice on any of the following and to find out, without obligation, how we can be of service.
Just give me a call for free Will advice over the phone.
30 minutes free Will advice at the start of every first meeting.
Free Will Check
I offer a free check of your current Will and advice on this in relation to your current circumstances.
I offer Free Talks for groups of up to 30 people. These will typically last about 30 minutes.
My standard Will service covers a wide range of requirements within an affordable cost.
I will advise on low cost and secure Will storage.
I will also advise on other cost implications (eg. Professional Executors or Trustees).
Many business owners grant 3 Lasting Powers of Attorney: one for Health and Welfare, another for personal finances and a third to enable their businesses to continue if/when they become incapacitated.
Financial considerations include Business Property relief from Inheritance Tax.
Lasting Powers of Attorney
Trusts (some examples)
Wills in English will advise on Trusts, for example if you have children under 18 years old, and will build appropriate instructions in your will as per your requirements.
A minimum of two Trustees are needed, to give good receipt
Accumulation and Maintenance Trusts:
Trusts arise out of Wills when either expressly stated or when beneficiaries cannot look after their own affairs. Beneficiaries typically at risk include young children. Minors for example can not give valid receipt for money. Trusts are required by law to protect the young; if missing a statutory trust will apply. These typically include bereaved minors trusts (inherit when they are 18 years old) and 18-25 trusts that delay inheritance at a reduced rate until that young person is 21 or 25 years old.Trusts that continue beyond 18 are subject to 6% tax every 10 years so a trust maturing at 21 pays 3/10 of 6% and at 25 pays 7/10 of 6%. Disabled persons discretionary trusts do not pay 10 year charges and may also benefit others in their family.
Property Protection Trusts:
Individuals may typically wish to protect property for their children or other members of their family while providing for their husband, wife or partner who would otherwise be homeless or financially compromised. Surviving Spouses may be given a life tenancy or a right to occupy depending on their circumstances . Children's inheritance may be so protected from predators as the survivor has a life tenancy rather than an absolute interest to pass on.These frequently quailify as Immediate Post Death Interest Trusts.
Occurs when one beneficiary has an immediate and absolute right to both capital and income
No 10 year or exit charges.
Nil Rate Band Discretionary Trusts:
These remain useful vehicles for unmarried couples to provide for one another as such couples do not benefit from a transferable nil rate band.
It is also useful for a group of beneficiaries who have varying needs and is especially appropriate when the surviving spouse has sufficient funds not to need to claim to be a dependant on the estate of the deceased.
Set up with a nominal deposit (Say £10) and full nil rate band (currently £325,000).
Exempt from 10 year charges.
Can set up a series of these but will incur fees. HMRC is likely to set a single IHT threshold which will effectively make these redundant.
Wills in English
Giving effect to your wishes
Edward Briscoe MPIW,
3 years post qualification experience
Level 2 certificate in Dementia Awareness
Wills in English, Bakery Lodge, Skirmett, RG9 6TD.
5 miles from M40 jn 5, Stokenchurch. I come to you unless you prefer otherwise.
Compliant with the IPW Code of Practice