We offer a professional private client service which is comprehensive, competitive and accessible. Our services cover the drafting of Wills Trusts and Lasting Powers of Attorney and the administration of estates, trusts, the personal financial affairs of clients and all ancillary investment and asset protection measures. To promote access to our services, where a client needs a home visit one can generally be arranged at no extra charge.
The Budget 2009 contained the predicted increase in the inheritance tax zero percent threshold to £325,000 (often referred to as the ‘Nil Rate Band’).
Whereas discretionary trusts in Wills ( including those specifically designed to preserve the Nil Rate Band of the first spouse to die) are no longer required in every case to maximise inheritance tax savings, there are still many individual cases where such trusts remain a good option. Discretionary trusts are particularly useful where widowed clients have remarried or where clients have business or agricultural property, and these trusts still present some investment and asset protection advantages. Any remarried Widow or Widower who has not revised their Will since October 2007 should do so without delay. Other types of trust including trusts set up by lifetime deed rather than by Will, continue to be useful tools for protecting the inheritance you wish to leave your chosen beneficiaries from the impact of some tax and nursing home fees.
Protecting and building the capital value and income yield of investments is critical to individuals and trustees. The need for professional financial advice has never been more apparent with the collapse in value and income yield of even the most blue chip shares in sectors across the investment market and it will be important for those who have lost, and particularly those who have retreated to cash, to reinvest at the first sign of market recovery in order to maximise their prospects of recovering their investment losses. Those who remain fortunate enough to retain some assets that have significantly improved in value may see a market recovery as the end of an opportunity to appropriately restructure their investments as a whole with a view to reducing capital gains tax and achieving the best return on the rising market.
Although regulation precludes us from giving direct investment advice. In order to service our clients needs for investment advice we maintain a panel of independent financial advisors who have demonstrated to us or others we can trust, a proven track record and who have agreed to assist those clients we introduce to them. As part of their commitment to our clients, our panel advisors have all agreed to provide an introductory exploratory interview, free of charge or other client commitment to further engage their services.
Contact David Blackmore or Edward Monds for Probate matters or Edward Monds for Trust matters. Also contact Mike Shutler for Trust matter and Miss Bina Nanavati for all new Lasting Powers of Attorney.
We also have specialist expertise in dealing with the Administration of Estates where the deceased died domiciled abroad.
For specialist advice on this complex area contact Edward Monds.
Without a will then on your death your estate will go to persons decided by law. This is called dying intestate and the rules of intestacy will apply. This may not be what you really want to happen. Make a will, get it right.
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