It is sadly a common myth that when someone dies without making a Will, it does not matter as the next of kin will get it anyway.
If you fell ill tomorrow, how would your business carry on – and how could you be sure your interests would be represented?
A Life Interest Trust is a type of trust that lets you leave your money or property to someone for their lifetime (‘a life interest’) but ultimately to others when that person (the ‘life tenant’) dies.
What would you like to happen if, for example, you were terminally ill and in a coma at the end of your life? Would you rather doctors withheld treatment?
An LPA is a way of authorising someone to make decisions on your behalf, whether about your finances and property, your health and welfare, or both.
Failure to report a cash gift from his late father has landed a carpenter with an £87,000 penalty from HM Revenue and Customs.
Preparing Wills is just one aspect of what we do. We also provide a full service to Executors and we advise families in cases where their loved one left no Will.