In recent years having an up-to-date Will has become essential for anyone keen to safeguard the interests of their family, dependents or indeed friends. It is not simply a requirement for the wealthy or the elderly.
Inheritance Tax now has a potential impact on a large number of estates, due primarily to appreciation in property values. Did you know that Inheritance Tax is currently chargeable on estates valued over £325,000 (as of the 2009-2010 tax year)?
We can advise you on different ways of seeking to diminish the impact of Inheritance Tax and thereby preserve your hard-earned inheritance for your loved ones.
We can also provide advice on care for the elderly, to include the impact of residential care, Powers of Attorney, which allow you to give authority to another person to act on your behalf in connection with your financial affairs and many other related issues.
At the beginning of October 2007 a change to the law came into effect concerning Powers of Attorney. 'Enduring Powers of Attorney' have been replaced by 'Lasting Powers of Attorney'. These come in two parts, the first deals with matters in relation to health and the second deals with issues such as property and other affairs. We can advise you as to the implications of these changes and their impact upon you and your family.
We can also provide specialist advice relating to contesting Wills and making claims against Estates for financial provision, in the event that you suffer a loss and inadequate provision is made for you or those close to you. It is in such instances vital to take prompt advice, as there are strict time limits in taking action to protect your position.
Please feel free to contact Paul Lawrence by e-mail at paul.lawrence@headleys.com or by telephone at our offices, the details of which can be found via the 'Contact Us' tab at the top of this page.
