Tax & Trusts

Tax & Trusts

Along with the importance of a Will, you may want to consider advice on lifetime tax planning to limit inheritance tax or capital gains tax.

Inheritance tax planning is important, whether your wealth is great or small. Knowing the bulk of your wealth is passed on to your loved ones, and minimise that going to the tax man.

You may consider making a Lasting Power of Attorney, whereby you can give someone, or a number of people who you trust, the ability to look after your affairs, should you fall ill, have an accident, or become mentally impaired. There are two to choose from, you can have one or both, these are Health and Welfare, which is a document where your chosen attorney can make sure your everyday living is catered for, along with medical care. The other is Property and Financial Affairs, this makes paying bills, collecting Pensions and benefits on your behalf and if it comes to it, selling your home.