Do you have an up to date will? Have you considered tax planning to minimise the burden of inheritance tax on your children? Have you appointed guardians for your children? Have you considered how you would fund long-term residential care?
It is so important for everyone in a family to ensure that wills and lifetime planning are all complete. Most of us will sort out life insurance, but sometimes we are ‘meaning-to-get-around-to’ the other forms of planning for too long.
Making a Will ensures that your wishes are carried out after your death, to make adequate provision for your family, appoint guardians for your children, plan legacies, indicate funeral preferences and minimise any tax liabilities.
But lifetime planning goes far beyond setting up a will. Other areas include:
Preparing and administering lasting powers of attorney [should you become unable to make your own decisions], setting up and administering trusts, dealing with residential care fees and of course inheritance and other tax issues.
Lifetime planning can also include providing for children or other dependents with disabilities. This area always needs very careful thought, for example, how should appropriate arrangements for their future care be set-up?
Our friendly and caring approach, coupled with wide-ranging knowledge and experience, is available to give you peace of mind over all of these potentially complex arrangements.
Please contact us to arrange an initial discussion. 0121 270 2708
Wills & Lifetime Planning
Do you have an up to date will? Have you considered tax planning to minimise the burden of inheritance tax on your children? Have you appointed guardians for your children? Have you considered how you would fund long-term residential care?
It is so important for everyone in a family to ensure that wills and lifetime planning are all complete. Most of us will sort out life insurance, but sometimes we are ‘meaning-to-get-around-to’ the other forms of planning for too long.
Making a Will ensures that your wishes are carried out after your death, to make adequate provision for your family, appoint guardians for your children, plan legacies, indicate funeral preferences and minimise any tax liabilities.
But lifetime planning goes far beyond setting up a will. Other areas include:
Preparing and administering lasting powers of attorney [should you become unable to make your own decisions], setting up and administering trusts, dealing with residential care fees and of course inheritance and other tax issues.
Lifetime planning can also include providing for children or other dependents with disabilities. This area always needs very careful thought, for example, how should appropriate arrangements for their future care be set-up?
Our friendly and caring approach, coupled with wide-ranging knowledge and experience, is available to give you peace of mind over all of these potentially complex arrangements.
Please contact us to arrange an initial discussion. 0121 270 2708