A will can be used not only to make sure that an individual’s Estate is distributed to their chosen beneficiaries in accordance with their wishes, it can also be used with appropriate Trusts to provide planning opportunities for protection and tax savings such as:
- Disabled Children
- Poor judgement by beneficiaries i.e. inexperience with money, drugs, conmen
- Care fees
- Inheritance Tax, Income Tax and Capital Gains Tax
- Maximising Business Property Relief
- Tax efficient use of Death in Service lump sum from Pension schemes
Guardians can be appointed to look after minor children (under the age of 18) in a Will in the event of death.
If there is no Will at the time of Death then the Law of Intestacy shall decide how the deceased person’s estate is to be distributed. The Estate of a deceased person will go to the Treasury after 30 years if no blood heir can be found.
For an initial discussion or to arrange a no obligation home visit, please submit your details on the Contact us page
Or Call Brajinder Daved of Olympian Estate Planning Solutions on 01582 417027