Trust Types and Benefits A trust is needed when an asset cannot simply be handed over to the intended beneficiary. A trust is a formal arrangement where a settlor transfers an asset to the ownership of the trustees. The trustees can then manage those assets on behalf of the beneficiaries for a period of time specified in the trust. Parts…
What is Inheritance Tax (IHT) ? Inheritance Tax is the tax you pay in the UK on the estate (the property, money and possessions) of someone who has died. Inheritance Tax is complicated but in the most simplest of terms there is usually none to pay if, The estate is below the IHT threshold of £325,000 You leave everything above…
Why You Need An LPA Most types of estate planning protects your loved ones, your estate and assets after your death. LPAs or Lasting Powers of Attorney are the best way to protect you and your finances in your lifetime. Lasting Power of Attorney gives a person/s of your choice (the attorney) to make decisions on your behalf if you…
The Importance of Good Estate Planning Making a Will is an important step to ensure that your family is protected in the event of your death. Estate Planning has many benefits which will help protect your family financially in many ways. It’s important to ensure that your assets, money and property are protected now and for your family’s future, in…
The Importance of having a Will Did you know that 31 million people living in the UK have still not got a Will! Will writing is an important step to ensure that your family is protected in the event of your death. Having no Will or an invalid Will, can cause difficulties for your loved ones after your death. Your…
Buying property can be exciting and stressful at the best of times, whether buying your first home, remortgaging your current home to raise funds or buying a second property as a buy to let. Searching for that right opportunity in a sea of Banks and Building Societies all crying out for your investment, can be dumbfounding, time consuming and confusing,…
Before deciding what is the best call of action for your circumstances and your family, a few questions will need addressing: How much inheritance tax will your estate pay? What if you need long term care? How will your family pay for your funeral? What happens if you fall ill? Here at my Family Matters, we have a wide range…