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Most owners of land, businesses or other assets are concerned about how their families will cope when they are no longer around to manage these assets. This is a highly complex area and expert advice is vital. From financial and tax planning to the succession of your business or estate, our team will work closely with you and other professionals to provide tailor made solutions to protect your family's ownership. Our goal is to guide you through the labyrinth of legislation and alleviate your concerns through effective and timely planning.
Download our probate and administration of deceased persons’ estates costs
Traditionally there are many ways for schools to raise money for charity: bake sales, non-uniform days and throwing wet sponges at teachers.
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Koren explains how you can get the best type of will structure for your circumstances and the different elements you should think about before setting up a will.
Lifetime trusts are especially useful for estate planning. Lucy gives you an introduction to lifetime trusts and helps you consider whether this is appropriate for you by highlighting how they work, the different options, what the limits are, and what could be taxable.
Lucy explains what you will need to consider when preparing your Will or making lifetime gifts when you have assets overseas and the impact of your domicile.
One market source calls the firm "top drawer," before remarking: "They are top of the premier division in Nottingham, if you will excuse the analogy."
Sources note that "they will not let you down" and that the firm is "a stalwart of the Nottingham legal scene."
A very strong team with in-depth knowledge. As well as being technically strong, they have a pragmatic nature and seek to find solutions to problems rather than a list of reasons why not.
The team has an excellent balance of partners with an understanding of differing family dynamics and partners with the technical knowledge to provide solutions to issues.
HM Revenue & Customs has launched a compulsory online Trust Registration Service (TRS) for all trusts with UK tax liabilities and complex estates.
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A Lasting Power of Attorney (LPA) allows you to appoint someone (attorneys) to deal with your property and financial affairs and/or your health and welfare on your behalf.
HMRC's latest figures show inheritance tax generated £4.84bn of income for the treasury in 2016/17, an increase of nearly 4% from the previous year.
The new relief from inheritance tax, the "residence nil rate band" applies to deaths on or after 6 April 2017.
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