Generational Inheritance Tax
Your children, grandchildren, and even your great-grandchildren may have to pay tax on money that you have already paid tax on. This is called Generational Inheritance Tax. It is a scheme that allows the government – if you don’t have protection – to tax your money for generation after generation; eroding the inheritance left with […]
My partner and I are not married, what happens if I die?
The short answer to this is that if you are not married or in a civil partnership, your partner will not automatically benefit from your estate unless they are specifically named in your Will. Many people are under the misconception that their partner will inherit as might a married couple if they do not have […]
A mistake in your existing Will can be costly – we can help you.
We recently evaluated a client’s Will and found an elementary mistake regarding the signing and witnessing of the Will that any Will writer, should quite frankly, be ashamed to make. The Client had listed the family members (beneficiaries) they wanted to benefit from the Will as normal, but then had one of the beneficiaries act as […]
Does your Lasting Power of Attorney (LPA) still meet your requirements?
Much like your Will, we recommend that you periodically ensure that your LPA will still do the job you want it to. Your LPA is registered by the Office of the Public Guardian, and there are procedures and processes that need to happen in order for you to make changes / revoke it if needed. […]
What is Estate Planning?
Virtually everyone knows what a Will is and the need to make one, but we do get asked the question “what is Estate Planning?” quite often. If you are not sure, hopefully, the following will answer. First of all, what is an “estate”? We all have an estate, granted some may be bigger and more […]