Planning your estate can involve many different aspects from basic Wills to Will Trusts and Lifetime Trusts. Modern families can have complicated dynamics and there is often a potential for conflict in the future if relationships break down or after the death of a client. Estate planning can also help to minimise tax liabilities or other expenses after your death. We provide proven solutions to protect inheritance for vulnerable beneficiaries, for example minors, those that are registered disabled, or those who may not be able to handle money well. These solutions can be alternatives to ‘lump sum’ inheritance and can also be used to provide support until your child comes of age. If someone in your family is in financial trouble then certain trusts or other devices can help to protect the assets of your estate.
Estate planning is not something that should only be considered by wealthy or retired people. No matter how substantial or modest your possessions and property may be, without proper planning one day there can be complications and high costs for your family and friends. Those with larger estates should obviously be especially sure that their assets are distributed according to their wishes in order to protect their wealth for future generations.
At Chris Lamb Will Writing Ltd we can work in partnership with your financial adviser or accountant to provide more complex solutions for larger estates or business assets.
By making a Will you decide exactly how your estate is distributed and plan for the needs of your individual circumstances. No matter how complicated or simple your Will may be, we will work closely with you, listening carefully to your needs and wishes, providing clear advice based on all of the information you give.
If you lose capacity either through an accident or illness such as a stroke or dementia, someone needs to act on your behalf to carry out your affairs. A Lasting Power of Attorney specifically deals with the appointment of one or more people to manage your affairs if you are unable to do so.
The Home Protection Plan is a strategy designed for homeowners, whether single or couples to put the home beyond the reach of any potential third party claims that may arise. The strategy involves the transfer of the home to a trust. Under the trust the owner becomes an interest in possession beneficiary giving a guaranteed right of residency.