by Richard Mawer | Apr 11, 2023 | Wills
According to a recent report from Quilter, 57% of people are still without a Will and other sources suggest this figure may in fact be slightly higher. Of those that do have a Will, 53% have not updated it in the last 5 years with a further 14% having never updated it...
by Richard Mawer | Apr 2, 2023 | Wills
Whilst Wills and Trusts do have a lot of overlap, there are also several differences between the two. Ultimately, both are ways to say who will receive a persons assets. They just do it in different ways, and each has its own advantages and disadvantages. A...
by Richard Mawer | Feb 22, 2023 | Wills
A survey carried out by Which? has revealed that, although most of the public understand what a Lasting Power of Attorney is, there is confusion as to how the documents operate. A Lasting Power of Attorney (LPA) is a document that allows a person, called the...
by Richard Mawer | Jan 10, 2023 | Wills
A nil rate band trust is a flexible trust contained within a Will that allows the testator to leave their available nil rate band into trust under the terms of the will. Prior to the Finance Act 2008, it was not possible to transfer the nil rate band allowance between...
by Richard Mawer | Nov 6, 2022 | Wills
A property protection trust is designed to help clients protect their share in a property in the future. Typically, when a couple owns a house together and one partner dies, their share passes to the surviving spouse or partner. Whilst this would appear practical,...
by Richard Mawer | Nov 6, 2022 | Wills
A Flexible Life Interest Trust (FLIT) in a Will offers greater peace of mind if there are significant assets or investments as well as property, and a wish to protect their value for future generations. A FLIT is often described as the ideal modern Will Trust, as it...
