Scroll down to read helpful articles on a wide range of estate planning topics, or use the search button to find answers to a specific query.
Do I need a foreign Will?
Best practice is to make a Will in each jurisdiction that you hold assets. Our jurisdiction is England and Wales. If you have property in Ireland, Spain, Cyprus, Mauritius (wishful thinking!) or other countries, you may need a separate Will there.
Can I leave £1m with no tax?
When Boris was still the Mayor of London in 2016, you’ll remember an announcement that the inheritance tax threshold would be increased to £1m. Here, we provide a simple explanation of the Residence Nil Rate Band (RNRB) and an interpretation of the key aspects of the legislation.
Do I need to register a Will trust?
The UK Government introduced the Trust Register to provide greater transparency around the ownership of Trust assets and individuals connected with trusts. We look at the new legal requirements and how they apply to trusts created by a Will.
What does tenants in common mean?
If you own your home as joint beneficial tenants your co-owner automatically takes your 'share' if you die before them. You cannot make a valid gift of your 'share' in your Will.
Should I write my own Will?
Using a stationery form to write your Will may seem like an inexpensive option. Our team regularly review handwritten Wills that contain minor (and major) errors that mean they are not valid or - worse still - don't have the effect that the Will maker intended.
Do business owners need Lasting Powers of Attorney?
One critical need often overlooked by directors is the impact of long-term illness or a serious accident. A Business Lasting Power of Attorney is essential if you’re a pragmatic realist, a planner, a forward thinker. We hope you never need to use it, just like your PI insurance and your critical illness cover.
Can bereavement counselling help me?
Counselling involves two people coming together to construct new perspectives and ways of understanding, which makes it a creative act in itself.
Is legal jargon necessary in a Will?
Understanding your legal documents is essential. In this blog we explain the key legal terms used in estate planning.
How often should I review my Will?
Reviewing your Will at key times in your life is crucial and any amendments are made promptly as your circumstances change.
Can I leave my cryptocurrency in my Will?
According to a 2020 study by the Cremation Institute, nearly 90 percent of all cryptocurrency owners are worried about what will happen to their crypto when they die but fail to make provision so it is not lost forever.
Lasting Power of Attorney and jointly owned property
Selling a property requires agreement from both owners. If your partner loses capacity, you cannot act for yourself and as your partner’s attorney in the same transaction. Here, we explain how this can be resolved.