Wills and Trusts
Trusts, Wills, Inheritance Tax and Probate
Think you're too young to plan your finances?
Think again! All too often setting up trusts, making a will and retirement planning is overlooked because it just seems irrelevant or too far off to worry about right now.
But planning your finances when you are young will help you maintain your standard of living in later years and can often reduce your future tax liability.
Specialists in setting up trusts
Setting up trusts will ensure that your beneficiaries avoid unnecessary inheritance tax and will receive your assets or funds in full. But setting up trusts is a complex process and with many different trusts available, specialist advice is recommended.
Ormerods Solicitors have a specialist team for setting up trusts, on hand to help you find the most appropriate trusts for your circumstances.
Specialists in Wills
Making a will is vital if you want to ensure that, upon your death, your assets are distributed according to your wishes.
Ormerods Solicitors have a specialist team to help you make a will, which is properly drafted and legal, to give you peace of mind that your wishes will be honoured and your assets will be distributed exactly as you have requested.
Specialists in inheritance tax
Seeking advice from specialists is essential if you want to limit your inheritance tax liability for your dependents and the beneficiaries of your will.
At Ormerods Solicitors we are specialists in financial planning and, in particular, inheritance tax planning. Our advice can be invaluable, for instance where perhaps you need specialist care, we can find the most effective means of finance, minimising the cost to you and your estate.
Ormerods Solicitors' service also extends to managing investments, bank and building society accounts and attending to household bills.
Ormerods Solicitors' specialist services include:
- Wills and Inheritance Act planning
- Executor services, estate administration and intestacy
- Creating and managing trusts
- Lifetime gifts
- Care for the elderly, dealing with the Local Authority, means test assessments, state benefits and moving to a nursing home
- Powers of Attorney, Court of Protection matters, where relatives are incapable of managing their finances
- Retirement planning
- Preserving, passing on and taking an income from the family business
- Protecting your assets, including your home
- Tax advice
- Provision for Trusts for children or grandchildren
- Deed of Variation
For further information, contact us by clicking here.