Buy 2 Let - How to reduce your Inheritance tax (IHT) exposure
SETTLOR EXCLUDED ASSET PROTECTION TRUST (SEAPT) Purpose of a SEAPT –To gift a property which is not the Principal Place of Residence...
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Maplebrook Wills
Apr 282 min read
Landlord Planning
If you have a property portfolio of 4 or more properties, did you know it is possible to: Reduce the 40% Inheritance Tax rate to 0%....
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Maplebrook Wills
Jan 122 min read
Declaration of Trust
Is a legally binding document made at the time of buying a property. It records the financial arrangements of everyone who has an...
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Maplebrook Wills
Nov 22, 20233 min read
What Are the Disadvantages of a Deed of Variation?
When writing a will, a person will usually name at least one beneficiary. This is the person/entity that is legally designated to receive...
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Maplebrook Wills
Apr 28, 20232 min read
It’s a shocking statistic, but around 30 million adults in Britain have failed to prepare a will!
This can have serious consequences, especially if you’re a parent or own a property. Dying without a will, the law will simply run its...
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Maplebrook Wills
Mar 24, 20231 min read
Thinking of writing a Will? Then don’t forget about your pets
Unlike the US, in the UK your pet cannot inherit assets or money from you as pets are considered belongings. There are ways around this...
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Maplebrook Wills
Oct 16, 20224 min read
What is a beneficiary?
A beneficiary of a will is a person or charity who is due to receive a gift or share of an estate (money, property and possessions) when...
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Maplebrook Wills
Apr 17, 20221 min read
#Wills #LPA's
LPA ends the day someone dies. This means that if your loved one dies, and you were their attorney, you will instantly lose any legal...
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Maplebrook Wills
Apr 13, 20221 min read
#NationalSiblingsDay
Yesterday was #NationalSiblingsDay when you should celebrate your brother and sisters. However, sibling rivalry over inheritance can...
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Maplebrook Wills
Apr 13, 20221 min read
#nationalpetmonth
Unlike the US, in the UK your pet cannot inherit assets or money from you as pets are considered belongings. There are ways around this...
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Maplebrook Wills
Apr 3, 20221 min read
#Disabledpersontrust
What can you do if you want to leave assets to someone with a mental disability? You can set up a trust which where the settlor (i.e....
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Maplebrook Wills
Feb 9, 20222 min read
Estate Planning for couples with an Estate value less than £650k (2 x Nil Rate Band)
Most family homes are held as joint tenants meaning each person owns the property jointly. So a typical basic mirror Will leaves...
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Maplebrook Wills
Feb 5, 20222 min read
What is the difference between A Lasting Power Of Attorney & An Enduring Power Of Attorney?
Lasting Powers of Attorney (LPA’s) were created under the Mental Capacity Act 2005 and came into force on 1st October 2007. Prior to this...
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Maplebrook Wills
Feb 2, 20225 min read
Inheritance Tax and the Residence Nil Rate Band
What is inheritance tax? If your estate is worth more than £325.000 (Nil Rate Band for a single individual) or £650,000 (Nil Rate Band...
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Maplebrook Wills
Jan 24, 20222 min read
Estate Planning for couples with an Estate value greater than £650k (2 x Nil Rate Band)
Most family homes are held as joint tenants meaning each person owns the property jointly. So a typical basic mirror Will leaves...
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Maplebrook Wills
Jan 24, 20222 min read
HAVE YOU HEARD OF A LIFETIME TRUST?
A Lifetime Trust enables you to protect your property or assets whilst you are alive. Another name for these types of Trusts is an Asset...
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Maplebrook Wills
Jan 20, 20224 min read
Flexible Life Interest Trusts
(FLITs) are sometimes described as “the ideal modern family trust.” The reason for this is because it allows a person to benefit...
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Maplebrook Wills
Dec 20, 20212 min read
What is a Codicil?
When you prepare to leave your assets to your loved ones, you may encounter the word ‘codicil’, meaning an additional legal document that...
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