Maplebrook WillsApr 171 min#Wills #LPA'sLPA ends the day someone dies. This means that if your loved one dies, and you were their attorney, you will instantly lose any legal...
Maplebrook WillsApr 131 min#NationalSiblingsDayYesterday was #NationalSiblingsDay when you should celebrate your brother and sisters. However, sibling rivalry over inheritance can...
Maplebrook WillsApr 131 min#nationalpetmonthUnlike the US, in the UK your pet cannot inherit assets or money from you as pets are considered belongings. There are ways around this...
Maplebrook WillsApr 31 min#DisabledpersontrustWhat 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....
Maplebrook WillsFeb 92 minEstate 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...
Maplebrook WillsFeb 52 minWhat 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...
Maplebrook WillsFeb 25 minInheritance Tax and the Residence Nil Rate BandWhat 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...
Maplebrook WillsJan 242 minEstate 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...
Maplebrook WillsJan 242 minHAVE 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...
Maplebrook WillsJan 204 minFlexible 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...
Maplebrook WillsDec 20, 20212 minWhat 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...
Maplebrook WillsDec 6, 20213 minInheritance tax planning and tax-free giftsCan I give money away to avoid inheritance tax? If your estate is worth more than £325,000 (or £650,000 for married couples and civil...
Maplebrook WillsNov 27, 20213 minTrusts & Estate PlanningGifts out of incomeIt is surprising that one of the most valuable exemptions from Inheritance Tax (IHT) is also one of the most underused. The normal...
Maplebrook WillsNov 19, 20213 minTrusts & Estate PlanningUnderstanding the Residence Nil Rate Band (RNRB)RNRB came into effect in April 2017 and could enable you to leave up to £1 million to your children free of Inheritance Tax (“IHT”)...
Maplebrook WillsOct 24, 20213 minWill WritingThe surprising truths about Wills... ...and why you should have one. A Will is a legal document in which you express your wishes as to how your money, property and assets are administered and distributed...
Maplebrook WillsOct 23, 20212 minFuneral PlansThe Rise and Rise of Funeral CostsWe regularly speak to people who are concerned about how they or their family are going to afford to pay the necessary funeral costs when...
Maplebrook WillsOct 22, 20213 minTrusts & Estate PlanningEstate Planning below £650kLegacy planning for: - Couples with total estate value below 2NRB (below £650,000). Basic mirror wills leave everything to the surviving...
Maplebrook WillsOct 22, 20213 minTrusts & Estate PlanningWhat is a Discretionary TrustA discretionary trust is a type of trust where the trustees are given complete discretion to pay or apply the income or capital of the...
Maplebrook WillsOct 22, 20212 minLasting Power of AttorneyWhat is dementia?Dementia is a syndrome (a group of related symptoms) associated with an ongoing decline of brain functioning. There are many different...