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, 2021
- 2 min
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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Maplebrook Wills
- Dec 6, 2021
- 3 min
Inheritance tax planning and tax-free gifts
Can 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...
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Maplebrook Wills
- Nov 27, 2021
- 3 min
Gifts out of income
It is surprising that one of the most valuable exemptions from Inheritance Tax (IHT) is also one of the most underused. The normal...
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Maplebrook Wills
- Nov 19, 2021
- 3 min
Understanding 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”)...
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Maplebrook Wills
- Oct 24, 2021
- 3 min
The surprising truths about Wills... ...and why you should have one.
What is a Will and why should you have one? A Will is a legal document in which you express your wishes as to how your money, property...
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Maplebrook Wills
- Oct 23, 2021
- 2 min
The Rise and Rise of Funeral Costs
We regularly speak to people who are concerned about how they or their family are going to afford to pay the necessary funeral costs when...
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Maplebrook Wills
- Oct 22, 2021
- 3 min
Estate Planning below £650k
Legacy planning for: - Couples with total estate value below 2NRB (below £650,000). Basic mirror wills leave everything to the surviving...
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Maplebrook Wills
- Oct 22, 2021
- 3 min
What is a Discretionary Trust
A discretionary trust is a type of trust where the trustees are given complete discretion to pay or apply the income or capital of the...
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Maplebrook Wills
- Oct 22, 2021
- 2 min
What is dementia?
Dementia is a syndrome (a group of related symptoms) associated with an ongoing decline of brain functioning. There are many different...
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Maplebrook Wills
- Oct 22, 2021
- 1 min
What is Probate?
Understand the process you'll need to go through when dealing with the estate of someone who has died. Technically, 'probate' refers to...
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Maplebrook Wills
- Oct 22, 2021
- 3 min
Why a Health & Welfare Lasting Power of Attorney?
What is an LPA A Lasting Power of Attorney (LPA) is a legal document which allows a person (otherwise known as the donor) to appoint...
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Maplebrook Wills
- Oct 22, 2021
- 3 min
Why a Property & Financial Lasting Power of Attorney
What is an LPA? A Lasting Power of Attorney (LPA) is a legal document which allows a person (otherwise known as the donor) to appoint...
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