Wills & Probate
Solicitors
The Wills Act 1837 provides some formalities which should be adhered to when writing a will and our solicitors will ensure that these requirements are met in order to avoid problems occurring later.
If you are considering making a will then you should first talk to our solicitors who will advise you on what will happen to your assets following your death. Tax implications can be significant and thus tax planning is important. For example, inheritance tax of 40% of your assets over the nil rate band, which currently stands at £325,000 you should talk to our solicitors who can advise you of the best way to hold your assets in consideration of your health, your family and who you wish to make gifts to.
Other considerations including the making of a ‘lifetime gift’; if you are in good health and unlikely to die within seven years you may decide to make a lifetime gift, which will be tax free if you survive seven years. Alternatively, you could set up trusts, own property jointly, or make gifts to charity, all of which will avoid payments of tax to some degree. It is important you take specialist advice on asset distribution before writing your will, please contact Blue Trinity Finance as it is likely to save your beneficiaries money and possible problems or disputes later.
Our approach is to deal with your case holistically, often your matter will impact legally on other parts of your life, with our multiple disciplines here at Blue Trinity we are certainly well placed to deal with many, if not all of you legal needs.
Our solicitors will also deal with the administration and probate of the estate after death. Please contact us for further information on this.