D U T TO N G R EG O RY | TA L K I N G B U S I N E S S
5 Ways To Protect Your Family’s Future At Any Age By Jeremy Tucker, Head of Private Client at Dutton Gregory Solicitors. 1. Make A Will
are here to help, guiding you through all the
executors. If there is no Will, the intestacy
By making a Will you are choosing to
options, to assist you to appoint someone
provisions set out who is entitled to the
protect your family in the future. You can
of your choice to look after your affairs.
estate. Our experts will safely guide you through the process, helping you avoid
choose who will; receive your assets on you death, become guardians of your children,
3. Save Tax - Estate/ Wealth Tax Planning
the pitfalls of being an executor, and alert
administer your estate and act as executor,
Where the value of a person’s estate
you to any tax planning opportunities
and possibly save tax for your loved ones.
exceeds the “nil rate” band (currently
that may arise.
Here at Dutton Gregory, we advise on the
£325,000) Inheritance Tax (‘IHT’) may be
key decisions to consider when making
payable at 40% on the excess. However,
5. Set Up A Trust
your Will, and how to reduce the likelihood
by careful arrangement of your affairs it is
Trusts can be a beneficial way to look after
of it being challenged on your death.
possible to save considerable amounts of
your assets for future generations, assist
tax. Our team are here to help you navigate
with tax planning, and protect of vulnerable
2. Choose a Lasting Power of Attorney
the various reliefs/exemptions available,
people including personal injury trusts. Get
If you were to lose your mental capacity
including the use of trusts.
in touch with our team to find out more on trusts, and protecting your family.
with no Lasting Power of Attorney (LPA) in place, your financial and property affairs
4. Avoid The Pitfalls of Estate
would be handled by a Deputy appointed
Administration
Call
by the Court of Protection, rather than
When a person dies, someone has to
contact@duttongregory.co.uk to speak
someone you would have chosen. This can
take charge of dealing with their estate.
to one of our legal experts, and protect
be a lengthy and expensive process, but we
If there is a Will, this will usually be the
your family in the future.
01202
315005
or
ARE YOUR AFFAIRS IN ORDER? We’re here to help put your mind at rest. Dutton Gregory Solicitors offer a complete range of services to support you and your family. • Wills • Inheritance Disputes • Estate/Wealth Tax Planning • Powers of Attorney and Court of Protection matters • Estate Administration • Trusts • Elderly & Vulnerable People Services
BOURNEMOUTH & POOLE 01202 315005
CHANDLER’S FORD 023 8022 1344 SOUTHAMPTON 023 8022 5821
93
LONDON 0203 036 0921 WINCHESTER 01962 844333
H O U S E- M AG .C O.U K