Why we do family protective trusts
When a loved one passes, it is extremely stressful and emotional for the whole family, yet critical decisions must be made at this most difficult time. Dealing with Inheritance Tax issues, transferring assets, creditors and winding up an estate, can be a long and complex legal process.
Your estate may well have an Inheritance Tax liability. The survivor, on first death, will need to have advice on how to set up the inherited estate for optimum tax efficiency.
We help your children, beneficiaries, Trustees and Executors as well as any claims against the estate.
What we do
We can help you navigate trusts, income and administering your affiairs (probate). We can also help you reduce your inheritance tax liability through different means that suit you.
Our comprehensive support package assists you and your children when a member of your family passes. We call this the ‘PEACE OF MIND PACKAGE’.
This can be a daunting process which involves dealing with all the assets and liabilities. This usually involves Inheritance tax, which can be complex. When you organise your affairs with us, we will help everyone concerned in your family. This can reduce any conflict that may be created by a death.
As well as arranging the funeral, getting the probate grant from the court, changing ownerships, selling property and getting money to expectant beneficiaries.At this difficult time, you need to make critical decisions regarding your taxes. Assets can be frozen by the court, so getting legal probate quickly – really matters – especially if there is a family business involved.
The results you can expect
INHERITANCE TAX ADVICE. As laws change, we provide ongoing advice and will alert you of any necessary changes. We will advise you on first passing of changes you need to make to ensure Inheritance Tax efficiency is achieved.
FREE LIFETIME STORAGE OF WILLS. No tampering, damage or loss. I will oversee the correct signing of your will, register it and store it for life.
SUPPORT AND ADVICE. The Probate Manager will hold your hand through the estate finalisation process. This is especially helpful on first passing for the survivor, who may not be confident in these skills and will be mourning a loss.
SUPPORT AND ADVICE ON NRB AND RNRB TAXES for you on first passing and also second passing for your TRUSTEES/EXECUTORS. On first passing, tax decisions need to be made in preparation for the second passing, for children.
FREE HOME VISIT when your loved one passes away. We will send our Personal Estate Manager, who will go through the complete action list with you.
PROFESSIONAL ADMINISTRATION OF YOUR ESTATE. Kings Court Trust are the second largest dedicated probate specialist in the UK. This includes a ‘Deed of Variation’, if it is needed.
PAY TAX ON DEMAND. Personal Executors may have to pay taxes up front prior to probate. We can, if required, do everything for your Executors.
FREE LIFETIME STORAGE OF LPA’S AND KEY PAPERS (eg., a live Trust)
Wills are registered with The National Will Register, Certainty. (Courts have to check this private national register). This guarantees that the correct will is found promptly. (Executors have to pay if the wrong will is accidently used). This guarantees access for Executors.
Who we do it for
We offer this to all of our clients.
What to do now
We would love to help you so please call Sarah on 020 3858 0307 to book your free phone consultation or to arrange for Jeff Meers to visit you at your home or if you prefer at our office by Victoria station.
Our other services
Our other services include: