Creating a Trust
Our specialist trust and estate planning solicitors in North Devon have many years experience in establishing and administering trusts. A trust is a legal arrangement where one or more people or a company (the trustees) hold and administer assets (property, shares, money), which they must use for the benefit of one or more people (the beneficiaries).
Trusts can be created to help mitigate inheritance tax, income tax and capital gains tax. Our solicitors are experienced in creating Trusts that make adequate provision for a surviving spouse or civil partner whilst continuing to preserve assets and family wealth for the next generation. Trusts can be particularly useful where there are second marriages.
We work closely with Financial Advisers and Accountants to make sure that you receive the best legal, financial and tax advice available. The creation or general administration of a trust is complicated.
For advice on how a trust could work in your specific circumstances contact your local office in Barnstaple, Bideford, Braunton or Ilfracombe to make an appointment for a FREE no obligation initial discussion.
Lasting Power of Attorney
Everyone knows you should write a Will to make sure your loved ones are provided for when you die, but what happens if you are left mentally unable to make decisions because of accident or illness?
Although this is something that we do not like to think about, these difficulties can be overcome by the preparation of one document, a Lasting Power of Attorney.
You may already be familiar with the term “Power of Attorney”. In 2007 the law regarding Enduring Powers of Attorney as they were referred to, changed. You can now complete a legal document called a “Lasting Power of Attorney” which allows you to appoint someone you trust to act as your “Attorney” to make decisions on your behalf. Attorneys can make decisions for you when you no longer wish to make those decisions or when you lack capacity to do so. Appointing an Attorney is an important decision. The appointment can be to make decisions in respect of your Health and Welfare, your Financial Affairs or both. A Lasting Power of Attorney cannot be used until it is registered with the Office of the Public Guardian.
Our Solicitors will help you complete a Lasting Power of Attorney to ensure you are able to plan how your affairs will be looked after in the future. You can plan in advance: -
- Decisions you want made if you are unable to make those decisions
- The people you want to make those decisions for you
- How you want those people to make those decisions
Making the decision to complete a Lasting Power of Attorney is an important one. Our specialist solicitors are experienced in advising on all aspects of Lasting Powers of Attorney and the registration process contact your local office in Barnstaple, Bideford, Braunton or Ilfracombe for a FREE initial discussion with one of our legal experts.
BHR Family Protect
At Brewer Harding & Rowe we write approximately 1,500 Wills and many Lasting Powers of Attorney each year. Our experienced solicitors provide expert advice on all aspects of Will writing and elderly client advice.
We are happy to advise on all aspects of Wills and Lasting Powers of Attorney and will agree a fixed fee at the outset with you. If you combine the two, then our BHR Family Protect scheme will reduce the overall cost and perhaps more importantly, you know that you have taken the necessary steps to protect your family wealth for the next generation.
As an established North Devon based firm of solicitors, we are more than happy to provide a FREE initial discussion to help you protect your family wealth, including advice on:
- Inheritance tax
- Nursing homes fees advice
- Property transfer and co-ownership with other family members
- Lifetime gifts
- Creation of trusts
- Powers of Attorney and Court of Protection