Throughout the UK many people pass away without making a Will, without any inheritance planning or without suitable people appointed to deal with their estate after their death. This often leads to additional inheritance tax being paid, additional capital gains tax liabilities, and arguments within families which could otherwise be avoided.
The law is changing and the need for us to plan and effectively organise our estates is greater than ever before. This will have major consequences on how best to draft your Will and your Will will need to be kept up to date with the legislative changes which are taking place.
At a time when emotions run high, the uncertainty about your final wishes and the financial protection you want to leave to your loves ones is of major importance to those that you leave behind. Failure to plan in later life and failure to have suitable persons to deal with your estate can expose your loved ones to difficulty, adverse tax implications and loss to the estate.
Healys know the value of the personal service that we provide our clients. We have friendly, approachable staff and ensure our clients receive the best advice possible. Healys can help you to plan your estate comprehensively, with a full private client department which includes trusts and international wealth specialists, wills and probate specialists, family specialists and contentious probate specialists, all of whom work together to give you the best advice possible.
Our services include:
We also have a range of selected business contacts, including Independent Financial Advisors, Accountants and Wealth Managers to assist you.
If you would like further information on how we can help you call Christina Spencer on 01273 810 079 or email email@example.com
15th September 2017
In an age when we are living longer, but not necessarily healthier, nominating a trustworthy person to make decisions for us in the event of mental incapacity is sensible life planning. Continue reading »
19th May 2017
Depending on particular circumstances, they will generally not save the majority of those getting financial support for home care or residential care fees any money. Continue reading »
16th February 2015
A number of trusts, known as “relevant property trusts” holding assets within their trust funds escape a 40% IHT liability on the death of the estate planner, but for inheritance tax which is chargeable (during the estate planner’s lifetime and upon death) when assets enter the trust (entry charge at the lifetime rate of 20%), or are distributed to beneficiaries (exit/ proportionate charge) and also a time-based charge every ten years (the ten year anniversary/periodic charge) where no inheritance tax would otherwise be payable simply because distributions are deferred indefinitely. Continue reading »
2nd February 2015
Unlike the capital gains tax regimes applicable to most countries internationally which charge tax on gains made on properties sited within the relevant domestic jurisdiction which disposed of by their owners, the UK at present does not charge capital gains tax (CGT). Continue reading »
9th December 2014
Foreigners who are purchasing high value properties in the UK, particularly in London, are exposed in greater measure to inheritance tax, particularly if the properties have future growth potential. On a property valued at £2 million, the exposure to inheritance tax at 40% (even after taking account of the additional nil rate band, currently £325,000, of a pre-deceased spouse added to that of a surviving spouse), is currently £540,000. Continue reading »
21st March 2018
Healys are delighted to announce that they have been shortlisted to win “Mortgage Conveyancer of the Year” at The Mortgage Awards. Continue reading »
23rd February 2018
Members of Healys Lauren Fitzgerald and Jack Wingrove, taking part in the Brighton2Brussels Charity Cycle Ride in aid of the Mayor’s Charities will attempt a new record by cycling the first mile of their journey in the sky. Continue reading »
12th February 2018
In what could be the largest ever equal pay challenge in UK history, legal proceedings have begun against retail giant Tesco. Up to 200,000 shop floor staff could be affected by the claim, which has the potential to cost Tesco up to £20,000 per worker in back pay over at least 6 years. If successful, the final compensation bill could be as much as £4bn. Continue reading »
25th January 2018
David Bailey, Partner in the Dispute Resolution team, discusses the question in the Times Newspaper.
Mediation is generally a cost-effective alternative way to secure dispute resolution. These days, typically in commercial cases, parties arrive legally tooled up with a full set of solicitors, barristers and experts, much as they would for a trial, and act accordingly. Continue reading »
23rd January 2018