Wills, Trusts, Tax and Probate Solicitors in Plymouth
When it comes to planning for your future, there are plenty of things to consider. Who should be included in your Will? Do you need to set up a Trust? What can you do to mitigate tax? And how can you ensure your loved ones are provided for? This is where our specialist solicitors can help you.
Wills, Probate, and Estate Planning Solicitors in Plymouth
One of the things we are most proud of is that our clients are loyal to us - they trust us. To earn that trust we’ve taken time to get to know them, to understand their worries and concerns and to identify their priorities for the future. Because of this, we continue to maintain that trust on a long term basis.
Writing a Will
Our specialist solicitors will work closely with you to draft a watertight Will that ensures your wishes regarding your possessions, your money, and any property or investments that you might own, are carried out after you die. We’ll work with you closely to understand your personal situation. By doing so, we can ensure that your family and loved ones are looked after in the way that you wish.
Setting up a Trust
Trusts may seem complicated but can be extremely useful. Our team of experienced and specialist solicitors will help you by setting up and establishing Trusts that are most efficient for your personal circumstances. Deciding which trust is right for you can be a complex process, but we’ll spend time getting to know you, and we’ll keep things simple and easy to understand.
Family Protection Trusts
After the closure of several firms who previously advertised and sold Family Protection Trusts, many people are concerned about Trusts they may have put in place years ago. Unfortunately many clients who put these trusts in place as a way to avoid paying care fees or Inheritance Tax may find that their Trusts will not protect against care fees, and that the Family Protection Trust may have tax consequences.
We can provide you with tailored advice so you can understand if there are reporting obligations or tax liabilities outstanding, and help you understand your options.
Dealing with Probate
We know that if you’re an administrator or an executor of a will, it’s a pretty tough time for you. It's not easy dealing with your grief over a loved one, let alone having to make funeral arrangements and having to start the complex administrative duties of an executor all at the same time. This is where our team can really help you.
Personal tax planning
Our tax planning solicitors can advise you on all aspects of inheritance tax. This includes lifetime planning by making the most of your exemptions and planning for your wealth to be passed on in a tax-efficient way, whether that’s through lifetime gifts, creating trusts or tax-efficient Wills.
We can also review your circumstances to ensure that you are utilising all exemptions and allowances available to you.
Lasting Powers of Attorney (LPA)
Understanding your personal circumstances and that of those close to you is vital in order to create Lasting Powers of Attorney that will really work for you. Our experts will help you set up appropriate Lasting Powers of Attorney and give you guidance on the responsibilities and what it means for you, to appoint someone as your Attorney.
Inheritance disputes
The aftermath of losing a loved one is always an extremely difficult time. It’s fraught with emotion and stress. Occasionally, disputes over a Will arise, and whether you wish to raise a dispute or defend one, our experienced team can provide the professional advice, guidance and support that you need.
Asset Protection Trusts
With the closure of several firms that once sold Asset Protection Trusts, many people are now understandably worried about the Trusts they set up previously. Unfortunately, if you established these trusts to avoid care fees or Inheritance Tax, you might find they come with unexpected tax consequences, including penalties and interest.
At Nash and Co, we provide advice tailored to your specific trust documents and personal situation.
Glossary of Terms
Explore our comprehensive glossary dedicated to Wills, Trusts, and LPAs. Understanding the legal terminology surrounding estate planning is crucial to making informed decisions about your future and the protection of your assets. From "executor" to "intestate" and "lasting power of attorney," our glossary provides clear and concise explanations of these complex concepts.
Get in touch
Fill out the form below and let us know whether you would like us to call you, or email you. One of our Wills, Trusts, Tax, and Probate team will be in touch as soon as we can.
If your enquiry is urgent then please call us on 01752 827067.