Flackwoods Solicitors

Making a will at Flackwoods Solicitors ("Flackwoods") ensures that you make an informed and reasoned decision as to how to provide for your family and friends following your death. In the absence of a will, detailed rules on succession known as intestacy rules apply. These rules may be wholly inappropriate in your case.

We can advise you on Trusts that can help minimise liability to inheritance tax, protect individuals and business from financial worries and to avoid impacts on benefits as well as other uses. They can be set up either within a Will or during your lifetime. Whether you are a Trustee, a potential beneficiary of a Trust or you simply want to consider all your options for estate planning we have a specialist team of advisers to help you.

The death of someone you know is often very difficult. It can be made worse by the uncertainty involved in sorting out the financial affairs of the deceased. Executors have responsibilities to be exercised properly and beneficiaries have expectations to be managed sensitively.

The work needed will vary according to whether the deceased left a will or not and in either case family tax planning may be required to manage assets for existing beneficiaries and future generations so those assets are protected wherever possible.

The power continues even if you lose mental capacity to handle your own property or financial affairs. The LPA is different. You are able to appoint one or more persons to act on your behalf in relation to your personal welfare as well as your property and financial affairs. There are two LPA separate documents for this.

In this complex and ever-changing area of law, it is crucial to keep pace to ensure the effectiveness of planning structures. Our team specialises in the strategic use of wills and trusts for UK and offshore tax planning, asset protection and succession planning in family businesses. We advise clients on mitigating inheritance tax and capital gains tax as well as the available exemptions and reliefs.