Our legal and probate specialists appreciate the importance of securing the future for you and those who are close to you.
Through a range of services, our team can help you to make plans to retain family wealth and transfer assets to the next generation whilst preparing for all possible eventualities and mitigating the potential impact of Inheritance Tax liabilities.
From distributing your assets in your Will to appointing a trusted individual to safeguard your financial and care needs through a Lasting Power of Attorney, our team can find the best solution for your personal circumstances.
Choose Duncan & Toplis as your trusted legal services partner.
Our legal team has the experience and expert knowledge of Will writing to help you either renew or draft your Will.
There are many aspects to consider when it comes to Wills. We can talk you through a range of scenarios that may occur and ensure all eventualities are covered, minimising complications for relatives and business associates following your death.
It is also important to take advice regarding your Inheritance Tax position as there could be ways to mitigate any potential impact on the beneficiaries with some careful tax planning.
Retaining family wealth and passing on assets to the next generation is a key consideration for many people, but it is not always easy as emotions and financial implications come into play.
We use extensive knowhow and experience of estate planning to help you put in place plans that will ensure your wishes are carried out and your Inheritance Tax liability is minimised.
A Lasting Power of Attorney (LPA) involves putting plans in place to safeguard your financial and care needs. LPAs come into play should you be unable to make decisions for yourself in the future due to physical or mental incapacity.
Business owners may also consider putting a separate document in place to cover what the arrangements will be for the business should it become necessary.
Our specialists can advise you on the LPA that is appropriate for you and your personal circumstances.
A Power of Attorney is a powerful legal document, but it can be revoked at any time, regardless of the termination date set out. The only requirement is that the donor has the mental capacity to do so.
In such circumstances where these powers need to be withdrawn, a Deed of Revocation of Trust, or Revocation of Power of Attorney, can be prepared to provide written confirmation that the donor has revoked these powers.
If you’re buying a house with someone, having a Deed of Trust is an essential legal document that helps you and the other party, or parties, know exactly where you stand if the property is sold or one party is bought out. This will ensure that everyone gets their fair share in case of any unexpected or unfortunate events.
It can be difficult to predict what might happen to you and your finances in the future, so a Deed of Trust provides clarity and certainty in otherwise confusing times. It can also help reduce potential disagreements as everyone’s financial investment will be accounted for, with a plan in place to set out what should happen.
Should I get a trust deed?
If you’re buying a property with someone else, it’s generally worth having a trust deed in place to formalise any arrangements or agreements you might have made regarding your investment.
Whether you choose to be joint tenants or tenants in common, a trust deed can be created to ensure that your investment is protected. This also applies to anyone who is buying a property with financial assistance from someone else.