Preparation of a Will to include a Discretionary Trust of Property to maximise Agricultural Relief from Inheritance Tax.
Preparing Applications to the Court of Protection for a Deputyship Order for a person who had lost capacity, together with a supporting application for a Trustee Order to appoint Trustees of a Life Interest Trust created under the incapacitated person’s late spouse’s Will from 1985; also advising the family in relation to a claim by the Local Authority who were pursuing the incapacitated persons’ property for payment of care fees.
Acting on the administration of a complex Estate including submission of a claim of the reduced Inheritance Tax rate due to charitable legacies, subsequent Application for a refund of Inheritance Tax due to loss on the sale of land, and arranging payment for 28 pecuniary legatees.
Preparing Wills for clients to contain two individual Discretionary Trusts for family members who were incapable of managing their finances.
Preparing a Will for a client who was widowed and subsequently had a child with a new partner. The Will was structured to guarantee the latter partner had the protection of a property during her lifetime whilst ensuring the property would ultimately benefit all children, including those from his previous marriage. Also advising the client as to ways to mitigate Inheritance Tax in order to secure three Nil Rate Band allowances.