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Financial Protector
Our Financial Protector will brings all the options for your assets that our Protector Plus will brings and adds in specific advice designed to minimise the tax paid through your will.
Details
- If you have assets (including property) over the Inheritance Tax threshold (currently £325,000) you may benefit from more detailed advice on how to minimise the tax paid through your will. If you own a business this may also be a more suitable option for you.
- Our lawyers are experts in structuring your will to maximise the assets left to your friends and family, potentially saving you many thousands of pounds.
Currently, the Inheritance Tax threshold is £325,000. Assets above that – which include any equity in any property you have – are subject to tax at 40%. This also includes any gifts made in the seven years leading up to the person dying. If you know or believe your assets may exceed this amount then this is the right service for you. Our experts can help you plan your affairs in way to maximise the amount you are able to leave behind. This will service is often suitable for business owners, where financial and legal planning can help protect the business.
Whether you are just over the threshold or have assets worth many millions, we have specialist lawyers in this field whose expert advice is typically worth many times the cost of preparing the will in terms of the future savings it can bring.
To check that this is the right product for you and for details of your local QualitySolicitors office and pricing use our Wills assistant.
Expert legal advice you can rely on:
- Wills and probate
- Barnardo's Will Scheme
- Contesting a will or inheritance
- Estate administration
- Wills and probate
- Inheritance and tax planning
- Making a will
-
Notarial services for
wills and probate - Power of attorney
- Trusts
Wills and probate
Thinking about what will happen after you or a loved one dies can be a difficult thought, and one we might like to put off for as long as possible. The reality is, though, that the more organised and clear we are in our last wishes earlier on in life, the less distressing it will be if illness or accidents do suddenly strike.
Contesting a will or inheritance
When someone you love and care about dies, the last thing on your mind is likely to be the financial implications. However these will often become very important. Not least to make sure the wishes are followed of the person who died. And so that you your inheritance does not end up in the wrong hands.
Estate administration
Thinking about what will happen after you or a loved one dies can be a difficult thought, and one we might like to put off for as long as possible. The reality is, though, that the more organised and clear we are in our last wishes earlier on in life, the less distressing it will be if illness or accidents do suddenly strike.
Wills and probate
Thinking about what will happen after you or a loved one dies can be a difficult thought, and one we might like to put off for as long as possible. The reality is, though, that the more organised and clear we are in our last wishes earlier on in life, the less distressing it will be if illness or accidents do suddenly strike.
Inheritance and tax planning
Planning ahead for when you die allows you to set out clearly who should get what from your estate. Masons Law can help you think through your plans and their financial impact. Our aim is to ensure that your loved ones are cared for when you no longer can.
Making a will
1 in 4 wills in a recent study by the Legal Services Board failed their official assessment, meaning they were either completely invalid or didn’t properly reflect what the person wanted to happen. Getting the right person to prepare your will is vital.
Notarial services for wills and probate
If you’re dealing with wills and probate issues in a foreign country, you may find that you need to present English documentation to foreign authorities. If this is the case, it’s important to ensure your documents will be recognised. It may therefore be necessary to have the documents validated (notarised) by a Notary so that they will be accepted by a particular country’s authorities.
Power of attorney
1 in 4 wills in a recent study by the Legal Services Board failed their official assessment, meaning they were either completely invalid or didn’t properly reflect what the person wanted to happen. Getting the right person to prepare your will is vital.
Trusts
For many people, trusts are a useful way to assist in tax planning and to preserve assets. There are various types of trusts and they can be created during your lifetime or by your will.
We have more specific information on:
- Protector
- Protector Plus
- Financial Protector
Protector
- Decide who gets what – leave gifts to friends, relatives or charities.
- Appoint a Guardian to take responsibility for any children.
- Set out any funeral wishes
- Appoint the person you wish to carry out your will.
- Free lifetime storage
(many firms charge an annual fee for this service). - Free signing service Mon-Sat (we provide independent witnesses to ensure your will is valid).
Protector Plus
- Everything in a standard will plus address more complex issues.
Give a gift (e.g. your house) to a person for their lifetime only.
Stop a child receiving a gift until they turn a specific age, e.g. 21.
Exclude people who would normally expect to be included (e.g. wife/husband or children).
Provide for on-going care of a person with a disability.
Financial Protector
- If you have assets (including property) over the Inheritance Tax threshold (currently £325,000) you may benefit from more detailed advice on how to minimise the tax paid through your will. If you own a business this may also be a more suitable option for you.
Our lawyers are experts in structuring your will to maximise the assets left to your friends and family, potentially saving you many thousands of pounds.