If you want to make sure your ‘furbaby’ is looked after when you're gone, we can advise you how to best achieve this in your estate planning.
If you're paying for your grandchildren's education costs, then you're not alone. But is this financial support a 'gift' or a 'loan' to your children? If this is left in any doubt, then bitter family disputes will arise. Take the time now to make sure the ground rules are clear.
This is a lawyer's blog, what do you think the answer is going to be...?! Read on anyway if you're not yet convinced.
The Government has announced a 'tax integrity' measure to 'improve' the taxation of testamentary trusts. What impact does this potentially have on your estate planning strategies?
Most people who advise on testamentary trusts talk about the ‘tax benefits’. This emphasis is plain wrong. Why? Because, a simple Will (without a testamentary trust) is more likely to do harm, and to lead to family disharmony, than one with a testamentary trust.
When you give an outright gift to someone under your Will, the beneficiary receives the gift from your executor, with no strings attached. The beneficiary can do what they like with it. If you impose any rules on the gift, then you have effectively created a 'testamentary trust', and things get a little more complicated.
All of the lawyers I’ve worked with at Andreyev Lawyers have excellent practical knowledge, and are happy to work with professionals like myself to come up with solutions for our clients.
They helped make my estate planning very simple
Take greater control over your Estate by incorporating “testamentary trusts” within your Will - and your family will benefit for generations.