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.
Many people assume that if they die without a will their spouse or partner will inherit everything but this is not so.
Flackwoods can explain to you how spouses and civil partners may not receive all your property and unmarried partners are not automatically entitled to anything.

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.
Trusts are more than a means of preserving family assets for future generations: a trust is also a highly efficient tax planning mechanism which can be used to mitigate or defer inheritance, capital gains and income taxes.

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.
Personal welfare decisions may include where someone lives, who they see and ultimately the right to consent or refuse life sustaining treatment.
An LPA must be registered in order to be used.

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.
The key to our longstanding success is our personal approach to providing solutions and our straightforward personal care.