Private Client
Should business owners put in place a Lasting Power of Attorney?
More than 1/10 UK company directors are now past the state pension age of 67, and there are even 100,000 directors above the age of 80.
More than 1/10 UK company directors are now past the state pension age of 67, and there are even 100,000 directors above the age of 80.
If you own assets in the UK that exceed £325,000, your estate may be exposed to IHT, which is charged at 40%.
In this article, we will explore the causes behind the backlog, as well as considerations to keep in mind when applying for probate and how to navigate any delays.
Navigating the initial steps of probate can be daunting as you may be unsure where to begin. The following guide will provide you with the relevant steps.
By having a Lasting Power of Attorney (LPA) in place, business owners can have peace of mind knowing that their affairs will be managed according to their wishes if they are unable to do so themselves.
Trusts can be complex, but when utilised and managed properly, taking expert advice into account, they can serve as valuable tools for achieving effective wealth protection and succession planning.
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