Our Wills, Trusts, Lasting Power of Attorney, and Inheritance Tax Planning Services

Wills - Ian Francis

The Benefits of Wills

We regularly advise clients on how to protect their estate to plan minimising potential inheritance tax liabilities, to pass wealth through your family, using gifts, insurance policies, Wills and trusts.

Both Ian and Emma are qualified through the Society of Will Writers to help clients with writing Wills and trusts.

Reviewing your plans and options, and those of your family & loved ones, giving reassurance about such decisions.

Most adults in the UK do not have a Will, which may deprive your family, friends and others, that you might want to benefit from your estate after your death.

Your Will is the only way to ensure your property, savings and possessions go to the people you want to benefit from them after you die. Telling your family what you want does not count – it has to be formalised in a legally recognised document to be enforceable.

Stating your wishes is vital for being reassured that the “laws of intestacy” rules aren’t followed instead.

It becomes particularly fraught for non-traditional families, such as those with stepchildren or for co-habiting couples. If an unmarried person dies, the surviving partner has no right to inherit their assets, regardless of how long they have been in a relationship. By contrast, estranged spouses retain the right to inherit, even if any amicable attachment has long since dissolved. Wills also allow you to state who you would like to look after children, other dependents etc which can be enormously reassuring.

Advice on Wills, Trusts and Inheritance Tax Planning

We regularly advise clients on how to protect their estate to plan minimising potential inheritance tax liabilities, to pass wealth through your family, using Wills, lasting powers of attorney (and the use of enduring powers of attorney), trusts, insurance products, and gifting of assets.

Both Ian and Emma are qualified through the Society of Will Writers to help clients with writing Wills and Trusts.

Using Trusts

Trusts are a great way to help protect your loved ones, ensuring they can be provided for in the future.

Trusts can:

  • Protect your assets – safeguarding how funds are to be spent
  • Guarantee an income for your loved ones - providing financial stability for their future
  • Help to avoid inheritance tax - ensuring your money etc is passed on in the most tax efficient way
  • Ensure your estate is dealt with in accordance with your wishes rather than the rigid provisions of the state.

Who Will Make Decisions For Me If I Am Unable To?

Arranging a Lasting Power of Attorney is the only way to ensure your loved ones, or someone you trust, can handle your affairs if you can no longer do so.

If you become incapable of making decisions for yourself and you do not have a Lasting or Enduring Power of Attorney in place, an application would need to be made to the Court of Protection by your representative to become your Deputy in order for them to be able to act on your behalf.

Chestnut's Ian Francis is an associate member of the Society of Later Life Advisers. SOLLA helps people and their families in finding trusted accredited financial advisers who understand financial needs in later life. A well-qualified financial adviser like Ian is also somebody who understands the plans you need to make for your retirement years. He is well qualified, independent expert, which means that we can answer all your questions and obtain all available care fees annuity quotes for you.

The annuity providers have to offer the same prices to all financial advisers with the only variable being the adviser’s charge which you agree at outset. We are, in effect, doing the shopping around for you.

Many clients ask us for help to create their lasting powers of attorney (and the use of enduring powers of attorney), to help them get the best of out of life by appointing attorney's to look after their best interests concerning their property and assets, or to be consulted if your health fails.

Wills - Emma Francis

Knowledge and Expertise

Because estate planning is much more complex than we’re able to explain here, rest assured, we use our skills and expertise to stay up-to-date with current retirement thinking, changing legislation and new products to ensure you receive only the highest quality advice.

Please Get In Touch

You can telephone our office on 01522 788887, we always look forward to speaking with our clients.

Alternatively, you can email us. Our address is ian@chestnutfs.co.uk

Or please complete this contact form and we will get back to you as soon as possible!

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Estate Planning is not regulated by the Financial Conduct Authority