Our wills, trusts and probate team specialises in preserving wealth for individuals, couples and families through wills and inheritance tax planning for you now and for future generations.
As individuals and families, we all work hard and spend many years accumulating a safety net for our retirement in the form of property, savings and other assets.
We work with clients to ensure that your savings and other assets are protected from unnecessary tax upon your death, thus preserving wealth for your dependants and future generations. This is achieved through the effective management of the probate process and guiding you through the complexities of inheritance tax planning laws, as well as helping you with the writing of your will.
We all want to provide for our families as best we can and ensure that we minimise our tax liabilities. With the increasing growth in the value of our properties, the number of second families or other complex family arrangements, clients at the very least need to put in place a will ensuring that their assets will pass on death in accordance with their wishes.
The team is recommended in Chambers (2017) for offering a comprehensive service - with clients saying "They impress me. We have dealt with them on a few complex matters and they dealt with them very well." and "They have a lot of strengths in the firm. I think that they are well positioned in the market.". Chambers also recognise Elizabeth Webbe as a Notable Practitioner (top ranking her in Band 1).
Legal 500 (2017) have praised 'Trethowans LLP having a niche specialism in advising entrepreneurs, farmers and landed estates on succession and capital tax planning. It also handles Court of Protection and mental capacity issues as well as probate administrations.'
Our specialist team assists in the administration of the estates of deceased individuals, liaising with HM Revenue & Customs revenue regarding the inheritance tax payable, applying for a grant of probate and subsequently distributing the estate and setting up any ongoing trusts contained in the will. We also deal with the day to day management of trusts, ensuring that all relevant taxes are settled and the correct legal documentation is in place.
A growing area of work is that of advising clients on the funding of care provision for themselves or elderly relatives. Linked to this we assist clients in nominating someone to make decisions for them regarding their property and finances or even regarding welfare matters if they become incapable of doing so via a lasting power of attorney or, if they have already lost mental capacity, via an application to the office of the public guardian for the appointment of a deputy to administer their affairs.