Wills Solicitors in Plymouth

When it comes to funding long-term care, Deferred Payment Agreements (DPAs) can be a practical solution for many families. These agreements, available through local authorities, allow individuals to defer their care home fees by securing them against their property, usually the family home. While DPAs can be helpful, they come with complexities that families need to understand before making a commitment. Here, Hilary Cragg, Solicitor and Partner at Nash & Co Solicitors, shares expert advice on avoiding common pitfalls with DPAs and provides guidance to help families make informed decisions.

When planning for long-term care, many families face difficult financial decisions. Two of the most common options are Deferred Payment Agreements (DPAs) and private funding, each offering distinct benefits and challenges. Choosing the right approach depends on your family’s financial situation, long-term goals, and comfort with the risks involved.

Although there have been whispers of changes to inheritance tax for quite some time in today’s budget these whispers became a reality as Chancellor Rachel Reeves has now outlined several changes to inheritance tax as part of a wider push to raise revenue.

Inheritance Tax (IHT) can have a significant impact on the amount that your beneficiaries receive from your estate. Understanding how it works and implementing strategies to minimise its impact can help ensure that your loved ones benefit as much as possible from your estate.

Asset Protection Trusts (APTs) are often used to manage and safeguard your assets, but it’s important to understand that they come with various tax implications that need careful consideration. Understanding these tax implications ensures that your trust has been set up correctly and operates in compliance with the law.

Asset Protection Trusts (APTs) are used for managing and protecting assets, which means it’s critical that it has been properly registered. Many APTs are legally required to register with HMRC both for reporting for tax purposes, and being entered on HMRC’s trust registration service (‘TRS’). This is essential to avoiding both legal and financial complications.

You may have heard of Asset Protection Trusts (APTs), sometimes known as Family Protection Trusts, in the news, or perhaps you or a loved one has a trust in place you started some years ago.

The closure of McClure Solicitors has left many former clients facing uncertainty and concern regarding their legal and financial arrangements. If you are a previous client of McClure Solicitors, it is crucial to take proactive steps to address any issues and secure your interests.

The collapse of McClure Solicitors has left many clients in a state of uncertainty and concern, particularly for those who had set up Family Protection Trusts. Former clients have found themselves left in the dark regarding their trusts and are now seeking advice about the best options available to them.

While Michael Jackson’s musical contributions continue to be celebrated, the management of his estate has been the subject of legal battles and family disputes. Recently, a new feud has unfolded, centring on Bigi Jackson, Michael's youngest son, and his claim against his grandmother, Katherine Jackson.

Making decisions for a loved one who lacks capacity can feel daunting, and understanding the legal structures in place to protect their rights and interests is crucial.

Navigating decisions for a loved one who may lack capacity when it comes to making decisions can be overwhelming. Understanding who has the authority to make these decisions is crucial for ensuring their well-being and protecting their interests.