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 Our Private Client team at Pothecary Witham Weld has a wealth of experience taking care of both individual's and family's private financial and will related testamentary matters. We offer sympathetic and constructive assistance on many matters and aim to find out your concerns and tailor our advice accordingly.
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• Calculating and arranging for payment of any Inheritance Tax, Capital Gains Tax and Income Tax payable by the estate
• Advising on tax liabilities outstanding in the name of the deceased, whether resident or domiciled in the U.K. or abroad
• Gathering in the assets of the estate
• Settling any outstanding liabilities
• Advising on the interpretation of wills or an intestacy
• Advising in relation to inheritance and any claims being made against the estate
• Preparing estate accounts
• Distributing the assets of the estate in accordance with the terms of the deceased's will or the laws of intestacy |
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Probate and Administration are tasks that require sensitivity and experience. Efficient handling of administration is of prime importance. We offer a comprehensive service for all probate matters including preparation of papers to apply for the grant and the subsequent administration of the estate. |
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Everyone, young or old, should consider having an Lasting Power of Attorney (LPA). Having an LPA means that in the event of physical or mental incapacity:
• YOU name the person you trust to deal with all your property and finances (your Attorney)
• YOU decide who should have responsibility to deal with your finances
• YOU decide when the document comes into effect by providing specific safeguards
• YOU can ensure that special instructions are included in the document
• YOU can restrict your Attorney's authority
• YOU decide if your Attorneys should act jointly or jointly and severally
• YOUR affairs can be dealt with without delay and with minimal expense
An LPA must be made whilst a person has full mental capacity. In the event that an LPA cannot be made there is an alternative known as 'Receivership'. We offer the services of solicitors as attorneys where professional management of a client's affairs is desired. We also look after the affairs of patients under the Mental Health Act and handle any necessary dealings with the Court of Protection including Receivership accounts. |
We can assist with problems particularly encountered by the elderly client and advise on:
• Living arrangements including community and residential care
• Welfare benefits and entitlements
• Pensions
• Wills & estate planning
• Lasting Powers of Attorney in the event physical or mental incapacity
• Court of Protection matters |
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Despite recent changes in the law a trust is still an efficient way of protecting assets from the harsher tax regime levied on individuals. Whether the trust is created whilst you are still alive or as part of a tax- efficient will, it can provide control, security and flexibility. Pothecary Witham Weld can handle the establishment and administration of all kinds of private trusts as well as the preparation of associated tax returns. |
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Private Client
