Thomson Snell & Passmore advise client on how to ensure their elderly parent is provided for if the worst should happen
With an ageing population, many people are making the decision to look after their parents in their homes. Our clients had done just that, building a self-contained flat (or "granny annexe") for a parent in his 90s. We shall call him Bill (not his real name). As part of the deal, and in the interests of good inheritance tax planning, Bill had transferred almost all of his assets to our clients.
TSP’s multi-disciplinary team were able to provide a seamless, expert and sensitive service to a farming family with a farming company and a mixture of residential and agricultural property.
This case study demonstrates the expertise of our Probate team and provides a useful reminder to us all to ensure that we have a Will in place, and that it is reviewed and updated regularly.
This case study demonstrates the expertise of our Wills, Trusts & Tax Planning team who have recently advised a client on deeds of variation, inheritance tax and discretionary trusts.
This case study demonstrates the expertise of our Wills, Trusts & Tax Planning team who have recently settled a farming case, saving a potential IHT liability of over £500,000.