As a society we are generally getting older, but living longer. With our help and assistance you can prepare your Will and make proper estate planning to ensure that the wealth you have collected through hard work and effort, is distributed amongst those you want to receive it, rather than the Tax-man!!

Situated in the heart of Liverpool's business district, we are very easy to find and have excellent public transport links. Click on 'Contact Us' above to see a map of our location. Alternatively we can arrange to visit you in your home, hospital or even arrange an out of hours appointment if necessary.

Regrettably, none of us can predict when illness or incapacity may strike. We can assist to make your affairs more manageable whatever happens, such as a selection of residential and nursing accommodation facilities available locally and methods to fund it, or Enduring Powers of Attorney to allow a family member or relative to assist you with your personal affairs. The provisions of the Mental Capacity Act 2005 are due to be implemented in the Autumn and we would recommend anyone considering an Enduring Power to ensure that the same is in place by 01/10/07 after which new forms known as lasting Power of Attorney will be required at a significantly increased cost.

Inheritance Tax (IHT) is a subject that we are often asked about, and it is an area where we can assist you and offer some ideas and methods that can help reduce the Tax bill to your future estate.

Currently, the threshold for IHT is £285,000 meaning that if the total value of your estate exceeds the threshold, your estate shall be liable to 40% TAX on the surplus subject to certain statutory exemptions.

Loss of 40p in every pound over the threshold is a lot of tax to pay, and may cause hardship to your family and relatives if not properly planned for.

Why not contact us now on 0151 706 7000 or at johnl@wcdlaw.com We can offer you a free consultation on your liability, and can assist you with tax saving suggestions.

 

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