Guardianship of a minor
A parent who has ‘parental responsibility’ for their child who is a minor can appoint another person to be their guardian, said appointment takes effect upon the death of the testator provided no other person living has the same responsibility.
Before we became Keylu, our founder, @iandibb spoke exclusively with the @Daily_Express about how life planning can help avoid hefty inheritance tax costs.
Read the full article here⤵️
https://t.co/AFWqfoH21I
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Choosing correct person as executor of your Will is vital as they are responsible and liable for all decisions they make i.e paying the correct amount of inheritance tax or paying out to the wrong beneficiary.
Q. Would a severance of joint tenancy be considered a deliberate deprivation of assets, If one of the joint tenants’ assets were assessed by local authority in regard their contribution towards care.
A. Not if the appropriate trust was set up in your Will..www.approvedwills.co.uk
No one wants to think about it but death comes to us all why not provide peace of mind knowing that your loved ones don't have to worry about finding funds for something they hadn't prepared for. Take a look at our inflation proof plans now.
More people have come to realise the importance of having an up to date Will in place...Approved Wills are instructions via video call, we can either return your Will via post and supervise its signing over a video call, or make a free home visit taking all the PPE precautions
Is this you?, do you have a high value Life Assurance policy that will exceed the Inheritance Tax threshold on payout?, would you like to limit the amount of IHT liability on payout, then Approved Wills have the solution for you
Stat
Stats show that 1 in 20 children lose a parent before the age of 16yrs, Without a Guardianship in your Will there is no guarantee as to who will provide and look after them, Neither Grandparents or Godparents are automatically given custody unless it is stated in your Will.