WILLS, TRUSTS, TAX AND PROBATE
Trusts and Trust Administration
Trusts can be complicated. Our aim is to help you understand how they work.
The creation and management of trusts is a very specialist area of the law, and there are many traps for the ill-advised. There have been substantial changes to the tax rules and registration relating to trusts. If you are responsible for a trust and it has not been reviewed recently, it is essential that a review takes place as soon as possible.
Our expert team has a wealth of experience with a wide range of trusts.
We can advise on:
- New Inheritance Tax Rules
- Trust Reviews
- Variation of Trusts
- General Trust Administration
- Trust Accounts
- Distributions to Beneficiaries
- Powers and Duties of Trustees
Probate and Estate Administration
Losing a loved one is always difficult, and the last thing many people want to be concerned with at such a time is the complexity and worry of dealing with the estate.
We have a professional dedicated team, who will deal with the administration for you efficiently and sympathetically.
We can offer:
- General estate administration
- Obtaining the Grant
- Distribution to beneficiaries, including charities
- Inheritance tax, capital gains tax and income tax
- Estate accounts
- Administration of trusts
- Post-death tax planning
- Deeds of variation and disclaimers
Our partner Michael looks at what makes a will and how they work, starting with revocation. Michael specialises in wills and inheritance disputes which means he is well position to explain this area and consider what happen when things go wrong.
The execution of a will, in most circumstances, revokes an earlier one.
A revocation clause, usually found at the start of a will, ensures there can be no doubt that the testator wanted their new will to replace an earlier one.
All of us at Stokes Partners were delighted to host Archie from Reminiscence Learning last week.
Reminiscence Learning is an amazing Somerset based charity specialising in raising awareness of dementia across communities and generations, providing respite activity to support carers and those they care for and organising training sessions, carer support groups and community activity sessions.
One of Somerset’s most forward-thinking law firms, Stokes Partners, has joined as Somerset Day’s new Official Legal Partner. Based in the heart of Somerset, Stokes Partners are proud of their Somerset roots and passionate about providing high quality personal service to individuals and businesses in Somerset and beyond.
The recent case of HHJ Harrison in Breakingbury -v- Croad (2021) saw the owner of a dental practice defend a…