Disabled & Vulnerable Beneficiaries
If you intend including a disabled or vulnerable beneficiary, it is important that you seek advice before doing so. There are discretionary trusts that you can setup within your Wills, or within your lifetime. Some trusts for disabled people or children also get...
read moreWill Writing & Awareness Clinics 2025
During 2025 Generation Financial Planning will be looking to arrange Will Writing & Awareness Clinics at various businesses and organisations. This can be in person, or online, utilising digital online video meetings. We feel that making your Directors, Staff,...
read moreWhat are the Inheritance Tax Rules?
Rules on giving gifts Inheritance Tax may have to be paid after your death on some gifts you’ve given. Gifts given less than 7 years before you die may be taxed depending on: who you give the gift to and their relationship to you the value of the gift when the...
read moreInheritance Tax – Threshold Freeze & Pensions
The freeze on inheritance tax (IHT) thresholds could cost families £234,000 over the total duration of the potential two-decade long nil rate band (NRB) freeze, up to the 2030 end date, and the introduction of unspent pensions into the IHT bracket. The NRB has been...
read moreShould I consider transferring my home into trust?
Being a nation of homeowners, for most of us, our home is our most valuable asset. So why not look to protect it with a trust arranagment? A lifetime property protection trust is a trust that is created within your lifetime, and is managed by selected trustees. It...
read moreThe harsh reality of not having a valid Last Will & Testament
A Last Will & Testament is arguably one of the the most important documents in your life. Yet, over 50% of UK adults still do not have a Last Will & Testament. Astonishingly, one in eight people, state that they have no intention of writing a Last Will &...
read moreUK Inheritance Tax
Inheritance tax is a tax on the estate of someone who has passed away. The tax is paid on the net value of the estate above a certain threshold. This is known as the inheritance tax threshold or nil-rate band. Personal exemption: Everyone in the UK has a personal...
read moreMaking a Lasting Power of Attorney
Making a Lasting Power of Attorney. A Lasting Power of Attorney (LPA) is a legal document that allows an individual (the donor) to appoint one or more individuals (the attorneys) to make decisions on their behalf, should they become unable to do so themselves due to...
read moreWhat happens if you do not appoint a guardian for your children?
What happens if you do not appoint a guardian for your children? If a parent does not appoint a guardian for their minor children in their will, it can have significant and potentially negative impacts on the children's lives, should something happen to the parent(s):...
read more5 Benefits of using a Will Writing & Estate Planning Practitioner
1. Expertise: Practitioners have extensive knowledge and experience in legal and financial matters related to estate planning. We can provide personalised advice and guidance based on a person's unique circumstances and goals. 2. Reduce stress: Estate planning can be...
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