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...

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Will 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,...

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What 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...

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Inheritance 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...

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Should 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...

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UK 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...

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Making 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...

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