Whatever your goals, we offer intelligent, expert solutions which are tailored to your particular needs. The following case studies describe a variety of situations where we can help you avoid costly mistakes:
Civil Partnership – how does it affect you?
Michael and Robert have lived together for fifteen years and are considering becoming civil partners. Michael owns their home however Robert has contributed a great deal to the mortgage and improvements over the years. Michael has decided to transfer the property into joint names but both Michael and Robert ultimately want to pass their shares to their own families when both of them have died. They do not have wills at present and know that Robert is in a precarious position since Michael’s family has never accepted their relationship and would be entitled to Michael’s estate by default. What impact will entering a civil partnership have and should they put off making their wills or transferring the property until they have decided? What are the Inheritance Tax and Capital Gains Tax issues?
What should I do next?
These are just a small selection of instances where you should obtain expert advice before taking action. Our strength is in analysing your position, recognising any pitfalls and providing creative and thoughtful solutions that suit your circumstances. For further information contact trusts@lanesmithshindler.com or telephone 0845 658 48 48.
