We offer a wide range of Private Client Services, including:
There are key events such as buying a house, having children, getting married or getting divorced which prompt people to make a Will. However, it is important at every stage of life to complete a Will to ensure that your affairs are in order, as no one can be certain as to what the future holds. Whether you would like to create a Will or review an existing Will, Downie & Gadban will be able to assist you to make sure your Will is explained clearly with no legal jargon and your wishes are clearly reflected.
Inheritance Tax Planning
When you come to see us regarding your Will, we will provide you with general advice regarding Inheritance Tax based on the details you have given us. However, we can also provide you with more specific, detailed advice regarding Inheritance Tax in relation to life time gifts, exemptions and reliefs and how these could affect your family in the future.
Powers of Attorney
Many people do not realise the importance of Lasting Powers of Attorney until it is too late. It is important to make sure that you have your Lasting Power of Attorney in place to ensure that if you lose capacity or you are unable to deal with your affairs that you have someone who you trust appointed to act on your behalf. At Downie & Gadban we can draft new Lasting Powers of Attorney to reflect your instructions and preferences which we will register with the Office of the Public Guardian on your behalf. We can also assist in preparing General Powers of Attorney and registering existing Powers of Attorney, including Lasting Powers of Attorney and Enduring Powers of Attorney with the Office of the Public Guardian.
Enduring Powers of Attorney can only be used for decisions relating to Property and Financial affairs. You are no longer able to create Enduring Powers of Attorney as they were replaced by the new Lasting Powers of Attorney in October 2007 which now provide more protection and extra options for the donors. However, if you made an Enduring Power of Attorney before October 2007, whether registered or unregistered, you can still continue to use it.
A General Power of Attorney, unlike Lasting Powers of Attorney and Enduring Powers of Attorney, can only be used when you have capacity, and are most commonly used by people who live abroad and need someone to deal with their affairs in the UK.
Losing someone close to you can be a difficult and emotional time. Here at Downie & Gadban we are able to support you through this process. After someone dies, it is important that their liabilities are paid and their assets distributed correctly in accordance with their Will or the rules of intestacy. We are able to advise and assist you through the steps leading to an obtaining a Grant and completing the administration process.
Trusts can be created during your lifetime and by your Will and can be a useful way to assist in tax planning and to preserve assets. At Downie & Gadban we are able to assist you with the drafting and administration of trusts.