Top court of protection solicitors Lydgate? At Bromleys, we understand that your children are the most essential part of your lives. Whether you need advice and guidance regarding adoption, childcare proceedings or local authority involvement regarding your parental responsibilities, we’ll do everything we can to ensure a safe environment for your family. Regardless of the circumstances, our team of specialist solicitors are committed to providing robust, easy-to-understand legal advice coupled with sympathetic guidance and emotional support.
If you’re a business owner or Director, it’s more than likely that at some stage your business will be involved in some form of property transaction. Whether you’ll be acting as a tenant, investor, developer or commercial landlord, ensuring you seek professional legal support from the offset is crucial. Our previous experience in commercial property means our specialised solicitors are highly knowledgeable and up-to-speed with the most recent developments in the field. Taking on a proactive approach, our team will be on-hand to advise, support and guide you through the process from beginning to end. Working closely with all relevant parties, our solicitors will first look to gain a complete understanding of your business needs in order to provide tailored commercial property solutions.
Bromleys is the trading name of Bromleys Solicitors LLP, formerly known as Bromley Hyde & Robinson. We’ve been based in Ashton-under-Lyne for over 175 years and are authorised and regulated by the Solicitors Regulation Authority. We have an excellent reputation with our clients, peers and the wider business community and pride ourselves on providing clear, concise legal advice. Over the years, we have grown organically while also acquiring and merging with other local practices. We now occupy a prominent position in the heart of Ashton-under-Lyne in the top three floors of the old fire station. Our offices overlook the market square and the historic Ashton-under-Lyne town hall. Find even more details at deed of variation cost.
In 2013, Glyne Harris was made the Executor of a £1.2 million estate. Harris filed the Inheritance Tax Return and paid the initial Inheritance Tax that was due. As a large part of the estate was property, it was possible to pay the Inheritance Tax on the property in instalments. Harris made the mistake of paying the estate out to a beneficiary on the understanding that the beneficiary would settle the remaining IHT bill. Unfortunately for Harris, the beneficiary swiftly disappeared to Barbados without paying the remaining Inheritance Tax. Harris as the Executor was liable to pay the remainder of the £340,000 tax bill personally. Without the estate funds at his disposal, Harris appealed saying that he should not be liable, however a judge ruled that he is in fact personally liable. HMRC could potentially go after Harris’ own assets including his house. Whilst this is an extreme example of what can go wrong, it shows the responsibilities of being appointed an Executor and the advantage that having a professional can have.
Planning for residential care fees: Many people are concerned that their savings will be taken in the future and their home sold in order to pay for residential care and nursing home fees. This could leave little or nothing for your family to inherit. We’ll look at the value of the property and your financial circumstances in order to discuss your options. Placing your home into a trust, which could potentially be held by your child or children, can help reduce the risk of a forced sale to pay for care home fees. You can also add terms to make sure that you have the right to stay in the property and cannot be evicted under any circumstances. Read extra details at https://www.bromleys.co.uk/.