Court of Protection

If you have a friend or family member who is no longer able to make decisions on their own perhaps due to illness, age or infirmity then you may be able to apply to the Court of Protection to be appointed as their “deputy” in order that you can help them and make decisions on their behalf regarding their finances and other matters. This is often done in cases where the patient is unable to sign a Lasting Power of Attorney (usually because they have already lost mental capacity).

The application process for a deputyship order can be complicated and David Tagg & Co are able to advise you and complete the application on your behalf and advise you generally regarding your duties as a deputy.

Deputyship order can also be of assistance where there is a dispute regarding what type of social care is in a person’s best interest or where you are concerned about the level of care a person is receiving or where you are already looking after another person but need to make matters official for theirs and your own protection.

For further enquiries or a quotation please contact David Tagg on Tel:020 7736 0999

Inheritance Tax Planning

Inheritance Tax Planning We can advise you about trying to reduce the amount of inheritance tax (previously known as death duties) payable by your estate after your death.

This can be important since the amount of inheritance tax payable by some estates can be very high (often as a result of the increase in property prices and the value of the family home) and many estates that would once have been exempt are now chargeable.

Inheritance tax is a complex area of law however in many cases it is possible to reduce the tax payable (or avoid it altogether) by planning matters in advance. This is often done in conjunction with the preparation of your will.

Inheritance tax is often relevant if the value of your assets is in excess of £325,000. The usual rate of inheritance tax is 40%. Various exemptions (such as the “spouse exemption”) and reliefs may apply.

There are many methods for reducing inheritance tax and not all are complicated. Inheritance tax planning may save tax on your estate and leave more money for you family and loved ones.

For further enquiries or a quotation please contact David Tagg on Tel:020 7736 0999