Conveyancing solicitors Stockport by Bromleys
Best executor responsibilities to beneficiaries Manchester? Whether personal or business related, financial problems can prove extremely distressing for those involved. Knowing you’re facing potential bankruptcy or insolvency can feel like a burden, and that’s why our team of solicitors will guide you through the process, providing practical yet valuable advice. Our team will review your current financial status and work hard to assess what needs to be done to obtain the best possible outcome for you, your business and your loved ones.
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. We have very strong links within the local community and we not only act for, but strongly support local charities. We also provide free legal advice at our twice-weekly clinics to members of the local community. We are proud to be associated with both Tameside and Manchester. Read additional info at child custody solicitors.
It is the duty of the Executor to administer the estate, valuing it for Inheritance Tax purposes and seeing that any tax due is paid. Whilst many people are already aware of this, they do not realise that they may be held personally liable for the Inheritance Tax Bill even if they aren’t a beneficiary of the estate. It is possible to be both an Executor and a beneficiary of an estate.
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 additional information on https://www.bromleys.co.uk/.