As a private client specialist, I assist my clients at a time when they need advice the most. It is as important as ever to future plan for our finances, to protect our families and manage our assets efficiently.
Every client’s objective in this area is individual and specific to them. It’s my job to put my clients at ease and make them feel that they are in capable hands when planning for their future. I like to get to know my clients on a personal level to build a long-lasting relationship which allows me to advise them accordingly and keep that advice up to date.
My specialisms include trust incorporation and management, and estate administration along with will preparation matters and lasting powers of attorney. I work with a range of individuals on everything from straightforward matters to intricate inheritance tax planning.
Outside of work, I’m a keen sportswoman and a member of Cowbridge Cricket Team and Kenfig Golf Club. I also love spending time socialising and entertaining family and friends.
Prepare – unfortunately, many of us are only prompted to plan for our future or the future of our loved ones when it’s too late.
Review – circumstances change, so do priorities, so it’s important to review existing advice and the current position to ensure it is up-to-date and accurately reflects your wishes.
Facing things head on – procrastination is attitude’s natural assassin – there is nothing more fatiguing than an uncompleted task.
My relative has lost capacity and is not capable of managing her finances. Can we put lasting powers of attorney in place to deal with her affairs?
Unfortunately, if an individual has lost capacity it is too late to put lasting powers of attorney in place. However, we are able to apply to the Court of Protection for a deputyship order to obtain legal authority to make decisions on their behalf. This is unfortunately more time consuming and expensive, but it is possible.
I am an executor – what happens now they’ve passed away?
You can renounce your role as executor, but otherwise you can instruct a specialist probate practitioner who can guide you through the process and prepare all the necessary documentation. A specialist will ensure you have fulfilled your duties as an executor through collecting in the assets, settling liabilities, dealing with HMRC and distributing the estate according to the deceased’s will or the rules of intestacy should the deceased not have put a valid will in place.
I want to protect my assets as much as possible for my family. How do I do that?
The best way to do this is to have valid will, ensuring beneficiaries are entitled to receive what you want them to. Other methods include appropriate asset protection trusts and gifts. It is important to note that nothing is bulletproof, but preparation is key.