Wednesday 12th April 8pm. Monthly Meeting at Carmarthen Veterinary Centre
Power Of Attorney and Inheritance Planning with RedKite Solicitors
Once again Mathew Bowen from Red Kite Solicitors came to give us a very informative talk, this time on Lasting Power of Attorney, New Inheritance Tax rules & proposed new Probate fees.
Power of Attorney (PoA): There are 2 types of Lasting Power of Attorney, one for Finance and another for Health & Wellbeing. Both comprise of 3 parts that need completing.
New Inheritance Tax Rules from 6th April 2017: Allowances before Inheritance tax becomes payable these apply to a person and their main residence.
Probate Fees: There was a draft proposal, awaiting final approval in Parliament during May 2017, which would alter the fees from a flat rate to a banding rate depending on the value of the estate. This has not come into force as a general election was called.
Further information available from Red Kite Solicitors www.redkitelaw.co.uk