Teaco Associates Limited
We at Teaco have over 35 years of experience at being professional and friendly Trust & Estate Practitioners and Will Writers. We are a niche local firm here in Northwood, Middlesex of experts specialising in the areas of Wills and Trusts, Lasting Powers of Attorney, Inheritance Tax Planning, Probate applications, Intestacies and related administration, Probate Property sales and transfers, Transfers of Equity following Deeds of Gift and/or Trust arrangements (via our in-house conveyancing Solicitor).
Our team are fully qualified specialists who come under the strict regulations of the Society of Trust and Estate Practitioners (STEP) and in the case of our in-house solicitor, the SRA. STEP is a self-regulatory body who only offers membership to those who pass its entrance exam, or an equivalent and undergo continuous training, so we are very proud that we come under them.
OUR SERVICES INCLUDE:
Our solicitor Michael Fox holds a current Practising Certificate and is fully experienced to deal with any Property transactions or problems whether involving Commerical or Residential Properties.
Estate planning is planning to preserve, protect and desolve family wealth which takes account of the client’s wishes, expectations, opinions and prejudices and the nature of their relationships with their spouse, children, grandchildren and wider family. It is a bespoke service and not a retail product. In essence, estate planning is about asset and wealth protection through the use of legal structures to mitigate of inheritance tax, take advantage of other capital tax reliefs and more importantly to ensure that family wealth remains with the family and future generations.
Powers of Attorney
- Property & Finance
- A Health & Welfare
There are two different types of Lasting Powers of Attorney as follows:
A Property Affairs LPA which deals with an individual’s financial affairs such as selling the donor’s assets and managing their bank accounts where as A Personal Welfare LPA deals with an individual’s health and personal welfare such as where to live, day to day care or having medical treatment. This can only be used once an individual has lost capacity to make the decision themselves. An Attorney is appointed to make decisions as if they were the Donor themselves. An attorney must act in the Donor’s best interest and adhere to the Code of Practice stipulated by the Office of the Public Guardian.
- Inheritance Tax
- Capital Gains Tax
Trusts are used when an individual or two or more individuals arrange for specific assets to be legally owned by appointed individuals to hold those assets on behalf of other individuals.
- INTEREST IN POSSESSION TRUSTS
- DISCRETIONARY TRUSTS
- BARE TRUSTS
It is essential for every adult to make a valid Will to ensure that their assets are distributed to the persons whom they wish to benefit rather than the order of entitlement that the law dictates in the absence of a valid will.
Working with legal professionals such as us is a wise investment for the non-professional executor, as we will make the process easier, quicker and much less stressful and above all, ensures the correct procedures have been followed.
Please do not hesitate to get in contact with us for further information on any of our services or for a FREE half an hour initial consultation – we would love to hear from you! Alternatively you can visit our social media page to hear about our latest news and deals.