The Dreaded Work Appraisal
It is the beginning of a new year and I can’t help remembering it as a time of angst when I worked in Corporate America. This was the time that people were spending hours writing up their accomplishments for the previous year. Managers it seemed only remembered what happened in the last month or t

How to Offer your Users an RSS Feed
Everyday more and more people and websites are offering RSS (Really Simple Syndication) news feeds. It is great for businesses and websites- it is free advertising for them when people read their news feed each day, and search engines like websites which offer an RSS feed, as it shows they have inte

Building Rapport During The Sales Process
There is one immutable fact: Nothing Happens Before The Sale. Yet, many sales professionals feel inferior when it comes to dealing with their potential customer. This sense of being ‘less than adequate’ can be called ‘modesty’ or ‘humility’, but in the Sales Process, it’s called a Sales Killer. into a Will when somebody wants to make sure that Children, Grandchildren, Nieces or Nephews are provided for when the Testator (the person whose Will it is) dies. Without a Trust, under the Trustees Act of 1925, the appointed Trustees are only allowed to advance up to a maximum of 50% of a child’s inheritance before they reach the age of 18. With a Trust in place, the (minimum 2) Trustees can advance the full amount of the child’s inheritance if it is required for care, education and maintenance – at their discretion – to the child.

Money can be advanced to the children or to their legally appointed guardians before the child reaches a specified age: this is usually 18, but can be up to 25 – however there may be tax issues to address if the chosen age is over 18 and the testator’s estate is worth more than the ‘Nil Rate Band’ (the value of an estate over which Inheritance Tax has to be paid). The Trustees have the flexibility to assess the needs of the testator’s children at any time, meani

to advance up to a maximum of 50% of a child’s inheritance before they reach the age of 18. With a Trust in place, the (minimum 2) Trustees can advance the full amount of the child’s inheritance if it is required for care, education and maintenance – at their discretion – to the child.

Money can be advanced to the children or to their legally appointed guardians before the child reaches a specified age: this is usually 18, but can be up to 25 – however there may be tax issues to address if the chosen age is over 18 and the testator’s estate is worth more than the ‘Nil Rate Band’ (the value of an estate over which Inheritance Tax has to be paid). The Trustees have the flexibility to assess the needs of the testator’s children at any time, meani

their discretion – to the child.

Money can be advanced to the children or to their legally appointed guardians before the child reaches a specified age: this is usually 18, but can be up to 25 – however there may be tax issues to address if the chosen age is over 18 and the testator’s estate is worth more than the ‘Nil Rate Band’ (the value of an estate over which Inheritance Tax has to be paid). The Trustees have the flexibility to assess the needs of the testator’s children at any time, meani

hosen age is over 18 and the testator’s estate is worth more than the ‘Nil Rate Band’ (the value of an estate over which Inheritance Tax has to be paid). The Trustees have the flexibility to assess the needs of the testator’s children at any time, meaning that the testator doesn’t have to cover all eventualities in his/ her Will. School fees, trips, holidays and emergency medical care might be good examples of things where Trustees have to advance money from the Trust. An older child could apply for extraordinary funding from the Trust (an advance of his inheritance), which could be granted at the Trustees’ discretion.

The question to ask is "what will happen to my children (grandchildren / nieces / nephews) should I die ‘prematurely’"? Who will take care of them? My estate should be theirs, but they can’t have all the money until they are 18, and anyway, they might be much too young to know what’s best for them financially. Who do I trust to make sure my wishes for them are carried out (these wishes would be included in a Statement of Wishes (not legally binding – the Trustees can actually do what they want, but you appoint someone you TRUST to look after things!))? It’s a simple Trust to include in your Will, and shows foresight – we are n