Premium bankruptcy solicitors Oldham? At Bromleys, we understand that your children are the most essential part of your lives. Whether you need advice and guidance regarding adoption, childcare proceedings or local authority involvement regarding your parental responsibilities, we’ll do everything we can to ensure a safe environment for your family. Regardless of the circumstances, our team of specialist solicitors are committed to providing robust, easy-to-understand legal advice coupled with sympathetic guidance and emotional support.
Financial issues within a business environment are fundamental to the success or failure of that business. Although it may often feel like there is no way out, the first step is to seek professional, expert advice. Our team will provide you with advice and support that will be focused on getting your business back up and running in the most efficient manner possible. Our team will provide you with advice and support that will be focused on getting your business back up and running in the most efficient manner possible. We have experience within all aspects of corporate recovery and insolvency and our solicitors will work collaboratively with your Directors to ensure your business can go on to thrive within the marketplace.
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. Find extra info on https://www.bromleys.co.uk/employment/.
A more common problem for the Executor is how to fund an Inheritance Tax bill when assets have to be sold to fund it. HMRC expect Inheritance Tax to be paid within six months of the date of death. After this time, HMRC will start charging interest on the unpaid tax. The bigger catch is that the Executor cannot sell the assets until probate has been granted. It is possible to release funds from cash and certain investments to pay the Inheritance Tax bill. If there is a property, then the tax on the property can be paid in instalments. However, you still need to find 10% of the bill within six months of the date of death. Which depending on the value could be more than is available in liquid cash. The tax affairs of a deceased person’s estate can be very tricky to deal with and you should always seek advice if you are uncertain of how to act in your capacity as Executor.
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. Discover even more details on here.