Wills and trusts for UK landlords & property investors | Buy-to-let property
August 9, 2022
UK Landlords need a will to tell people where their assets and property investments are going to go (family, friends and children)¬¬. Assets may be frozen and subject to a court order request if a will has not been made.
UK landlords also need a power of attorney. This will tell fanciers and legal representatives who are authorised to act on the person’s behalf in case of an accident and unconscious (for example). People that are incapacitated cannot make financial or legal decisions. Assets and bank accounts could be frozen and legal affairs in limbo. UK landlords may use a power of attorney to ensure that someone may make financial and legal decisions on their behalf.
Work with Optimise Accountants to ensure you are tax efficient and your legal affairs are kept in good order.
www.optimiseaccountants.co.uk
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