Solicitor Position
Salary: Competitive
As a result of our continued expansion we are looking for a dynamic and confident solicitor to join our city centre office in Glasgow.
Applying candidates should ideally have:
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Strong organisational and communication skills.
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Experience of working within a fast paced office environment.
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The ability to work from a case management system without paper files
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Strong attention to detail
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The ability to work as part of a team
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Relevant private client experience is desirable but not essential as full training will be provided
The role will include:
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Handling the ongoing administrative aspects of Lifetime Discretionary Trusts
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Communicating with clients and discretionary beneficiaries on a daily basis
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Undertaking the administration following the death of a settlor including attending to distribution of Trust assets.
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Advising on relevant tax implications during the course of the administration, particularly Inheritance Tax, Income Tax and Capital Gains Tax
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Engaging with local authorities and other solicitors in relation to clients who have entered into residential care
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Checking draft Wills and Powers of Attorney
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Conducting new client appointments within the office
In return we will offer:
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A full time permanent position
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A competitive salary
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Pension
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An excellent holiday package
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Paid Staff Days Out
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Substantial opportunities for career progression
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No requirement for time recording
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Monthly dress down day with drinks to round off the month!
Please send your CV to Stephanie.hutton@mcclure-solicitors.co.uk
If you don’t update your Will you could lose a £70,000 Inheritance Tax break?
Yes it’s true. When it comes to Inheritance Tax, doing the right thing can actually be doing the wrong thing. The new Residence Nil Rate Band is a very useful extra Inheritance Tax allowance. Each spouse can get an extra allowance of up to £175,000 by the time it is fully rolled out in April 2020.
But there is a catch.
If the survivor leaves assets of over £2M, the allowance is reduced and can actually be lost altogether.
Here’s an example. Say we have a married couple with an estate of £1.5M each giving them a total of £3M. The husband dies and leaves everything to the widow. There is no IHT payable as the estate is surviving spouse exempt.
The widow then dies. As her estate is over the upper limit of £2.7M she loses the Residence Nil Rate Band altogether. So she loses the extra allowance of £175,000 and pays an extra £70,000 in Inheritance Tax.
The McClure solution is to change the Wills so that on the first death some of the estate goes directly to the children with the result that the survivor’s estate is below the threshold and the full Residence Nil Rate Band is available.
In other words having a standard Will in favour of each other can in some circumstances be very expensive.
So why not arrange a chat with one of our Consultants.
Just call 0800 852 1999 or email us at contactus@mcclure-solicitors.co.uk
Home visits are available.
McClure Solicitors in association with McClure Wealth Management