Wills Trusts & Probate
Death is not something many of us care to think about, but there are few pieces of paperwork that are more important than a Will.
By keeping an up-to-date, legally binding Will you can be confident that your final wishes will be understood and that you will have made life simpler and more secure for the loved ones you leave behind.
So why do surveys show that up to two thirds of people in the UK die without leaving this straightforward document?
One common misconception is that ‘my partner will inherit automatically’ but this is not guaranteed and is plain wrong if you are neither married nor in a civil partnership.
This alone is an excellent reason to make or review your Will now – and there are plenty of others, from stating your wishes for the care of your children or pets to limiting inheritance tax liabilities.
For most people making a Will is a relatively straightforward and inexpensive process. Please put things in place before it is too late.
- Will drafting
- Review of existing Wills
- Advice re provision for children, second families, spouses and civil partners, unmarried partners and other family members
- Advice re charitable gifts
- Advice re foreign and business assets
- Advice re Will trusts
- Inheritance Tax advice.
- Advice re Trust creation and ongoing management
- Preparation of trust deeds and other trust documentation
- Declarations of Trust
- Termination of trusts.
Probate and Administration of Estates
- Advice re the terms of the Will or intestacy rules where there is no Will
- Obtaining values for the various assets and liabilities in the estate, notifying the various institutions and obtaining all necessary estate information
- Obtaining a grant of probate or letters of administration as appropriate
- Dealing with and advice re Inheritance Tax, Capital Gains Tax and Income Tax, liaising with HMRC
- Notifying and liaising with the beneficiaries of the estate
- Preparing a deed of variation or a deed of disclaimer in relation to the estate
- Selling or transferring the various assets due to the beneficiaries
- Dealing with foreign assets and Wills
- Advice re estate disputes and claims against an estate