Saying farewell to 2016 feels important to many of us, in particular when looking at the number of celebrity deaths that occurred last year.
So treasure your family, and do something positive for 2017, make a Will, and/or complete Lasting Powers of Attorney.
Either of these documents should be a MUST to everyone. No-one should think that by considering these documents, it is tempting fate, but in fact, considering and completing such documents helps to keep your finances organised for either your executors or your attorneys to step in and protect your assets.
This document ensures that you financially provide for your loved ones, whether it is money or personal belongings. Do not assume that your loved ones will automatically receive these.
The Lasting Powers of Attorney:
These documents help you plan your health, your wellbeing and your financial affairs. Incapacity does not just affect the elderly, but can also result from illness or accident.
These documents can also help with the management of your business should anything befall a business owner.
Unfortunate accidents can happen to anyone. We would all like to think we are immortal but sadly that is not the case. Whether we are young or old, we should all consider the importance of completing Wills and Lasting Powers of Attorney.
For more information, please feel free to contact any member of our Wills Trust and Probate Department, on 02392 981000.
- 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
“If it had not been for the EPA I would have had real problems even discussing my mother’s affairs with banks, investment companies, government departments and care providers, much less paying her bills from her account.
“Being able to supply copies of the EPA to the various parties meant they would speak to me and act on my instructions. Without it I would have had to pursue a long, complicated and expensive legal process – at a very difficult time personally.
“I would absolutely recommend planning ahead and making an LPA. It could make a huge difference to your loved ones.”
"We have now received all of the information for the deputyship. We are delighted with the outcome. I would like to take the opportunity to say thank you for your work and support. It was a difficult thing for us due to the circumstances, but you made it easy and that really helped.
Thank you also for the settlement of the account, we are very grateful. I have friends who have Autistic children and adults I will recommend you in the future".