Wills & Estates
Administration of Estates including Deeds of Variation
We know that dealing with the assets and possessions of a person who has died can be a daunting prospect at a distressing time and not something that an Executor or a next of kin necessarily wants to address alone.
Our specialist knowledge of dealing with the administration of estates, no matter how large or small, means we conduct ourselves with sensitivity, a sympathetic ear and professionalism
When we are engaged in such situations, we can either deal with every detail of the administration process for you or will work alongside you, agreeing who undertakes what steps along the way, never excluding you.
Whether it be knowing whether or not a Grant of Probate is required, identifying assets and liabilities of the estate, dealing with an Income Tax return, dealing with any Inheritance Tax calculation and payment of the same from estate assets, advising on the “spouse exemption”, liaising with a Broker over the sale of shares, locating and dealing with Beneficiaries, advising on potential claims by creditors and claimants under the Inheritance (Provision for Family and Dependants) Act 1975, we will advise you every step of the way.
Not many people are aware of Deeds of Variation. These are a useful tool that can be used to vary a Will or intestacy to suit specific circumstances. If executed within two years of the date of death, they can mitigate tax liability to the benefit of Beneficiaries.
Making a Will
Life is full of twists and turns and none of us can be sure what the future holds. That’s why making a will is a very sensible step. As more and more people realise the importance of making a will, it’s no longer seen as something just for the elderly or ill but simply part of sound financial planning for any family or individual.
With a will in place you can relax safe in the knowledge that your wishes will be carried out should anything happen to you. Making a will now can also avoid legal problems arising for your family in the future. Often people assume that their money and possessions will automatically pass to their partners or children – but without a will, this isn’t always the case.
Making a will means that you are able to decide yourself what will happen when you die. Your estate will then be dealt with in accordance with your own wishes rather than in accordance with the law.
There are many good reasons to make a will:
- To make sure your loved ones are provided for
- To make sure your wishes are clear and to try and avoid any arguments
- To avoid leaving problems for those who are left behind
- To appoint guardians for young children
- If you are not married or civil partners then you can make sure that your partner is provided for
- Wills can also help with tax planning
- To choose executors to carry out your wishes
Our friendly approach means we will take the time to be available to listen to your situation. We ensure that you will always be given clear and understandable advice. We will ensure that your Will clearly reflects your wishes and intentions. We will give the best possible advice so that your family are not left with any difficult decisions or problems when the time arrives.
We realise that people do not like to think about death but preparing a properly constructed Will means that your loved ones do not have the additional burdens of a complicated probate when things go wrong.
We can help with:
- Administration of Estates
- Court of Protection Matters
- Lasting and General Powers of Attorney
- General Asset Protection
- Making of Wills and general advice
- Property Trusts for Unmarried Couples
- Protection of Elderly Client’s Assets
- Tax Planning
- Home and Hospital Visits available