Making a Will is something which, perhaps understandably, tends to be put on the long finger. No matter the size or value of your assets, whether large or small, you should make a Will. Doing so gives you the say on what happens to your assets on your death. Careful tax planning could also save on the amount of Inheritance Tax which may have to be paid by those who benefit from your Will. Making a Will also allows you to appoint Trustees and Guardians in the event you and your spouse/partner die leaving a child or children under the age of 18. It also allows you make provision for a child with special needs.
The administration of a deceased person’s estate involves the identification of a deceased person’s assets and liabilities, the discharge of liabilities and the distribution of the balance of the estate in accordance with the terms of the Will (if there is one) or in accordance with the law (if there is no Will).
If you anticipate that you, or a member of your family, might become incapable of managing your affairs at some stage in the future (by reason of the onset of illness or whatever) you can put the necessary arrangements in place to have your affairs looked after – in the form of an Enduring Power of Attorney.
We can provide services in the following areas of probate law:
- Wills and Inheritance Tax.
- Probate and Administration Intestate.
- Powers of Attorney.
- Enduring Powers of Attorney.
- Administration of Trusts.
- Inheritance Tax Planning.
- Making your Will.
- Discretionary Trusts.
- Deed Poll.
- Wards of Court Applications.