More than 60% of UK adults do not have a Will and even though most will have considered making a Will many simply just do not get around to doing so. Some people find the prospect daunting, for others its something they’d rather not think about.
However, a few things you should consider:
· If you are single, your estate could be left to your friends, family or a charity of your choice.
· If you’re not married, you would be wrong to believe your Partner would automatically inherit your estate.
· If your spouse re-marries, children you have together could be literally left out in the cold and a new family inherit what your children should have received.
· If you have children under 18 and you don’t appoint guardians to take care of them, a court may have to make decisions about where and with whom they live. They may even be taken into care whilst the court decides.
Protect your assets. reduce Inheritance Tax and provide peace of mind for yourself and your loved ones.
You should appoint someone or people you trust to make decisions about your health and welfare, property and finances if you are unable to make those decisions yourself.
Often associated with old age or Dementia, a Lasting power of Attorney (LPA) is a legal device which allows you to appoint people you trust to make decisions for you.
Just like making a Will and LPA is a plan for the future which you put in place to help you if you are incapacitated by serious Illnesses such as stroke or accident, but it must be made whilst you still have mental capacity. Once you lose mental capacity you cannot appoint anyone to act for you. Your representatives must then apply to the Court of Protection for permission to handle the simplest of your affairs a process which can be lengthy and expensive.
Let us help you complete the documents you will need to make sure the people you trust are able to make those vital decisions for you.
We can visit you at home if necessary at a time convenient for you and guide you through the process.
It is true that you are not bound to use the services of a solicitor to handle the probate process for you – you can do it yourself if you have the time and patience. However, we know that for most of us, dealing with the loss of a loved one is stressful enough without having to consider issues of inheritance tax, paying bills, valuing the estate and the myriad of matters which must be dealt with when someone dies.
A Grant of probate will determine who has the right to deal with your estate. We can take away some of those concerns by assisting you with the application process yourself or doing the whole thing on your behalf.
We will agree a fixed fee for our services to avoid any expensive and unnecessary costs.
Single Wills £220
Mirror Wills £280
(Married couple, Civil Partner or unmarried couple)
Complicated Wills £1000
(multiple beneficiaries, Trusts, Inheritance Tax, Business Interests –
We will advise you at our first meeting whether your Will is likely to be complicated)
Property & Financial Affairs LPA £350
Health & Welfare LPA £350
(both taken together – single person) £650
(both taken together (4) –couple) £1200
Registration Fee per LPA £82
0.8% of Estate Value subject to a minimum charge of £3,000.