Will's, LPA's and Trusts
Will's, LPA's and Trusts
It’s not difficult so do your family a favour and put your affairs in order before it's too late; even if you don’t think you need to or you feel uncomfortable about taking this step.
Will's
Not having a Will lengthens the whole probate process, which means that your loved ones wait much longer for any inheritance.
That’s if they get their inheritance as without a will, you lose control of who will inherit your assets when you die; which can result in costly legal disputes.
If you have any dependents you need to appoint guardians and make provision.
The benefits will far outweigh any effort you expend.
We will be delighted to arrange a Will for you.
Lasting Power Of Attorney
Lasting Power of Attorney (LPA) allows your chosen family or friends to act on your behalf if you lose mental capacity.
There are two main types of LPA Health and Welfare and Property and Financial Affairs.
It is important to put an LPA in place as without it a stranger could apply to the courts to fulfill this role, like a care home, which will exclude your family from this important decisions about your well-being and affairs.
You must put your LPA in place before you lose mental capacity. It's better to have and not need rather than need and not have.
A solicitor will charge a few hundred pounds to arrange an LPA for you. If your family and friends have to apply to court it can cost a few thousand pounds and take several months to put in place.
Professional advice will identify the type best suited to your specific needs.
We will be delighted to arrange a Lasting Power of Attorney for you.
Trusts
Trusts are tax-efficient, flexible and can help protect your assets, including money, property and investments.
Your assets will be passed on to the next generation or used for a specified purpose.
Your assets will be managed in a way that is in the best interests of those you want to benefit from them.
Trusts can have many benefits from preventing sideways disinheritance to excluding a potential beneficiary from your estate.
You should seek professional advice as Trusts are generally complex legal documents.
We will be delighted to arrange a Trust for you.
These products are not regulated by the Financial Conduct Authority
