Dealing with estate planning can be a difficult task to undertake. We recognise these discussions can be uncomfortable, and offer pragmatic solutions as circumstances change and evolve.
Wills and Probate Expertise
Administration of estates & Grants of Probate. We frequently handle Grants of Probate and deal with the administration of estates of all sizes. Grants of Probate give authority to the Executors under a Will and enable the collection and distribution of assets to the beneficiaries.
Inheritance Tax Advice. We also provide Inheritance Tax advice, which is a necessary aspect when inheriting assets. It is prudent to seek trusted legal advice, especially when the cumulative value of assets are over the Inheritance Tax threshold of £325,000.
Wills. A Will is an important element that underpins all estate planning. Setting out how property is to be distributed is an important legal step, and requires careful consideration of circumstances. We also advise on reducing tax liabilities preserving assets.
Trusts. We also deal with other estate matters including the creation of Trusts. A Trust is required if trustees are to be designated to hold property for a particular purpose.
Lasting Powers of Attorney. Lasting Powers of Attorney (LPA's) and Deputyships both play a part in managing the affairs of people who can no longer make decisions for themselves. Where there is no LPA in place we can assist with making a deputyship application to the Court of Protection who will appoint a Deputy to make decisions.