Wills, Trusts & Legacy Planning
It is difficult to understand the importance of writing a will until it is too late. It is always postponed for a whole host of reasons, from people thinking they are too young or the understanding that inheritance is automatically given correctly without a will.
Give yourself peace of mind by first of all, getting a will written and keeping that will up-to-date. With any changes that life brings, your will should be revised.
We can advise on the simplest of Will writing to the most complex Estate. We can help with anything to suit your needs, ensuring you are leaving your loved ones with a solid plan.
Power of Attorney
Having a power of attorney is just as important as having a will. A lasting power of attorney (LPA) is a legal document in which you appoint one or more people to make decisions on your behalf, on the basis that you lack the mental capacity to make your own decisions in the future.
Who would you like to manage your affairs if you were unable?
A lasting power of attorney can only be made if you still have mental capacity. Therefore, it is better to have one than to not have one. Once you have lost mental capacity is can be very costly and timely for your family to gain power of attorney as it will have to go through the courts.
- Health and Welfare
This allows your chosen attorney to make decisions in your best interest, such as medical care and potential homing.
- Property and Finance
This type of power of attorney is very important for those with joint assets, as this allows the chosen attorney to make financial decisions.
Estate planning is the safeguarding of your assets for the future. Through professional Estate planning you can minimise your tax burden avoid court involvement.
If you don’t have clear plans for your Estate, your heirs may inherit more than they bargained for. It could leave tax bills, debts and fights over how your assets should be divided. Estate planning doesn’t have to be complex, with a clear and simple plan in place you could avoid unnecessary stress for your beneficiaries.
We will look at your Estate as a whole and at your individual circumstances to assess the right strategy for your unique situation. Our Estate planning team will provide the right solutions to help protect your assets as well as your loved ones.
Personal Debt Resolution
Are you or do you know someone struggling with debts? Many people face financial difficulties at some point in their life.
Debt resolution assists in settling your debts through a strategy in which the lump sum of the debt or bills are paid, then a monthly plan is created to pay off the lump sum.
Our team will ensure your debt and personal circumstances are taken into account before any strategies are put in place.
Some people see pre-nuptial agreements as negative and unromantic, and the majority of people don’t go into a marriage thinking it will break-down. But the reality is 44% of marriages ends in divorce.
Even though an agreement isn’t an attractive measure to take when deciding to get married, if the worst were to happen and the marriage is to break down it can save time and money.
Having a professional pre-nuptial agreement in place is vital as the agreements aren’t legally enforceable in England and Wales at the moment. However, if it is professionally written by an expert, it can be upheld because the contents will be reasonable and run alongside legislation.