Having a Will ensures that you choose who will benefit from your wealth rather than leaving this to the law. The Intestacy Rules which govern the distribution of estates in circumstances where the deceased did not leave a Will could produce an unwanted outcome. Take control of your estate and prepare a Will that distributes your assets exactly as you want.
Our team can advise you on minimising your Inheritance Tax liability with careful lifetime planning and with the preparation of a Will that ensures any exemptions and reliefs are utilised to yours and your beneficiaries advantage.
In particular the introduction of the Residence Nil Rate Band in April 2017 creates an additional tax free allowance which could be utilised against your home. By 2021 the Residence Nil Rate Band could add £175,000.00 to your tax free allowance. If you do not have a Will or your Will was prepared before the introduction of the Residence Nil Rate Band we can assist you with assessing your eligibility and thereafter in drafting a Will to take advantage of the new nil rate band.
Probate - the administration of Estates
When someone has died, whether or not there is a Will we can assist the executors in dealing with the estate - ensuring that the loved one's estate is administered efficiently and with skill and experience. We are experienced in dealing with all sizes of estates from complex multimillion pound estates to estates comprising principally of the family home. We can deal will all aspects of the administration including:
- Submitting Inheritance Tax returns;
- Obtaining a Grant of Probate or Letters of Administration
- Dealing with pensions, shareholdings and investments;
- Settling liabilities;
- Preparing estate accounts
- Final distribution of assets
Our team can make the process as stress fee and as quick as possible.
We can advise on post death variations of the estate to distribute the assets in the most tax efficient way.
Sadly, disputes do sometimes arise when someone dies. Sometimes the validity of the Will is in question or dependents wish to challenge the provision made for them. We have the depth of knowledge and experience to deal effectively with these cases and achieve the best outcome.
Lasting Powers of Attorney
A Lasting Power of Attorney authorises someone to manage your affairs when you are no longer able to do so yourself.
We can assist you with preparing and registering Lasting Powers of Attorney for both Health & Welfare and Property & Financial Affairs with the Office of the Public Guardian. Having Lasting Power of Attorney in place means that you have piece of mind that a trusted person of your choice will manage your affairs for you if needed.
We are happy to visit you at your home to make the process that much easier.
Court of Protection
We can assist you with all types of application to the Court of Protection. Whether you wish to be appointed as a Deputy, apply to make a one-off decision or make a statutory Will our experienced team can assist.
We can also assist you with the drafting of Declarations of Trusts, Living Wills, Trusts Deeds and much more.
If you have any queries do contact a member of the Private Client team on 0207 613 7136.