Will writing services
Whatever your time of life, wealth or marital situation, writing a will is incredibly important. People often assume that their partner, children or grandchildren will automatically inherit their estate when they die – but this is not always the case.
Things get a bit more complicated if there has been a divorce in the family and if you are not married or in a civil partnership, your partner may not end up with anything unless you make a will.
Also, dying without a will can lead to long and distressing delays in the administration of your estate, with your wishes potentially not being carried out. If executors have not been named, then a family member or other interested person would have to petition the Court, to administer the estate. We can advise on all aspects of making or changing a will.
After all, whilst making a will is a vital job, it is often the case that Wills need reviewing. We ensure that you are reminded that your Will is kept up to date, making sure your wishes as they are now, are being taken into consideration and rejected.
Also, the laws surrounding circumstances when the deceased has no will, known as the laws of intestacy do not automatically take into account partners. So, having a will ensures that your partner will be provided for after your death.
It may also be the case that you are considering contesting a will. This is another area where our highly experienced, expert team will provide an efficient, informed and comprehensive service to you.
Trusts and estate planning
Closely related to wills are trusts and estate planning.
In layman’s terms, a trust is a formal arrangement in which trusted individuals or trust corporations hold and manage assets on behalf of certain individuals. They are used to transfer ownership of assets but not make it an outright unconditional gift. Assets are put into trust for a beneficiary’s life, or sometimes until they reach a certain age.
A trust can be formed for many different reasons and many times. For example, we are sometimes approached by clients who wish to make provisions for family members but do not want to give them assets outright due to circumstances in their family.
Such action makes good sense for protecting wealth earned through a lifetime, and we provide an easy to understand and personal service to help you plan and safeguard your financial security.
Our team of solicitors have specialist knowledge in all areas of trusts and other forms of estate planning to suit your particular circumstances and we focus on innovative solutions to ensure it suits your requirements and needs in the most tax efficient format.
The possible effects of Capital Gains tax and Inheritance Tax are taken into consideration.
There may be many avenues advisable for your needs, and with Michael Sandler, our Senior Partner, having practised within this specialism for over 40 years he has a wealth of knowledge, which makes him one of the region’s most respected experts in this area of law.
Please contact our team at Keoghs, Nicholls, Lindsell and Harris LLP today and one of our friendly experts will be happy to help.
For information on our costs of Wills, Lasting Powers of Attorney and Advance Decisions, please click here.