Wills and Probate - Making a Will and Planning for the Future
by: SamanthaRodgers
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making a will - and yet many people put this off, perhaps for emotional or
practical reasons.
You may think that delaying a will is sensible because you are unsure of your
future circumstances.
Or it may be that you do not think you are old enough to need to make a will.
And yet many people find that making a will gives them peace of mind and
allows them to get on with their lives without that nagging "What if?" question
at the back of their mind.
If you have to make a will in unforeseen circumstances, it can be difficult to
focus on what to do.
And if you are appointed executor of a family will, having to make important
decisions and apply for probate can be extremely stressful at a highly
emotional time if you do not have the support of a solicitor experienced in this
area.
Making a will or appointing an executor of a will is best done when there is no
need - simply because all emotion is removed from the process and you can
take your time to decide how you would like matters to be handled.
And you can always alter your will as your circumstances change.
It is also important that you obtain up-to-the-minute advice, especially
regarding inheritance tax and family law.
The circumstances surrounding making a will and probate law may also
involve one of the following services:
Living Wills - set out your wishes in case you should become incapacitated
Deputyships - appointing a representative to handle the affairs of those who
become unable to act for themselves through mental incapacity
Trusts - setting up a trust involves obtaining expert advice on complex tax
and inheritance laws (find out more in Simpson Millar's Trust Guide)
Financial Planning - manage your affairs so that you and your family
continue to enjoy your wealth, while making provision for any unforeseen
eventuality in the future
Probate - you may need advice on the implications of your own will for
beneficiaries or help with acting as an executor settling the estate of a family
member.
We have a dedicated team of solicitors specialising in areas of law
surrounding wills and probate. We can advise on:
Wills
Lasting powers of attorney
Living wills
Volume Will - Company Schemes
Court of Protection
Deputyships
Inheritance tax
Probate
Trusts
Elderly Legal Services
Going into a Care Home
We can advise you on making a will at any stage of your life - and
can also advise on planning ahead for your own retirement and future care.
Our team also offer an efficient, tailored, value-for-money service for wills
and probate matters.
In many areas, our wills and probate team of solicitors can also visit you in
your home - and we won't confuse matters with complex legal jargon.
Our specialists can advise you on:
choosing executors
appointing guardians for children
making gifts to family and friends
inheritance tax planning
creating trusts to protect vulnerable relatives
setting out your funeral wishes
donating to charity
how to avoid family disputes over wills
tax implications of giving personal belongings or jewellery.
We are a member of the charity Will Aid, which helps raise funds for
disadvantaged people in the UK and overseas. Find out more about this at
http://www.willaid.org.uk/.
About the Author
For more information on wills and probate or to find a wills and probate solicitor please contact an expert lawyer.
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