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Creating a will isn’t as simple as stating your wishes before you die. There is a process that can often be complex. Below, our infographic explains some of the things you should and shouldn’t do when creating a will.
A High Court judge has been praised for suggesting that people should have to make an advance statement of wishes otherwise known as a ‘living will’ in case said person suffers a serious incapacitating illness or injury.
Ever wondered what a Lasting Power of Attorney (LPA) is, or whether it is something you actually need? In this article, we at Thorneycroft Solicitors thought we would offer a helping hand to those of you interested in the subject.
So, what are Lasting Powers of Attorney?
The Office of the Public Guardian has admitted that fees charged for lasting powers of attorney have been too excessive in the past four years.
They revealed that fees charged were above that of the costs involved in processing an LPA application.
A woman has been awarded £30,000 from her father’s estate despite him expressing the fact that he had disowned his children in his will.
The daughter, who was one of three children was awarded the money from her father’s £240,000 estate under the Inheritance (Provision for Family and Dependants) Act 1975.
At Thorneycroft Solicitors, our expert team of Wills, trust and estate planning solicitors have earned a reputation for providing a caring and sympathetic approach to all your financial affairs. We understand the difficulties that can arise when writing a Will and disputed estates which is why our Wills solicitors take the time to understand your specific circumstances and the importance of safeguarding your financial security.
At Thorneycroft Solicitors, we offer a low cost fixed fee of £95 to help you draft a basic Will and will deliver clear proactive advice to meet your financial legal requirements. Our specialist team of Wills solicitors can also ensure your decisions are met regarding what happens to your assets and estate once you have died. Guiding you through the Wills and probate process our solicitors will work closely with you in order to provide innovate and tailored solutions for you and your loved ones.
Our specialist team of Wills and estate planning solicitors provides impartial and independent advice covering a range of Wills services including:
Our Wills and trusts solicitors can provide legal advice and expertise, guiding you through all aspects of making a Will, inheritance tax planning and estate planning. Putting your wishes and best interests first at all times is of utmost importance to our team.
We have put together an Estate Planning Checklist to help you plan for the future.
By making a Will, you can provide for a partner or spouse and eliminate the problems that can arise when no Will is left. It also allows you to choose how your property and possessions are dealt with in the event of your death and who you would like to execute your estate.
A Will also enables you to create a financial framework for your children that will ensure they are looked after until they are old enough to do this for themselves, as well as give direction as to who will look after them. There are other financial related benefits of making a Will such as charitable donations and tax liabilities that our expert team can help you plan for.
Without a Will the way is left open for issues such as family disputes, tax liabilities may be greater and your estate may not be divided in the way you had wished.
We recognise that these can be difficult and emotional experiences but we will help to ensure that you obtain the best legal advice in which to financially safeguard your future.
For more information and advice contact our team of Wills, trusts and estate planning solicitors today. If you would like to learn more about our probate services click here
Call us now on FREEPHONE 0800 1979 345, or complete our simple enquiry form.
We are pleased to confirm that we can now offer Standard Wills for £95 + VAT.
For more details please ring us on 0800 1979 345.
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