Wills, Trusts and Probate
Making a will is the best way to ensure your assets, money and personal belongings go to the people you want them to.
Many people put off making wills. People assume that their estate will automatically pass in full to their partner or spouse. Without a will the law decides who inherits.
You may think a will is too expensive or that you have insufficient assets to make having a will worthwhile.
The benefits of making a will are:-
- Peace of mind that your loved ones receive what you want them to receive
- Ensure your children inherit even if your spouse re-marries
- Being able to take steps to reduce Inheritance Tax
- The ability to appoint a guardian to care for your children
Probate and Estate Administration
To collect assets, sell property and distribute an estate you will usually need to obtain a Grant of Probate.
The Grant of Probate confirms that the executor (appointed in the will) or the administrator if there is no will, has the authority to deal with the estate.
If the deceased has assets in excess of £5,000 then you will need to obtain a Grant of Probate or Letters of Administration as these are required by most financial institutions as proof that you have the authority to deal with the estate.
We appreciate what a difficult time this is. We have a friendly approachable team who will put you at ease, guide you through what can often be a complicated process and make dealing with an Estate as stress-free as possible for you.
We can notify organisations of the death on your behalf, collate details of assets and liabilities, prepare inheritance tax accounts, apply for grants of representation, collect in assets, deal with the sale of property locate missing beneficiaries and finalise Estate Accounts.
We can also advise you on becoming a Trustee, help you administer a Trust, help you with Trust Accounts and dealing with Trust beneficiaries.
We can tailor our services to your specific needs and are happy to discuss with you your specific requirements.