WILLS & ESTATE PLANNING

Fixed-fee packages for will writing, estate planning and powers of attorney. Protect yourself and your love ones when the unexpected happens.  

Estate Planning is the process of re-evaluating an estate when circumstances in life change, such as:


  • Newly married couples or those divorcing
  • A change to the family’s asset pool
  • A change in working conditions such as the buying or selling of a business
  • Changes to superannuation, insurance policies or taxation levels
  • The establishment of discretionary trusts

Estate planning goes beyond drafting a Will – it includes:


  • The assessment of assets
  • The assessment of likely taxation on the estate
  • Advice regarding the possibility of claims made against the estate by third parties
  • The protection of assets

WHAT WE CAN OFFER:


We can offer fixed fee packages, that way you will have the peace of mind that your legal costs will not exceed your expectations. We will always aim to ensure full transparency of our fees so that these are easy to understand.  


Our No-Win No-Fee solicitors are committed to ensuring you get the maximum compensation you deserve.


A Damaged Based Agreement or No-Win No-Fee Agreement, means that you will not pay any legal fees if your compensation claim is unsuccessful. This is a risk free way of funding your claim.


Contact us today for a FREE initial consultation.  

WILL WRITING - THINGS TO CONSIDER

There is no one answer about how to do your Will. It all depends on your assets, your circumstances and who your beneficiaries will be.


You need to make a will that makes your wishes clear, that avoids confusion and conflict amongst your loved ones, and that is legally valid and binding. Doing this will protect your family and friends from costly and stressful legal disputes.


Who will be your Executors?


Your Executors have the legal and administrative task of sorting out your assets and debts after you die and making sure that your wishes as outlined in the Will are upheld.


Who will be your beneficiaries and what effect will their inheritance have on their circumstances?


You can designate anyone as a beneficiary and distribute your assets in any way you like, however if you don’t provide for your family and dependents, your will can be contested and your hard earned assets used on litigation fees.


You also should consider the effects that an inheritance may have on your beneficiaries. In some cases a testamentary trust can sidestep potential taxation problems, so it’s important that you get specific advice about your situation.


How do you know a Will is valid?


To be valid, the person making the Will must have mental capacity and fully understand their wishes, the Will must be correctly signed and witnessed, and show no evidence of tampering. The witnesses to the Will cannot be beneficiaries, or related to beneficiaries, and  they must be over the age of 18

.

If there is any doubt, or a potential for dispute as to your mental capacity, you should get confirmation from a Doctor confirming that you do have capacity to make the will and include that certificate of confirmation within your Will.


How often should I review my Will?


You should certainly review your Will after any major events, such as marriage, divorce, property purchase or sale, death of a beneficiary or if your assets change significantly. We also recommend that you take a look at your Will every couple of years just to make sure that it is still the best instrument for you and for your family.


HOW WE CAN HELP


We know the potential pitfalls, and will ask you all the right questions to make sure that you have considered every possibility. Our Wills Solicitor can advise you as to whether you would be best with a Will or a Testamentary Trust.


We can design your Will in such a way to help protect your family from expensive estate litigation after your death and we can safely store your Will securely.

What is an LPA?


A Lasting Power of Attorney (LPA) is a legal document whereby one person grants another person the authority to make legal and financial decisions on their behalf. There are different types of LPA for financial decisions and health care decisions.


Why would I need an LPA?


A Lasting Power for financial decisions can be used to allow someone to make decisions for you even while you still have mental capacity. These decisions may include such things as buying and selling property, investing money and paying bills.


A Lasting Power of Attorney for health is different in that it only comes into effect if you have lost the capacity to make decisions for yourself. It will allow someone you trust to make decisions such as where you live, your medical care, what you eat and what kind of activities you should take part in.


A Lasting Power of Attorney is only valid if you have not been put under pressure to create it, and if you have the mental capacity to understand the implications of the document.

HOW WE CAN HELP:
 

To arrange an appointment to talk over your situation with an experienced power of attorney solicitor in Wirral, please give us a call today.