4willsandprobate are able to assist with the full range of Wills, Probate and associated services. We strive to offer our clients expert regulated advice (we are regulated by the Solicitors Regulation Authority), transparent pricing which unburdens our clients when dealing with these sensitive affairs. We aim to make our service as convenient to the client as possible and as a result we have clients nationwide, utilising the service offering that best meets their needs. Our services include:
We can prepare any type of will. These may be relatively straightforward wills for single persons, married couples or single parents wishing, for example, to appoint guardians for children under a will. Wills can be drafted with complex family situations where, for example, step-families are involved, to ensure fairness for all. Wills can also be used to protect the family home from being sold to pay nursing home fees. Alternatively, we also have the experience and capability to prepare more complex wills, dealing with issues of tax planning for high net-worth individuals.
Inheritance tax was once viewed as a tax on the wealthy. However, rising house prices in recent years have led more and more people to become concerned over the possible implications of inheritance tax. Anyone with total assets - including property, jewellery, savings etc - worth more than £325,000 will be subject to 40% tax, and there is no upper limit on the value of your estate that can be taxed. Inheritance tax has to be settled before your assets can be paid out to your beneficiaries, which means that your estate effectively bears the tax. If you are concerned that inheritance tax may apply to your estate, we can provide advice on how to increase your tax efficiency and minimise the impact for your family and other beneficiaries.
When a close member of the family dies, it can be difficult to sort out his or her financial affairs. We handle matters sympathetically and efficiently. We are happy to take all the worry from the executors or next-of-kin and administer the full estate. Alternatively, we can just obtain the grant of probate so that the executors can complete the administration themselves.
We work on behalf of persons who are unable to manage their financial affairs and property because of mental incapacity through injury or disability. We are able to act as independent receivers and attorneys if there is no family member able to take the burden. We are regularly involved in the preparation of lasting powers of attorney for clients, appointing family members to act as attorneys to assist with the financial affairs and property of, for instance, elderly relatives who are having difficulty managing their own affairs. This is a complex area of law and requires specialist legal help.
Property is an area subject to changing government regulations - particularly affecting nursing home fees and inheritance tax. There can be a number of significant implications when giving property away. We advise clients about deeds of gift, which we can prepare and register on your behalf at the land registry.
We can provide advice on deeds of trust and settlements, particularly those resulting from accident compensation claims.