Wills & Lasting Powers of Attorney

A Will is absolutely essential in giving you the peace of mind that your affairs are in order when you die. In your Will you set down your precise wishes as to who should inherit your money, property, investments and personal possessions when you die. A correctly drafted Will can also help avoid complications and disputes after you die. If you don’t make a Will, under the Laws of Intestacy, your Estate may pass to persons you may not have wanted to inherit, or at worst, the Crown could inherit all your worldly possessions!

There are currently 850,000 people in the UK who are living with dementia. A Lasting Power of Attorney is a legal document that enables you to nominate a trusted individual or individuals, normally family members or close friends, to make decisions on your behalf about your money or health should you at some point in the future lack the capacity to make such decisions yourself.

If after you die, your surviving spouse or partner goes into long term care and the value of your home is in excess of £23,000, it means that 100% of the value is assessed as “available” to fund the cost. With a Protective Property Trust drafted in your Will, you can ensure that the value of your share of your home will pass to your loved ones after your death.

What is a Trust? A Trust is a legal arrangement to manage a person’s assets. Such assets that can be put in Trust includes cash, property and shares. There are many different types of Trusts that can be set up with different rules and benefits. Examples of Trusts are:Bare Trusts, Family Asset Protection Trusts and Discretionary Trusts.Why have a Trust? The main reason to have a Trust is to protect your asset and control who can gain access to it. Other reasons to have a Trust include helping with estate planning, asset protection and tax planning.

Wells Funeral Services work alongside My Probate Solicitors in order to offer Wills, Trusts and Lasting Powers of Attorney. We work on an advised basis, one of our team members will visit you in your home to talk through your requirements and take the relevant details required in order to draft your Wills or Powers of Attorney. From there My Probate Solicitors take over to prepare the drafts, we will go through the drafts to ensure they are correct before preparing the final documents and delivering them to you for signing. You can be confident in knowing that your documents are being prepared by a fully authorised solicitors practice. For more information please contact us.