During your lifetime there are a number of critical documents which you and family members may need to prepare. They ensure that your assets are protected and are used for the purpose and by the people they were intended for.

Superb personal, yet professional, service from Wellers when we needed a Lasting Power of Attorney for my elderly father. Thoughtful and sensitive follow up after he died. I recommend Wellers Law Group.

In preparing a Will, trust, a Lasting Power of Attorney or obtaining a Grant of Probate you will want to know that you have a fully qualified solicitor working on your behalf. We often see how costly, time-consuming and emotionally exhausting it is be when things go wrong, as what initially seemed to be simple issue often hid unexpected complexities.

At Wellers your solicitor will take the time to meet you face to face to fully understand your circumstances and use their deep knowledge experience to spot and solve potential problems before they materialise. Peace of mind is something that is hard to place a value on.

In particular our private client team will be able to advise on inheritance tax and assist you with income tax and capital gains tax issues. We can also help you complete your self-assessment tax return and ensure that all of the appropriate exemptions and reliefs have been claimed for you.

I was met with professionalism but also warmth and support. So helpful and understanding.

 

Here are just some of the things we can help you with:

  • Making a Will: If you already have a Will, you should now consider how your future circumstances might change your previous choices and priorities for your loved ones and dependants. If you have no Will, the rules of intestacy apply and they are blind to your wishes as to who should share in your estate. Now is the time to take steps to protect the interests of those you care about.
  • Lasting Power of Attorney: A Lasting Power of Attorney makes it possible to appoint a person of your own choosing to administer your affairs in the event of mental incapacity. Remember mental incapacity can affect not only the elderly – premature dementia or an accident can have the same effect.
  • Living Wills: A Living Will can record your wishes, with respect to certain medical procedures that are/are not to be employed on loss of mental capacity (“advanced directive”). Alternatively, a Living Will can record your beliefs on such procedures for the family to consider should a difficult decision with regard to your health have to be made.
  • Inheritance Tax planning: When trying to minimise the Inheritance Tax payable on your estate by your beneficiaries, there are many different options, depending on the circumstances. Subject to your particular situation, the size of your estate and various other factors, we can provide you with a list of options and their pros and cons.
  • Trusts: A trust is a fund which contains assets that are controlled by you and/or a nominated third party for the benefit of others. They are governed by complex legal regulations and separate tax rules. A trust can be set up at any time during the lifetime of an individual, to become operative immediately or, not until your death. Find out more about what a trust can do for you.
  • Guardians: If you have young children, you should consider appointing guardians to take care of them if you die while they are still young. Even if you have ‘god parents’ we all know that the choice of god parent is sometimes an emotional decision made at a specific time. This is usually done whilst making your Will.
  • Deed of Variation: A Deed of Variation can be used to enable the terms of a Will to be varied after the death of the person concerned. This can be put in place within 2 years of the death and can be a useful tool in tax planning.
  • Office of the Public Guardian: When someone loses mental capacity to deal with their affairs a Deputy can be appointed to act on their behalf. We can either act as Deputy or guide you through the application process and ongoing management and accounting.
  • Grant of Probate: A grant of Probate is required in order release the assets of an estate. This involves collecting any assets such as property and investments and settling any debts and taxes due. We can undertake the complete administrative process or we are able to undertake specific complex tasks to assist you.

 

 Please call us for further advice on 020 8464 4242 or email enquiries@wellerslawgroup.com to talk to one of our team of solicitors.