People often put off planning for their future and the future of their estate because it is something they don't want to think about or they believe they can worry about it later. It's important to look after your loved ones by making sure that all the pieces are in place.
Our goal is to give you peace of mind, that whatever the future brings, your needs and those of your family will be taken care of. Our provide expert advice to guide you through the wills, trusts and probate process. We offer a friendly empathetic and professional service and the support you need to deal with all the practical and legal issues.
Howsons do not provide a will writing service but can assist you in deciding what to include in your will to minimise your exposure to Inheritance Tax and to ensure that your wishes are carried out after you have gone.
Why make a will?
There are many reasons why you might consider making a will:
- To ensure your assets are disposed of in accordance with your wishes
- To Control who benefits from your estate after your death
- To choose who will administer your estate, i.e. your executors
- To choose who will be guardians for your infant children
- As a tax planning exercise to minimise inheritance tax
- But most importantly of all, for peace of mind
Our team can offer the clear practical advice and empathetic support that you need to deal with all of the practical and legal issues involved in the handling of the estate of a loved one who has passed away. We:
- Guide you through the probate process and assist with everything from having the estate valued to completion of the inheritance tax forms and calculation of any inheritance tax payable.
- Help you to claim the appropriate tax reliefs to minimise any inheritance tax liabilty.
- Help you with obtaining of a grant of probate in a timely manner.
Our aim is to make the entire administrative process as simple and stress-free as possible.
Lasting Powers of Attorney
A lasting power of attorney (LPA) allows someone to make decisions on your behalf, should there be a time in your life when you lack mental capacity and are unable to make the decisions yourself. There are also other circumstances where a lasting power of attorney for property and/ or financial affairs may be used, even if you do not lack mental capacity.
There are two types of LPA:
- Property and financial affairs power of attorney which enables your attorney to look after your cash, investment shares and property.
- Health and welfare power of attorney which enables your attorney to make decisions regarding your care and living arrangements if you do lose mental capacity.
A lasting power of attorney enables you to make decisions about your future while you are still able to. You can choose up to four attorneys to make decisions on your behalf and can stipulate whether decisions are to be made independently or collectively.
- If you have any queries or would like to discuss your business needs with one of our team, please get in touch via telephone on 01782 848838 or email us by clicking the link below