Willls, Trusts & Probate Solicitors
Most people know that they need to plan for what happens to their money and assets after their death, but it can be difficult to know where to begin. Getting specialist legal advice from an experienced wills, trusts and probate lawyer can give you the clarity you need to plan for all eventualities in the future.
Our specialist team advises clients in different languages on a wide range of legal matters. Call them on 0208 1111 911 or contact them through the website to discuss your circumstances with them.
Our Wills, Trusts and Probate specialists can help you with:
- Wills, including Will Writing, Will Storage & Retrieval, Wills for Business Owners and Contesting a Will
- Trusts and Trust Disputes
- Lasting Powers of Attorney
- Probate & Estates Administration including Contentious Probate
- International Wills, Trusts & Probate
What do I need to consider when it comes to distributing my assets after my death?
Even with a relatively small family and estate, there are many options for how to distribute your assets. A simple, straightforward will may seem like the obvious option but may not be the most tax-efficient way for your beneficiaries.
Trusts can help you distribute your assets over a period of time, rather than all at once, which can help reduce the amount of inheritance tax your beneficiaries pay. It also gives you more control over how much money they receive at each stage of their life.
For example, children can’t inherit money until they are 18, so you will typically need a trust if they are to inherit directly from you. With a trust in place, you can actually specify a higher age such as 21 and also stage payments over a number of years to reduce their inheritance tax.
You may also benefit from creating a Lasting Power of Attorney (LPA). If in later life, you start to lose mental capacity to make decisions, a valid LPA allows your nominated people to make decisions on your behalf. This can cover financial decisions, or decisions relating to your health and care, or both. By creating one now – while you still have mental capacity – you would have the peace of mind of knowing it is in place for the future.
There is a lot to consider when it comes to Wills, Trusts & Probate, but we can guide you through this process to make it simple for you to know that your wishes will be carried out after your death. Call us on 0208 1111 911 or contact us through the website and we’ll be happy to help you.
What other legal services might I need?
If your estate contains properties and your beneficiaries need legal support with transferring the ownership or selling them, our Residential Conveyancing specialists can help them with this.
How do I get advice on Wills, Trusts and Probate?
Call us on 0208 1111 911 or contact us through the website and we’ll discuss your circumstances with you. Then we can set up a time for a more detailed conversation about your assets and finances and also your beneficiaries. The initial call is free and we’ll advise you of our fees before you decide to instruct us.