Administration of Estates
Powers of Attorney and Court of Protection work
A will is the instrument by which you can ensure that your assets go to the right people and that the provision for your partner or spouse, children and other family members accords with your wishes. It can also help in reducing any potential inheritance tax liability.
If a person dies without leaving a valid will, their estate passes in accordance with the Intestacy Rules which were established by Act of Parliament. In certain cases the effect of the Rules is that a person's property may not pass to the people they would wish to benefit. For example a spouse does not automatically inherit everything from their husband/wife. In the case of an unmarried person, the estate may pass to distant or even unknown relatives. A second marriage can also complicate matters. In all cases a properly prepared will ensures that your wishes are achieved.
Set out funeral arrangements
Appoint an executor - the person responsible for the administration of your estate
Create a trust for children or other family members
Appoint a guardians for your children
If your circumstances change, we can also advise you on updating your will.
If you own and run a business we can advise on issues such as succession, transferring shares and assets, and help you to plan the most tax-efficient strategy.
We deal with estates of all sizes and can act for you in obtaining probate (if there is a will) or letters of administration (if there is not), collecting in assets, paying liabilities and distributing the estate according to the terms of the will or the Intestacy Rules.
If you wish to plan ahead for a time when you might not be able to manage your own financial affairs then we can prepare a Lasting Power of Attorney. We can also deal with specialist powers of attorney which may be required in certain circumstances.
The Court exists to protect the property of people under a mental disability and will appoint a receiver to manage their affairs. We can make applications on behalf of other family members.
15 Buxton Old Road
01663 765 511
Give us a call today for further information on our services.