SERVICES PROVIDED

Take a look at the services provided below. All clients/potential clients are entitled to a free consultation with any work then instructed being carried out on a set fee basis. Varying due to complexity of each case.

Why make a Will?

 

The truth is many people put off making a valid Will until it is too late. By having no Will in place it means that your estate is distributed according to laws of intestacy which can cause all sorts of problems for your beneficiaries. People who you wished to inherit part of your estate may not at all and others you wished not to inherit may have a claim. Worse still the state may end up with it all!!

Will Services & Estate Planning                                         (£49+)

Many people find thinking about a Will means that something drastic may happen. Therefore a lot of people find one of these common excuses a reason not to make their Will and then find they leave their loved ones with potential problems.

 

  • “I’ve got nothing to leave”

  • “even if we have there won’t be a problem, and if there is they can sort it out themselves”

  • “It’s too morbid to think about now”

  • “I can’t be bothered”

  • “I haven’t got the time, I’ll get round to it one day”

  • “I am too young to make a Will, and I don’t need a will anyway!”

 

IF YOU ARE HAPPY TO LEAVE IT TO CHANCE, AND TAKE THE RISK THEN YOUR FAMILY MAY LIVE TO REGRET IT!!

But the TAXMAN will be extremely grateful for your generous gift to the state!!

 

Just look at the facts why YOU should make your Will NOW!!

FACT: Your spouse will NOT necessarily inherit everything you own!

FACT: If you are NOT married your partner could receive NOTHING!

FACT: If you or your spouse remarries, the new partner may inherit everything, YOUR children may get NOTHING!!

FACT: If you have children and haven't appointed guardians legally a judge may decide (if you haven’t) who will look after YOUR children!

FACT: Inadequate tax planning could mean the TAXMAN receives 40% of your assets that YOUR family should have!

FACT:  Your home is unprotected without a Will!

 

Can you afford to leave your dependents and loved ones unprotected in such a difficult time? Of course you CAN’T!!

 

Our fully professional Will drafting service will deal with all of these issues and many more that arise from not having a valid Will. Call us now to arrange a FREE private consultation

 

Estate Planning

 

Estate Planning is really just an extention of your Will, on top of putting your affairs in order we can by using certain tools available to us protect against more specialist issues such as....

 

  • Inheritance Tax

  • Bloodline Planning

  • Home being used to pay for long term care fees

  • Remarriage and the potential loss of inheritance for your children/benificiaries

  • Loss of assets by immature dependents

  • Divorce proceedings taking childrens inheritance

  • Many other issues........

 

The problem is by leaving your assets directly to one person(s) they have "absolute" right to do with that asset as they please immediatley and can cause issues with inheritance tax calculations, future divorce/marriage or even care home fees.

However, Estate planning usually involves the use of different types of trust varying depending on the value or type of the issue presented. This allows us to ensure the right person(s) recieve the right assets at the right time and that they/you are as fully prepared as they can be for the potential situations that can arise. 

 

The chances are this is probably new to you but don't worry by booking a free consultation we will cut through all the jargon and explain what the different options are and how they can work best for you. FILL IN OUR FREE CONSULTATION FORM TO GET STARTED NOW!

The PROPERTY PROTECTIVE TRUST  is just one example of a trust that we use. It allows us to protect a minimum of one half of your property against issues such as care home fees. It also allows your spouse to remain in the property and have an interest in it without them actually owning it. It also protects them if they get remarried and means they cant squander your half of the property instead it is held for your chosen beneficiaries so there is no chance of them being disinherited.

 

The trust is also flexible enough for the house to be sold if your spouse needed to move after your death however your half of the property is still held in trust for your beneficiaries. This is particularly useful if you have children from previous marriages.

Power Of Attorney

One in three over-65s develop dementia. Yet don't assume relatives can just walk into a bank and access your money, even if it is to pay for your care.

Unless you've a Power of Attorney already, loved ones need to apply through court, which can be long and costly.

 

Thinking and talking about what would happen if our faculties deserted us is uncomfortable. Yet it's important to consider how much worse the situation would be if you had a stroke, serious accident or dementia (eg, Alzheimer's) without sorting it first.

If someone has difficulties that mean they can't make decisions anymore, they will need help managing their finances. Lasting Power of Attorney (LPA) is a legal document where someone (while they still have mental capacity) nominates a trusted friend or relative to look after their affairs if they lost capacity. The key point to remember ...

Don't think you suddenly give up control. You can choose whether it can be used either before, or only when, you lose mental capacity.

Your representative should only ever make a choice for you if you're unable to make that specific decision at the time it needs to be made. For example, if you fall into a coma, your representative would start looking after your affairs. Yet if you wake from the coma, you should be able to make your own decisions again.

There are two types of LPA: one for finance and property and another for health and welfare. The processes are similar for both. A key difference though is the health and welfare one can only be used after the person loses capacity, not before.

Other Services

· Comprehensive Will Writing

· Will Amendments & Reviews

· Home Visits

· Hospital & Care Home Visits

· Powers of Attorney

· Inheritance Tax Planning

· Business Wills

· Property Protective Trusts

· Partnership Agreements

· Share Agreements

· Business Trusts

· Guaranteed Funeral Plans

· Flexible Family Trusts

· Probate Services

· Will Safe Storage

· Property Devise

· Advanced Directives

· Executorship Services

· Cohabitation Agreements

· Plus many other services……...

Visit

 

PRIMARILY A HOME VISIT SERVICE

 

Nigel Way

Trimley St Martin

Felixstowe

IP11 0UR 

Call

07792 423265

01394 200991

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iMS Wills & Estate Planning.

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