Estate planning allows you to prepare documentation in relation to your assets and how your estate will be divided on your death. Having a carefully considered plan can ensure your assets – such as your property, jewellery or money – are dealt with according to your wishes, as well as provide much-needed comfort to your family at a difficult and emotional time.
Solomons Solicitors are a well-established law firm with years of experience in helping with estate planning. As an active member of Solicitors for the Elderly, our friendly lawyers can utilise their legal expertise to ensure your documentation is valid and will not be questioned in the future.
Contact us on 01202 802807 or fill in our online contact form to find out how we can help you execute your estate planning today.
Writing a will is a key part of planning for your future. Put simply, a will provides clear instructions on how you wish your assets to be distributed among your loved ones after you have passed away.
If you are considering writing your will, it is essential that it meets specific criteria. Otherwise, it will not be valid or enforceable. Our Wills and Estate Planning solicitors will ensure that the legalities of your will are met, minimising any risk of its contents being challenged after your death. You should also contact your lawyer when you think any change in circumstances could affect your existing will, for example when you have a child or grandchild, buy a new property, marry or divorce. Changes to your will can be made by adding new documents to it, called codicils, saving the effort of having to create an entirely new will.
Dying without a will (known as dying intestate), can cause innumerable problems and create unnecessary stress for family members already grieving your loss. There are a set of legal rules, known as the intestacy rules, that decide how your assets will be distributed on your death. They are standard and do not take into account your particular family situation or your wishes. By having a clear, unambiguous will in place, you will protect your loved ones from the pressure and anxiety of managing your affairs and having to guess what you wanted.
While estate planning is typically associated with writing a will, there are other areas which can help protect your future and that of your family. Whether you are looking to safeguard your assets, or want to minimise the inheritance tax liable on your estate, Solomons Solicitors can ensure that your loved ones receive the full benefit of your estate. Our estate planning lawyers can support you with setting up and administering trusts or creating a Lasting Power of Attorney.
We are also available for those currently dealing with the estate of a loved one, and offer a highly professional probate service.