Wills are the only way to ensure that your wishes are carried out after death. If you die without a will (intestate) the State decides what happens to your assets. A trust is like a safe. Within the safe are the instructions for administering the Trust. There are several different Trusts which can be incorporated into a Will.
Lasting Powers of Attorney deal with what happens should we become unable to take decisions for ourselves. LPA's need to be made whilst we are still fit, healthy and able to make decisions for ourselves. Lasting Powers of Attorney are not just for the elderley. Anybody can have an accident or become ill at anytime no matter their age. Act now and let the future take care of itself.
The majority of us want to ensure that our children or other loved ones benefit from a lifetime of hard work. Our estate can be attacked for a variety of reasons, Inheritance Tax, Care Home Fees and even changes in the family make up. In most cases this can be achieved by careful planning to protect your property and other wealth.
'Probate' is a term used when talking about applying for the right to deal with a deceased person's affairs. It is sometimes called 'administering the estate'. This can be a complex process depending on the size of the estate, the amount of Inheritance Tax due, the number of beneficiaries, etc. Storrs Wills and Estate Planning Consultants provide Probate and Professional Executor Services.