Why Do I Need a Solicitor?
Why do I need a Will?
- To control who will take a share of your assets
- To protect some of your estate against nursing home fees
- To limit the amount of inheritance tax your estate pays
- To protect assets for children from a previous marriage
- To give your family clarity on certain issues, such as your funeral wishes
Why do I need a Lasting Power of Attorney (LPA)
- To give another person or persons (the attorney) authority to make certain decisions relating to health or finances on your behalf
- To allow you to choose who makes health and welfare decisions for you, rather than this being left to doctors or social services
- Having an LPA prevents relatives having to apply to the Court of Protection for an Order to manage finances, which can be costly and time consuming
Why do I want a Solicitor to deal with Probate?
- To ensure the estate is distributed to the correct beneficiaries, in accordance with the law
- To ensure that the correct income tax, capital gains tax and inheritance tax is paid
- To protect against claims by unknown or disappointed beneficiaries
- An executor is personally financially liable for mistakes and can hand over the responsibility and potential liability to a Solicitor