Legal Services in Croydon (Surrey)
297 Whitehorse Road
Finding the right advice when dealing with matters such as Wills, Trusts and Probate, is extremely important, especially when you consider the potential consequences of getting it wrong. Your estate passing to unintended beneficiaries, unnecessary or unexpected costs or even worse or your own family being disinherited, are just some of the potential risks. Lifecare Planning Solutions Ltd offer a friendly and efficient service advising on all matters relating to estate planning, such as Wills, Trusts, Lasting Powers of Attorney, Probate and Inheritance Tax Planning. All of our services are offered on a fixed fee basis, allowing you to make informed decisions before proceeding with any recommendations we may make, all of which will be bespoke to your circumstances. We have a team of advisers able to offer advice throughout the UK, either in the comfort of your own home or at a convenient location of your choosing. If you prefer to receive advice over the telephone, we also have a dedicated team of office based advisers able to assists with any enquiries and arrangements you may wish to make. The good news is that our initial advice is free of charge, so please do not hesitate to give us a call. We will be more than happy to help with your enquiry.
Making a Will is obviously very important and a very good place to start the planning process. While you may wish to keep things simple, making a Will does allow you to consider a number of important planning issues, some perhaps not immediately obvious. For instance:
Purchasing a funeral plan delivers peace of mind for you and your family when funeral planning. Thinking about purchasing a pre-paid plan can be an uncomfortable thing to do. But pre-planning your funeral is actually a thoughtful and responsible way to show that you care your family. Pre-planning and pre-paying at today's prices means you can choose the funeral you want and the director's fee for it are paid, no matter how prices rise in the future. Perhaps even more importantly, your family are spared the emotional and financial burden of organising your funeral, with all the decisions and problems this can entail, at a time when they least cope.
The loss of a friend or loved one can be a very stressful time with many people needing to be notified in the first few days. In addition to the immediate tasks you need to attend to, such as arranging the funeral, there is a lot of paperwork to be dealt with and official documents which need to be completed over the next few weeks. One of the duties you may have to undertake is applying for Probate. This can often be a complex and extremely time consuming process and needs attending to at a time when you may not feel able to perform this task. Our specialized Probate Team have a sympathetic and patient approach when dealing with bereaved relatives and will happily arrange a visit to discuss your requirements in the comfort of your own home. Unlike Solicitors and many other Legal companies who often charge an hourly rate, we can provide a Fixed Fee Probate Service, which is quoted in advance of any work being undertaken
There may come a time in your life when you are unable to manage your financial affairs or personal welfare, owing to some form of incapacity and you will need someone to act on your behalf. Even when we are young, we can find ourselves incapacitated owing to illness or injury and it can be invaluable having a reliable person, who is able to manage your personal affairs and remove the anxiety of having unpaid bills, at a time when you most need peace of mind. Similarly, as we get older, the need for an attorney increases as we are more prone to illness and injuries. By creating an Attorney in advance ensures that if the worst were to happen, you can rest assured that both your financial affairs and personal welfare are in safe hands. You can appoint a friend, relative, or a professional as your Attorney which allows them to act on your behalf. It is important that you choose who you would like to act on your behalf very carefully. You should choose people you can trust to act in your best interests, giving consideration to how they manage their own affairs.
Trusts have been instrumental in mitigating tax since medieval times. They were initially created for the Nobility and wealthy landowners to avoid paying tax to the crown. The introduction of Trusts led to a distinct loss of tax revenue and it did not take long for the first anti-avoidance statute to be introduced; by Henry VIII in 1535. Since then, there have been many changes to Trusts and their uses and equally to the Inland Revenue rules, which affect them. Nowadays, you don't have to be a wealthy landowner to want to take advantage of the many tax strategies trusts can provide. Many people now look to using them as a means of mitigating tax which would otherwise be payable. Trusts can also provide an effective means to protect your assets against a number of other potential risks. One of the benefits of writing a Will is that you can decide who you wish to receive your assets after your death. Many Wills are written such that assets are passed “absolutely" to your chosen beneficiary. This simply means that those assets will then belong to that beneficiary after your death. While this may obviously be the desired outcome, the opportunity to protect those assets for your chosen beneficiary can be lost. Passing assets “absolutely" to your beneficiaries, could mean those assets are at risk from Divorce, Re-Marriage after first death, Creditors / Bankruptcy or Long Term Care Costs, as well as adding value to their estate for potential Inheritance Tax. With the correct planning in place, it may be possible to protect your assets for your chosen beneficiaries against all of these risks, as well as protecting those assets for their children and their children.
Very simply, a Deed of Variation changes a Will after death and enables the beneficiaries of the deceased's estate to alter the distribution of that estate, or relinquish a bequest from an estate, by changing the deceased's Will. There are many reasons why it may be desirable to amend the Will of a deceased, or indeed an Intestacy.
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Monday to Friday: 9am - 5pm
Saturday to Sunday: Closed
The vast majority of people put off making a Will for a variety of reasons, either believing that the people they would wish to inherit will automatically do so, or because they don't think it is relevant to them at this particular time. The reality is that you can put off making a Will until it is too late and this poses all sorts of problems for the people left behind and could mean that some or all of your inheritance either goes to the wrong person or to the state. If you do not make a Will, the Rules of Intestacy will decide who will inherit your estate and by how much. This can sometimes lead to the wrong people inheriting your estate in some instances creating problems for your loved ones Without a Will: •You cannot be sure that those you would wish to inherit will actually do so •Your spouse/civil partner will not automatically inherit ALL of your estate •“Common Law" partners may not receive anything!! •Minor Children could be taken into care whilst Guardians are appointed •There could be lengthy delays for your beneficiaries and disputes