- Family Asset Trusts
- Prepaid Probate
- Lasting Powers of Attorney
- Funeral Plans
- Business Lasting Powers of Attorney
If you are looking for any of these consumer legal and financial products and you would like a meeting with one of our consultants in the comfort of your own home please complete the online form.
You can also call or email us for more info or request an information pack by clicking the link.
Tel: 07517 024979 | Email: firstname.lastname@example.org
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If you do not have a Will, you have no say over what happens to your assets when you die and this can cause difficulties for those you care about most.
Because of this, everyone should have a Will; this is particularly true if you own property, are married, have entered a civil partnership or have a long-term partner. It also applies if you have children or other dependents, or if you wish to leave something to someone who is not a close family member.
If you would like to Get a Will today please visit the link.
Family Asset Trusts
Everybody wants to protect their assets for the benefit of their loved ones. People are motivated to provide for their children throughout their lives and want what is best for them. Many people will draft a Will hoping to ensure that the assets that they have worked hard to acquire during their lifetime, are passed on to their children and chosen beneficiaries after their death.
However, a Will can only dispose of the assets that you own at the date of your death and if the value of these is eroded during your lifetime, there will be little if anything left for your beneficiaries to inherit.
A Lifetime Family Asset Trust is specifically designed to protect your assets for you during your lifetime. They give you the peace of mind that your estate can be passed on securely and intact to your spouse, your children and their bloodline, or other named beneficiaries, after your death.
If you would like to know more about Family Asset Trusts please visit the link.
Probate is a legal document. Receipt of probate is the first step in the process of administering the estate of a deceased person, resolving all claims and distributing the deceased person’s property under a Will. A probate court decides the legal validity of a Will and grants its approval, also known as granting probate, to the executor.
If the person who has died leaves a Will
In this case one or more ‘executors’ may be named in the Will to deal with the person’s affairs after their death. The executor applies for a ‘Grant of Probate’ from a section of the court known as the Probate Registry. The grant is a legal document which confirms that the executor has the authority to deal with the deceased person’s assets (property, money and possessions).
If the person who has died didn’t leave a Will
If there is no Will, a close relative of the deceased can apply to the Probate Registry to deal with the Estate. In this case they apply for a ‘Grant of Letters of Administration’. If the grant is given, they are known as ‘administrators’ of the estate. Like the Grant of Probate, the Grant of Letters of Administration is a legal document which confirms the Administrator’s authority to deal with the deceased person’s assets.
In some cases, for example, where the person who benefits is a child, the law states that more than one person must act as the Administrator.
The Grant of Probate (or Letters of Administration) can be shown to anyone who is asked to release any money or other assets belonging to the Estate of the deceased.
The Will Associates can help guide you through the process, explaining what steps need to be taken and how the deceased person’s Estate will pass, either under the Will or under the intestacy rules.
They can help with all aspects of probate and Estate Administration and liaise with HM Revenue & Customs. They have extensive experience in dealing with high value and foreign estates.
Find out more about prepaid probate Wales including our prepaid probate plan by clicking the link.
Why do you need a funeral plan?
The three most common reasons to have a funeral plan in Wales are:
- Not wanting to leave a financial burden for your relatives.
- Protection against rising funeral costs.
- All the funeral arrangements are taken care of with one phone call.
With a Funeral Plan from our preferred plan provider, you choose the funeral you want, and then pay for your funeral director’s services at today’s prices.
When arranging your Funeral Plan, we work with the UK’s largest independent funeral plan provider, to ensure that the process is very simple and we give flexible payment options.
For more about our funeral plans please click the link.
Lasting Powers of Attorney in Wales
A Lasting Power of Attorney in Wales (LPA) allows your loved ones to take care of you and your finances if you become unable to do so yourself.
There are two types of Lasting Powers of Attorney in Wales (and the rest of the UK):
A “Property and Financial Affairs” Lasting Powers of Attorney gives your Attorney the authority to deal with buying and selling your property, your bills, bank accounts and investments.
A “Health and Welfare” Lasting Powers of Attorney covers decisions about health and care and even deciding where someone is to live. This can only be used if someone is incapable of dealing with such matters themselves.
For more about Lasting Power of Attorney or Business Lasting Power of Attorney please click the relevant link.
Business Lasting Powers of Attorney
Are you a Business Owner? | Do you have a business lasting power of Attorney (LPA)?
As a business owner have you ever wondered who would run your business if you were absent, through an accident or illness?
The solutions to this problem is a business lasting power of attorney (LPA).
For more about Business Lasting Power of Attorney please click the link.