Keeping probate out of court
In recent years, Tilly, Bailey and Irvine has seen a substantial increase in contentious probate work – disputes regarding wills and estates. Perhaps surprisingly, they can have a major impact on businesses.
Making a Will is a way of making life easier for your family who you wish to benefit. You can put anything in your Will that you consider to be an asset. If you don't have a Will, your property and assets that would otherwise be included will instead be divided by rules made by Parliament, which can create dispute and problems within families - particularly in the case of higher earners. Besides Wills and Family Trusts, you can also take the chance to secure the future of your business with a plan for after you've gone, should you want to consider this.Wills
Many people are worried about “going to Probate,” which refers to obtaining legal authority to deal with the deceased person’s property and assets. This is because people are unsure of what the process is like and what is expected of them, when really it is nothing to worry about if done correctly and with expert legal representatives on hand.
Dealing with the affairs of someone who has died can be a difficult and stressful task, particularly if you are not used to dealing with finances or do not know much about the affairs of the deceased.Probate And Estates
Making a Power of Attorney gives both you and your family peace of mind for the future. They’ll know what you want if anything happens to you, and you’ll know your wishes will be respected. Our solicitors have helped thousands of people make and register LPAs. We often act as attorneys too. We can provide specialist advice tailored to your specific needs and make sure your estate and welfare is protected for the future.Power of attorney
In today’s fast paced, ever connected world, how many of us have digital assets and online accounts? We are actively encouraged to manage our accounts online for a more cost-effective option, particularly with many service providers charging extra for paper bills and correspondence.
No one likes to think of dying, but when this happens, it will take away some of the stress for your loved ones if you create a secure copy of your digital life.Digital Assets
A trust involves giving assets, which can be money, stocks and shares, property etc. to Trustees who administer the assets in accordance with the terms of the Trust.
The Trust team, which is part of the Private Client Department, acts for a number of trusts, including Charitable Trusts. The team has experience in the creation, administration and winding up of Trusts. It provides a full service including the preparation of annual accounts and completion of annual income tax returns.Family Trusts
Inheritance Tax is a tax on the estate of someone who has died and involves property, money and any possessions or assets.
Estate planning can save a huge amount of tax. Taking action early means more of your money will go to your beneficiaries. We can advise you on ways of planning your affairs to reduce your tax liability and the amount of tax paid for the benefit of your children or others who you wish to inherit from you.Inheritance Tax
The Court of Protection is a court that deals with decisions or actions taken under the Mental Capacity Act. You or someone helping you would need to apply to the Court if someone needs permission from the Court to make decisions about your health, welfare, financial affairs, or property.
The process of appointing a deputy can take four to six months. The Court can process matters urgently when needed.Court Of Protection
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