Wills are important in ensuring that when you pass away you decide how your money, property and / or possessions are allocated and who they are allocated to. Without a Will it can be difficult for a persons estate to be distributed correctly. Wills can also help reduce the amount of tax payable on the inheritance.
It can be important to make a Will if you have young children so that you can make arrangements for then if one or more parent dies.
If you are not married or in a registered civil partnership then you cannot inherit from each other unless there is a Will.
You don’t need a Solicitor to draft Will for you, if it is straightforward, however it is easy to make mistakes which can then cause problems after your death which may result in considerable legal costs.
It is important to seek legal advice if:
- you share a property with someone who is not your husband, wife or civil partner;
- your permanent home is not in the UK;
- you are resident in the UK but you have property overseas or if there is a business involved
A single Will costs £120 + VAT
A mirror joint Will costs £180 + VAT
If you want advice then please call on 0151 306 3694 or email on email@example.com.
Power of Attorney
A power of attorney is a legal document that lets you appoint one or more people to help you make decisions on your behalf if you become ill or have an accident and cannot make your own decisions.
There are two types of Lasting Power of Attorney (LPA):
- Health and Welfare
- Property and Financial
You can do one of the above or both. You can also cancel an LPA if it is no longer needed or you want to make a new one.
You do not need a solicitor to get a LPA but they can help with ensuring that the forms are completed correctly. The cost to register the LPA with the Office of the Public Guardian is £82. You will also have the cost of the Solicitor on top of this.
- Health and Welfare LPA – This is in respect of your medical care, moving into a care home, life-sustaining treatment or even just your day to day routine. It can only be used when you cannot make your own decisions.
- Property and financial LPA – This is in respect of managing your money, bank accounts, paying bills, collecting benefits or a pension, or selling your home. This can be used as soon as it is registered.
Our charges for an LPA are £500 + VAT plus £82.00 Court Fee.
If you would like advice or assistance on an LPA then please call on 0151 306 3694 or email on firstname.lastname@example.org.