Topic Tuesday – Wills, Trusts & Probate

Category: Probate, Wills

“Happiness has many roots, but none more important than security”

E.R. Stettinius, Jr

At Nash and Co our team of Wills Trusts and Probate Specialists are here to help you at key times in your life to provide clarity and assurance in a language that you understand. Here’s some more information about the main areas which we can assist you with:

  • Wills offer you the chance to ensure your wealth is left in accordance with your wishes. When a person dies without a Will then the intestacy rules govern who receive their assets. This can often be problematic particularly for those who have partners but are not married, have children from different relationships or would rather specific people benefit from their assets. We help our clients to prepare their wills so that they have the opportunity to acknowledge those who are close to them or causes that they feel strongly by giving them choice. If you have business assets or a taxable estate we review your affairs and inheritance tax to ensure that your estate is dealt with efficiently and that you have peace of mind. We can also talk about placing assets into trust to keep them protected which may also help your family with their own financial affairs particularly if they have a disability or additional needs.
  • Lasting Powers of Attorney offer you the opportunity to appoint trusted people to help manage your affairs if you are unable to do so (your Attorneys). They operate in two main areas of Finance & Property and Health & Welfare. There is no time too early to prepare them as it is often unexpected events that call for them to be used. Even if mental capacity is not an issue, they can be really useful if you run a business, if you are on holiday, work away or perhaps have had an operation which means you can’t be where you need to be. We would be happy to provide you with advice on the careful preparation of these documents to tailor them to your needs, considering how to expand or restrict the power given to your Attorneys and ensure they are correctly executed.
  • Estate Administration is the process of organising an individual’s affairs from identifying and drawing in their assets and debts to distributing to their beneficiaries. We work closely with executors, families and beneficiaries to ensure they are kept up to date and that they feel in control of an often mystifying area. We correspond with HM Revenue & Customs, obtain Grants from the Probate Registry and assist with the sale of property. Every estate, like a person, is different so we provide a personal service while often handling complex estates that attract inheritance tax, include businesses, on-going Trusts and property abroad.

If you would like to discuss anything raised feel free to give us a ring by calling Alice on 01752 827027 or David on 01752 827076 and we would be happy to answer your questions.