Making a Will, Trusts and Probate
Making a will? Setting up a trust? Applying for probate? We can help.
PM Property Lawyers provides practical and professional advice to help you plan for the future.
Making a will
Did you know that if you don’t make a will the law dictates what happens to your estate when you die? It can be a shock to find that unmarried partners won’t inherit property automatically or that the courts decide who will be guardians to your children. We’ll help you make a legally binding will that ensures your wishes are respected.
Setting up a trust
You don’t have to be wealthy to set up a trust, though that is the image they often have. A trust can be an invaluable tool, for example, if you want your assets to go to someone who is currently a minor when they reach adulthood. There are several types of trust and the tax implications vary for each – we can help you make the right decision.
Dealing with someone’s affairs when they die can be complex, time consuming and emotionally difficult. If you don’t want to do it yourself, we can help. When you use our probate service you can be confident that all matters will be dealt with correctly and in many cases we offer a fixed fee.
Lasting Power of Attorney
Setting up a Lasting Power of Attorney (LPA), means you can be certain someone you trust will look after your affairs if you are unable to do it yourself. A LPA also means you can make decisions about your future now, for example, regarding future care choices. We’ll help you make the choices that are right for you.
Inheritance Tax planning
Property prices have rocketed in recent years and more and more people have found their assets now breach the threshold for Inheritance Tax (IHT). This currently stands at £325,000 – less than the average value of an house in some parts of the country. Inheritance Tax planning can help to mitigate the tax burden, but this is a complex area which requires specialist knowledge. We’ll be happy to advise you.
Becoming dementia friendly
Our team is trained as Dementia Friends so we can support our clients who are living with the illness.
After a diagnosis of dementia, it’s important to set up a Lasting Power of Attorney (LPA) and to make a will. We will explain things to you clearly and simply and make sure you understand. Most importantly, we will listen to what you want and do our best to make it happen. Download our leaflet How we can help after a diagnosis of dementia.