Will Writing Solicitors in Leeds
It is a shocking statistic to hear that around 70% of individuals in the UK do not have an up-to-date will that accurately reflects their wishes at the time of their death. Making a Will is vital to create certainty, reduce worry and importantly gives you peace of mind in knowing exactly how your money, property & estate will be divided the in the way you wish for after your death. A Will is also is usually the first step to take in structuring your affairs in order to minimise your liability for Inheritance Tax. Here at Whiterose Blackmans Solicitors LLP our private client team is here to assist individuals, families and professional clients based in Leeds & across the UK with the preparation of wills and the administration of their estate. We are able to advise the best possible options to maximise your estate’s benefits and its planning to ensure minimal liability for Inheritance Tax. We provide a considerate and personal service with professionalism & sensitivity that combines our expertise and efficiency. Read our excellent reviews on Google and Facebook.
When is a good time to update your Will?
If you already have an existing Will, we would recommend updating it whenever you have a major change in your life and circumstances. This can include life changes such as marriage, divorce, buying a new home, having children etc, anything that would mean a significant change to your intended beneficiaries. We would recommend that you review your Will every 5 years at the very least, to ensure no changes of circumstances have been overlooked since your Will was created or last updated.
Applying for Probate
Losing a loved one is a difficult time whether it be a family member or close friend. Its always best to seek the correct legal advice and guidance when dealing with their affairs after death. At Whiterose Blackmans Solicitors, we offer a bespoke service where we handle probate affairs sensitively and proactively to allow you time to deal with more important matters.
It would be necessary first to start by identifying the executors of the deceased’s estate and whether there is a valid will. If there is no will, it must be known who the administrators are. We offer legal assistance in putting together a list of assets within the deceased’s estate whether that be any property, bank accounts, shares and liabilities so that we can determine the value of the deceased estate.
We also deal with any Inheritance Tax issues that arise from the value of the estate. Usually, in most cases, there is no tax due however, we can advise on this in more detail if there is a need to. Once the assets are collected in , they are distributed in accordance with the clauses of the will or Intestacy Rules if there is no will. We can offer a fixed fee for obtaining probate where suitable and applicable and will explain to you precisely at the outset how much our charges will be. Contact us to discuss these arrangements in more detail.
Our wills and probate services include:
- Preparation Of Wills, Trusts & Deeds
- UK & International Probate
- Court of Protection Applications
- Applications to the High Court
- Claims under the Inheritance (Provision for Family and Dependants) Act 1975.
- Reviewing and Amending Existing Wills
- Executorship Disputes
- Challenges to Wills
- Interpretation of Wills
- Lasting Powers Of Attorney (LPA)
- Claims on behalf of beneficiaries
- Inheritance Tax Planning
Why should you make a will?
There are many reasons why making a Will is important and ensuring it is up-to-date. These include:
- -If your financial situation changes significantly
- -If your circumstances change for example you get married, become a parents or get divorced
- -Where you want to find ways to protect assets from inheritance tax through creating of trusts etc.
- -If you need to make provision for a vulnerable relative
- -To ensure that your estate is divided according to your wishes
Get in touch to discuss your Will
Our solicitors in Leeds are on hand to help you with changing your existing will or creating a new will, probate and estate and tax planning. Contact us today.
