It is entirely possible to apply for probate and deal with an estate, without seeing a lawyer, but it’s not without risks warns legal group, Solicitors for the Elderly (SFE).
Many professionally drafted wills contain trusts to save tax, to avoid those who inherit paying care fees and to reduce the likelihood of potential disputes. SFE members have noticed an increase in ‘DIYers’ returning to them to seek advice when they have made a mistake or find the paperwork too tricky. Mrs A’s will had included a tax saving trust, but when her husband administered the estate, he paid the whole estate to himself. The solicitor was thankfully able to sort out the matter and avoid future complications occurring when Mr A eventually dies. In Mr G’s case, he sold some shares that had made a gain during the administration of his late sister’s estate and had to pay tax….
Preparing for your death is important and making sure that your estate will pass as intended is essential. This can all be achieved by preparing and wording your Will correctly.
You may find that there are many options available to you when preparing a Will from downloading a template online to purchasing “off-the-shelf” wills from many high-street stationary businesses. Whilst these may save money in the short term, if not prepared correctly could result in your wishes not being carried out.
Janelle Carter-Jones, Wills and Probate Specialist at Peter Lynn and Partners commented “You should be cautious when drafting your Will…
When asked “Do you have a Will?” These are the responses people sometimes give:
- “We have not been married long – we do not need to write a Will yet”
- “Why do I need a Will – I have nothing to pass on”.
- “We already have a Will – we had it written years ago”.
- “We had a free Will written recently – it was an optional extra when we opened a bank account”.
- “We have a young family and there is so much going on at the moment, we have not got around to it”.
Many people may resonate…
You may have read in the news that Angela Rippon has updated her will so that her family know her wishes if she develops dementia. The former BBC newsreader, 71, said “the decision was an attempt to take responsibility for her future as anything can just come out of the blue”.
As Solicitors, we manage our client’s best interests before and after the onset of dementia.
Some clients plan ahead, just like a couple that visited our Morriston office last week. The husband had recently gone through a very long, difficult and expensive road in obtaining a Deputyship Order to manage…
2015 /2016 was a momentous year for Peter Lynn and Partners.
Not only did their figures once again hit record levels but the firm grew to over 60 staff, most of them in a relatively short timescale and their development continues.
In August, a merger with the historic Swansea firm of Ivor Evans and Benjamin enabled them to offer clients another branch at the Walter Road site.
In the same month, they opened a new office in Cardiff city centre with Darren Lewis leading the way, bringing an array of commercial property clients and expertise.
The firm welcomed back to Mumbles Stephanie Kift-Harries after her…
Each year, Peter Lynn and Partners take part in Free Wills Month, an organisation who bring together a group of well-respected charities to offer members of the public the opportunity to have their simple Wills written or updated free of charge.
As one of the appointed solicitor firms in the area, members of the public aged 55 and over can contact us during the nominated month and request an appointment.
Those taking up the offer are under no obligation to leave a gift to one of the Free Wills Month charities, however, many will see this as a chance to help…
An estimated 180,000 wills are written each year by unregulated services and having these incorrectly prepared could have huge personal and financial consequences for families. According to the legal ombudsman thousands of people are being misadvised by unregulated claims management and will writing companies.
Most unregulated providers offer Will writing services at a fraction of the price of the majority of Solicitors, and as a result consumers could end up with wills which are often too simplistic and do not accurately reflect their wishes.
Unregulated providers are not insured, do not provide a compensation fund and are not covered by the…