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Wills and Probate

The importance of making a Will cannot be overstressed. Each Will is tailor-made for the client, taking into consideration his or her personal financial circumstances, family and commitments and the possible incidence of taxation and in particular inheritance tax.

We advice on how best to structure your will taking into account Succession Planning, including:

  • Providing for minors or beneficiaries whose access to their entitlement may need to be safeguarded
  • Inheritance Tax implications and ways in which this tax may be mitigated through wills and lifetime planning
  • • Varying the provisions of a will after the testator’s death

After a death it is important to those left behind that the Estate is administered with sympathy as well as with efficiency. It involves obtaining valuations of all assets of the estate, agreeing the tax liability, applying for the Grant of Probate (or Letters of Administration in the event that there is no Will) and then the benefit of that Grant gathering in the assets of the Estate and administering them according to the rules of intestacy as the case may be. In some cases a Trust may arise under the provisions of a Will or Intestacy and that Trust could last for many years. It will normally require the advice and assistance of a solicitor and in many cases a skilled financial adviser.

We can advise on:

  • Obtaining valuations for inheritance Tax purposes or otherwise
  • Consideration of and implementation of Deed of Variation
  • Dealing with overseas assets
  • Preparation of Inheritance Tax accounts
  • Transfer of property on death

We will guide you sympathetically through the process and ensure we keep you informed throughout.
In dealing with the personal affairs of clients it is appropriate to mention Powers of Attorney and Court of Protection Orders.

These are normally granted to enable relatives, friends or professional advisers to administer the affairs of elderly or infirm persons who, for whatever reason, are unwilling or unable to manage their own affairs.

Contact our experienced lawyers in this department for advice you can trust on info@sethi.co.uk

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