What happens if a loved one loses mental capacity and does not have an LPA?
If no LPA is in place, you may need to apply to the Court of Protection for the legal right to manage their affairs, which can be a lengthy and costly process.
How can I reduce inheritance tax on my estate?
Our solicitors can help you use trusts, lifetime gifts, and other tax-efficient strategies to minimise inheritance tax and ensure your beneficiaries receive the maximum benefit.
What is the difference between a Financial & Property LPA and a Health & Welfare LPA?
A Financial & Property LPA allows your appointed attorney to manage your money, property, and bills, while a Health & Welfare LPA covers medical and care decisions.
What is a Lasting Power of Attorney (LPA)?
An LPA allows a trusted person to manage your financial, health, and welfare decisions if you become unable to do so yourself. It ensures that your affairs are handled according to your best interests.
How long does the probate process take?
The probate process typically takes between six months and a year, depending on the complexity of the estate and any disputes that may arise.
What is probate, and when is it required?
Probate is the legal process of administering a deceased person's estate. It is required when the estate includes significant assets, such as property or bank accounts not held in joint names.
Can I update my will?
Yes, you can update your will at any time. It is recommended to review your will regularly, especially after major life events such as marriage, divorce, or the birth of children.
What happens if I die without a will?
If you pass away without a will, your assets will be distributed under intestacy rules, which may not align with your wishes. This can also lead to complications and delays in administering your estate.
Why do I need a will?
A will ensures that your assets are distributed according to your wishes, prevents family disputes, and helps protect your loved ones. Without a will, your estate will be distributed according to UK intestacy laws.