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Wills, Trusts and LPAs

We have been working with our colleagues in Collective Legal Solutions for many years and they specialise in protecting your assets and your family, particularly children, disabled relatives and the elderly.

Wills and Trusts are not regulated by the FCA.

Without a valid will your assets will be distributed according to the rules of intestacy which lay down a rigid method of estate distribution and take no account of your wishes.   Taking the time to ensure that you have a properly constructed will in place can ensure that your estate is handed on as you wish and, also, that proper provision is made for dependant or disabled relatives and children who may be minors, or still studying at university.

Many of our clients have joint estates in excess of £650,000 (when taking into account property values, death in service benefits, life insurance proceeds, savings, investments and interests in trusts) and there is a number of advanced inheritance tax planning techniques which can be implemented by way of wills and trusts and which can be tailored to individual needs.

Where joint estates are less than £650,000 in value, then you should give consideration to protecting your assets any way.  The number of properties sold each year to fund long term care and the number of properties and other assets not inherited by children due to re-marriage and divorce doesn’t bear thinking about.

Furthermore, you should give consideration to who will manage your affairs and make important decisions on your behalf about your property, affairs, personal welfare, care and medical treatment if you were no longer able to do so.  There is a variety of circumstances when this might be necessary including mental incapacity, physical incapacity or absence from the country. Or, simply, you might just prefer to leave the handling of your assets to a trusted family member or friend.  You can choose who to appoint in any of these circumstances using lasting powers of attorney.  If you are no longer able to make decisions on your own behalf, and there is no lasting power of attorney in place, then there is a need for the Office of the Public Guardian to get involved in appointing someone to manage your affairs.  This can be a costly and intrusive process.

Collective Legal Solutions can help you to plan for the future and ensure the protection of your family wealth and personal welfare.  We would be happy to make arrangements for you to have a free initial consultation with a specially trained colleague.

 

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The guidance and advice contained within this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK.Sense Financial Solutions is authorised and regulated by the Financial Conduct Authority under Financial Services Register number 616273.Sense Financial Solutions Ltd is registered in England & Wales at Companies House, number 5313395.Registered Office: 43 Walcote Drive, West Bridgford, Nottingham, NG2 7JQ
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