Preparing a Will

Simply put, a Will is a legal document which enables you to determine who inherits what and when.

We will complete an instruction form to gather the names and relationships of your family and friends who you would like to benefit in the event of your death, as well as the role that they may have within your Will. We then provide the advice to determine the type and design of an appropriate Will and draft a document which would protect your wishes.

Related article: https://www.a4g-llp.co.uk/articles/wealth-management/why-you-need-will-business-owner/

Lasting Power of Attorney

A Lasting Power of Attorney is a legal document within which you appoint people that you trust to make decisions in your best interests on your behalf whilst you are alive. They may need to act if you were either physically or mentally incapable of managing your own affairs.

There are two types of lasting power of attorney:

1. One for property & financial affairs

2. One for your health & welfare

Why is it necessary?

In the event of losing mental capacity in the absence of a lasting power of attorney, the Court of Protection would have the power to take control of your affairs. Responsibility doesn’t automatically pass to your loved ones, or business associates.

A lasting power of attorney isn’t just for the elderly. Accidents or illness can strike at any time with dire consequences if you’re not adequately protected. If you want to determine who makes decisions on your behalf, a lasting power of attorney is vital.

By asking the relevant questions, we can prepare this document to ensure that people chosen by you can carry out your wishes.

Related article: https://www.a4g-llp.co.uk/articles/wealth-management/lasting-powers-attorney/

Probate

Probate is the name given to the process of obtaining the legal right to deal with someone’s estate when they pass away.

Why is it necessary?

Following your death, if the assets you leave behind are more than a certain value, your chosen executor may have to apply to the court in order to carry out your wishes.

We can help because you may want a legal professional to administer your estate and distribute your assets to your chosen beneficiaries, removing the chance of error and therefore stress from your loved ones.

Related article: https://www.a4g-llp.co.uk/articles/wealth-management/probate-avoid-difficult-process-when-dealing-financial-affairs-someone-who-has-died/