Wills, Probate & Tax Planning
Many people believe that only those with a lot of money or property need make a will however this could not be further from the truth. Some think that it is a complicated and expensive process. In fact, this is not so.
It is important that every person makes a will as it allows you to provide for the distribution of your property on death. Should you die without having made a will, then it is the law which decides who your property shall pass to.
A will can be a very simple document setting out your instructions on how your assets should be distributed when you die. It can take into account special bequests (gifts) to friends and charities, or to relatives who would not have any special claims under the law if there were no will.
We will be happy to explain and guide you through the following areas:
- Appointing executors
- Changing wills
- Appointing trustees & guardians
- Probate & Administration of Estates
- Setting up trusts
- The position of spouses & children
- Inheritance tax
Only a professionally prepared and properly executed will ensures that the wishes of the deceased can be carried out. It also reduces the possibility of family disagreements.
We understand that making a will can be a difficult task. We at Doyle & Company will talk you through the process and answer any questions you may have in confidence. If you need legal advice on any Wills, Probate or Tax Planning issues, please contact us here.
If you are handling the estate of someone who has died you would normally have to obtain probate. Probate frees up the assets of the person who has died and gives you the right to distribute them.
Probate is a legal process that allows a person to deal with a deceased person’s assets: property, money and all possessions owned by the deceased on the date of their death.
The authority to deal with a deceased person’s assets is given in the form of a document known generally as a grant of representation.
It is very important to make a will, for example, a co-habiting couple might assume that if one of them dies and does not leave a will, the surviving partner will automatically receive a share of their estate. However, under the current intestacy rules, that would not be the case.