Wills & Estates
RJS have years of experience in writing Wills, planning estates and dealing with the affairs of those who have passed away. Planning for the inevitable can be difficult and dealing with a loved one affairs following a death can be a distressing and overwhelming process. Contact us today and we will use our expertise to guide you through the maze. We have an extensive amount of information below which should give a rough idea of what each legal tool has to offer and how we can help. Simply click on the legal option from the list that you would like to explore further.
Asset protection is a concept to guard one’s wealth. Asset protection is a component of financial planning intended to protect your assets from creditor claims. Individuals and business entities use asset protection techniques to limit creditors’ access to certain valuable assets while operating within the bounds of debtor-creditor law.
When member of your family, close friend or loved one passing away, there may well be a noticeable error within the last Will and Testament that they have left behind, or that it has not been correctly implemented in some way. If you believe that this could be the case then you could well have a justifiable cause to legally contest the contents of their will in court.
Depending on the assets that the deceased left you may need to apply for a grant of representation (often commonly referred to as a grant of probate) from the probate registry before you are able to deal with any of the deceased assets. You may have inheritance tax to pay and complex forms to complete.
We can assist business owners with planning for the future, and ensuring individual directors have planned their estates complying with shareholder agreements and at the same time limiting their own exposure to tax.
Equity release refers to a range of products that allow you to access the ‘cash’ (equity) that is tied up in your home. If you are over the age of 55, you can take the money you release either as a lump sum or in several smaller amounts or even as a combination of both. It is a great legal tool when used to it’s full potential.
A last Will and Testament allows a person to decide exactly what will happen to their money, property and possessions in the event of their death, including care instructions for any children aged under the age of 18. A Will is formal legal document so it therefore has to be signed and witnessed in order for it to be considered legally valid. The process of confirming the validity of a Will is known as probate.
A lasting power of attorney (LPA) is a legal document that allows you to appoint one or more people (known as ‘attorneys’). It gives them the power to help you make decisions or to make decisions on your behalf when dealing with third parties such as with the local council, banks and in some cases where you live. It’s particularly important for business owners and trustees of Self Administered Pensions.
Making a gift to your family and friends while you’re alive can be a good way to reduce the value of your estate for Inheritance Tax purposes and benefit your loved ones immediately.
This is a broad topic and there are many avenues one can explore. At RJS we have many legal tools and knowledge to guide you to making the best decisions. We have some brilliant associates in the form of accountants, financial advisors and even pension solutions who can also bring advise to the table.