Estate Administration involves identifying the deceased assets and debts, realising the assets, paying off creditors and distributing whats left. As executor you have significant responsibilities and potential liabilities. Estate Administration can complex and our advice can be sought either on individual issues or we can assist in undertaking the whole of the estate administration, relieving you of the responsibilities and potential liabilities.
A Will is one of the most important financial documents you will ever write. It also provides peace of mind in knowing that your money, property and personal possessions will pass to your chosen beneficiaries in accordance with your express wishes. Your Will also guides those who are left behind and saves worry and heartache at a time of great emotional stress.
Lasting Powers of Attorney are legal documents which allow you to state who you would like to make decisions on your behalf should you become unable to do so in the future. There are two different types, Property and Affairs; Health and Welfare. Each type covers different decisions. You can choose to make both types or just one.
The Court of Protection is responsible for making decisions on financial or welfare matters for people who lack mental capacity. We are able to make applications to the Court of Protection either on an emergency basis or under appropriate circumstances. Call us for assistance.
A trust is a way of managing assets (money, investments, land or buildings) for people. There are different types of trusts and they are taxed differently. Whether you are looking to establish a trust during your life or on death we can help.
Inheritance tax affects a considerable number of people following steep rises in house prices over recent years. We can advise on whether you are likely to have an IHT liability and what steps you may be able to take to mitigate that liability upon death.
There are many reasons why beneficiaries or trustees may want to consider rearranging the disposal of a deceased persons estate including directing an asset to another e.g the child of a parent, to save tax, to compromise potential disputes or to resolve a defect in a Will.
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Fodens Solicitors provide a consistently high quality of service coupled with a real emphasis on client care. All work is carried out by fully qualified staff who are readily available to deal with any queries as they arise.Talk to us