Are you seeking legal advice regarding Probate, Estate Planning, Lasting Powers of Attorney, Trusts, and Will in the Reading, UK area? Trustmark Law’s highly experienced legal team will work with you and your family to advise on various legal matters.
Wills are important. Planning out property and financial affairs and Will reading in the UK are essential steps to safeguard your future benefits. When looking to update your Will in Reading, UK, our experienced team can help.
We feel that you should consider preparing your Will in Reading, UK, for several reasons. Law will protect your assets and guarantee that your loved ones, friends, and dependents receive what they deserve.
Our team at Trustmark Law believes that everyone should have a Will in Reading, UK. Whether you’re looking to make or update your Will, our specialists can offer advice concerning your needs.
Making a Will in Reading, UK, is not the only way to safeguard your and your family’s future. Asset Preservation Trusts can protect your assets through death, divorce, and remarriage.
Many people are not aware that when you remarry, your current Will is made obsolete. This can result in children being disinherited. If you die, your spouse remarries, and then they die before the new spouse, all assets are given to the remaining living partner. As a result, the children you had with your spouse—children who were initially meant to inherit your assets—can now be left penniless.
To avoid this outcome, the team at Trustmark Law would be happy to help you put a Protected Property Trust in place through your Will. In Reading, UK, we can help secure your family assets so that they reach the correct party once you pass on.
Lasting Power of Attorney
When you can no longer make decisions for yourself due to ill health or an accident, you’ll wish you had had a Lasting Power of Attorney (LPA) in place. Regardless of age, it is crucial to consider your future and what that might entail regarding your health. Without an LPA, your family cannot legally make decisions on your behalf, including getting the required medical assistance you need.
Fortunately, Trustmark Law will listen carefully to your needs and are committed to helping you establish an LPA. You will get to choose someone you trust to make decisions on your behalf should you lose the ability to do so on your own.
Probate is a complicated procedure of dealing with the estate of a person who has passed. To ensure their wishes are fulfilled, a Grant of Representation is mandated to provide you the lawful right to deal with the departed’s assets.
The Probate Court issues the Grant to the Executor(s) when a Will is valid. When there is no Will, the Executor(s) administer the Grant to the next of kin instead.
An Executor is responsible for dealing with tax liabilities and paying out inheritance. They’re also responsible for valuing all property, cars, assets, and shares and establishing the debt owed to HMRC and other creditors.
It can take up to a full year to obtain a Grant; therefore, a capable individual or professional Executor must be chosen. Our legal advisors, with their expansive knowledge of this subject, can take the necessary time to walk you through the entire process. We will discuss our Reading, UK, probate service with you so that you can make a better-informed decision on your future.