Wills and Probate
Wills are very important documents. They are an opportunity for you to decide how your hard earned money will be divided and who will benefit from all your hard work in the future.
Failing to make a will leaves this decision to the government as set out in the rules on intestacy. That may not reflect how you want your assets to be shared
Our specialist Wills team at Hill and Company can specifically tailor your Will to reflect your individual family and future financial arrangements.
Inheritance tax efficient Wills have become very important for clients with large estates exceeding £312,000.00,(increasing to £350,000 in 2010) including the value of your house. Given the increase in property values over recent years most people who own their own house should consider the impact of Inheritance Tax. With the Inheritance tax rate at 40% a tax efficient Will could result in a saving of £124,800.00. Our team of Solicitors are experts in drafting these complicated Wills and all the procedures subsequent to drafting that Will.
Administering a Will through the process of probate can be complex and time consuming. We understand the distress of bereavement and offer a sympathetic and personal service alongside dealing with the incumbent legal processes. We remove the stress and worry from the situation for you at this very sad and difficult time.
We are often appointed as Executors for our clients within their Wills. We then impartially carry out the instructions within the Will, which can involve making funeral arrangements, applying for probate, removal and distribution of personal effects from the property and distribution, selling of the property (which could involve auctioning the property or selling through an Estate Agent), realising all other assets including stocks, shares and policies, preparing Estate accounts and accounting to the Capital Taxes Office for Inheritance tax payable by the Estate. The assets of the Estate can then be distributed.
Tax planning and formation of trusts can all be dealt with by our expert team who will work with you to ensure that you and your families' best interests are met.
We are often appointed Attorneys for our clients. In this circumstance we would deal with your finances including paying bills, selling your house if you wish to move and investing the proceeds for you on your behalf. We act specifically in your best interests without external influence.
Our team of experts in Private Client work can advise on and prepare documents. They can also advise on and prepare applications to the Court of Protection in those situation where loss of legal capacity requireds someone to be appointed to act on your, or perhaps a relatives behalf.
Dealing
with a loved one's estate?