Legal Services - Will writing, equity transfer, Trusts, Coveyancing Bedford

Legal services


Wills


"In this world nothing can be said to be certain, except death and taxes." - Benjamin Franklin

60% of adults in the UK have no control over what will happen to their money, property, possessions and children under 18 when they die, because they have not made a Will.
A Testament isn’t a legal requirement; however, whether you consider yourself rich or not it is a good idea to have one because:

Please see below for Intestacy Law Flow Chart , more information can also be found on - https://www.gov.uk/inherits-someone-dies-without-will.

PDF The rules of intestacy - England and Wales.

PDF Parental responsibility flowchart – England and Wales.

You can write your Will yourself without professional help. However, it is very easy to make a mistake, mainly due to not being familiar with requirements. If such a mistake has been made, Probate may not be granted, therefore it is recommended to seek professional help.

Your Will should be updated every time your circumstances significantly change i.e. the birth of a child, divorce, separation, purchase of a property or if your executor is dying or has died. Otherwise it should be refreshed every 5 years.

It is vital to remember that your Will will be cancelled every time you remarry unless it has been made in consideration of marriage.

Where to store your Will?
First of all, somewhere safe:

IT IS CRUCIAL THAT YOU INFORM YOUR EXECUTOR WHERE YOUR WILL IS KEPT.

Trusts


A Trust is a legal document and a way of managing your estate. Trustees manage an estate within the Trust in accordance with a Settlor’s wish, which is recorded on the Trust Deed or in the Settlor’s Will.

Trusts can be set up for many reasons:

Depending on the type of Trust, Trustees have different powers to manage the estate:

More Info at https://www.gov.uk/trusts-taxes/overview.

Power of Attorney


Power of Attorney is a legal document which allows you to appoint someone (an Attorney) to act and make decisions on your behalf when you are unable to do so, for example after a serious accident.

There are two types of document:

  1. Health and Welfare: your Attorney can make decisions such as:
    • your daily routine; washing, dressing, eating;
    • medical care;
    • moving into a care home;
    • life-sustaining treatment;

    It can only be used when you’re unable to make your own decisions.
  2. Property and Financial Affairs: your Attorney has powers to make decision with regards to you finance such as:
    • managing a bank or building society account;
    • paying bills;
    • collecting benefits or a pension;
    • selling your home;

    It can be used as soon as it’s registered, with your permission.

More info at: https://www.gov.uk/power-of-attorney/overview.

If you have any questions please contact us.

Prices


Document Cost no VAT
Wills
Simple Will Single £130
Simple Mirror Will £200
Complex Will Single (extra gifts / residuary provisions) £200
Complex Mirror Will (extra gifts / residuary provisions) £220
Total Calamity Beneficiaries (additional) £90
Power of Attorney
LPA (either Property and Affairs or Health & Welfare) £200
2 x LPA Property & Affairs And Health & Welfare) £300
Registering an LPA (without court fees) £220
Registering 2 LPAs for 1 client (without court fees) £300
Property trusts
With Severance £320
Without Severance £280
Severance on additional property £170
Transfer of Equity £500(variable)
Life Interst Trust £390
Land Registry Check £15
Discretionary Trusts
Disabled Trusts £220
Family Trust £260
Children Protective Trust £230
Exclusion Service
Excluding Potencial Beneficiary £90

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