Will Services Alex Truesdale Wills
Reviewing and Updating your Will. Your Will is a living document and should change as your life and circumstances change. You should review your Will around every 3 to 5 years and consider updating your Will if major life events, such as those listed below, have occurred.
Executor of Wills: Appointing the right executor(s) in your Will is one of the most important decisions you will make. This guide covers what you and they need to know.
Understanding how Will trusts work in principle and how they can help you in practice.
Legal Terms used in will writing: Deciphering the jargon, and explaining commonly encountered words and phrases.
Leaving gifts in your Will. The heart of any Will: what to gift, when to gift and the types of gifts it is possible to make.
Appointing Guardians. Our children are our most precious, and vulnerable, assets. Making a Will to appoint guardians for your children safeguards your loved ones after you have gone.
Writing a Will is an essential part of any estate plan. A professionally drafted Will ensures your final wishes are secured.
Intestacy rules in 2023. Dying without a Will can cause additional financial hardship for those you leave behind. Minimise the uncertainty with a Will which secures your estate for your loved ones.
Lasting Powers Of Attorney Services
General Powers of Attorney allow you to delegate the management of all or some of your financial or business affairs to a trusted individual should location, convenience or logistics require.
Enduring Powers Of Attorney allow you to nominate a trusted friend or relative as your “attorney” (agent) to manage property and money if a loss of mental capacity occurs. However, they have their limitations and, if possible, should be revoked and replaced by Lasting Powers of Attorney.
BLPAs Business Lasting Powers of Attorney: what business owners and their attorneys should know when creating BLPAs over business, as opposed to personal, finances and decisions.
Lasting Powers of Attorney: appointing Attorneys to make decisions on your behalf, when you have lost the ability to do so yourself.
What you and your Attorney should know about the role, responsibilities, powers and limitations of Attorneys appointed in Lasting Powers of Attorney.
Advance Decisions, also known as Advance Directives or Living Wills, let your medical professionals know the circumstances in which you would wish to refuse further medical treatment.
Estate Planning Services
Declarations of Trust regulate who is entitled to real property held on tenancies in common or with sole owners.
Letters of Wishes, also known as Memoranda of Wishes, provide guidance for your executor and trustees, in order that they carry out your estate plans.
Do your executors know where your original Will is or how to access it? Secure Will storage provides protection for essential irreplaceable, original documents against loss or damage.
Inheritance Tax has often been termed a “voluntary tax”. Avoid paying more tax than you should by using the available reliefs and exemptions.
Estate Administration Services
Estate administration (commonly known as “probate”) can be a lengthy, frustrating and emotionally draining time even on the simplest of estates. Estate administration can be broken down into a number of stages, involving a number of duties and responsibilities. Our guidelines below take you through the stages of probate and their likely timescales
