Family Legal Planning or Estate Planning: do you and your loved ones deserve proper legal protection?
You will get some vouchers towards your legal planning if you buy your prepaid funeral plan from us, which we hope will enable you and your family to become better protected,
1. Who looks after your financial decisions if you can’t?
Accident, sickness or old age can lead to you being unable to make decisions.Who then can? NOT your spouse (without a Lasting Power of Attorney) and probably never your partner. The Court will decide! Who pays – YOU! Unless you have an old style Enduring Power of Attorney or newer LPA – Lasting Power of Attorney Property & Affairs and make YOUR own choice.
ACTION NEEDED: ·
- Yes, I need a Lasting Power of Attorney – Property & Affairs.
- No, I have this taken care of.
2. Who looks after your children & personal welfare if you can’t?
This covers: where you live, who you see, what you eat, medical issues etc. If not it will be up to the Court to decide unless you have a Lasting Power of Attorney – Health & Welfare. They were introduced in 2007 under the Mental Capacity Act. See: www.LPAuk.com
- Yes, I need a Lasting Power of Attorney – Health & Welfare.
- No, I have this taken care of.
3. Last Will & Testament
(deals with your affairs ONLY after your death, assuming it is found and correctly set up.)
NO WILL? All decisions will be made by the State, including who gets your children, “Common Law” partners get nothing (without court action) and you will have missed an Asset Protection opportunity. If you have a Will is it up to date? Invalidated by Marriage? Guardians & all kids included? Regularly reviewed? In a safe place? Executors able to find it & still suitable?
- Yes, I need a Will.
- Amend or update my Will.
- Review my Will.
4. The Family Bank Trust©:
Probate speed, security from creditors, speedy access & flexibility but more especially it provides a means of doing the best you possibly can to help your children, grandchildren and great-grandchildren and onwards.
Creating wealth for the Generations plus savings on Probate delays and the security that the value of your home will benefit the right people. Unprotected homes can benefit unexpected folk such as children’s creditors (or ex-spouses); probate may take 5 to 12 months.Save money, hassle and potential TOTAL loss. See: www.TheFamilyBank.co.uk
- Yes – I want to do my level best to pass on my assets to future generations.
5. Ongoing review of legal planning
– family situations, Law & Tax are always changing.
Will your legal planning remain up to date & safe? Not without our Peace of Mind Service to assist with all these issues! www.WillCustodian.co.uk ‘ 01323 741 206
(This is an associated company, not part of the solicitors practice) ACTION NEEDED: Yes No
6. Inheritance Tax Planning Review
These days more and more people find they have an Inheritance problem. The Governments new additional relief for homeowners is far trickier than it apears. Wholesale changes to both Last Will and Testaments and Trusts will be required. A review may save vast amounts of needless Inheritance Tax (we do not offer investment advice)
7. Succession Planning for Business.
Businesses need sound legal planning. Just like people, if one of the owners or managers, shareholders or partners has a stroke, accident or mental illness – or dies – the business mau fold just because decisions can’t be made.
Shareholder and partnership agreements, cross options, Lasting Powers of Attorney all need special attention for business people. When things go wrong, they do it in style unless you have planned……Is your business safe?
8. Probate – sorting out the estate after death.
The Probate Department Ltd offers low cost flexible probate services throughout England and Wales. www.TheProbateDepartment.co.uk along with a 10% discount to people who buy funeral plans through us.
Joined up Legal Planning – don’t leave it to the Courts!’
Eastbourne Law 01323 406299 working throughout England and Wales.
The Probate Department Ltd 2 The Triangle Willingdon Eastbourne BN20 9PJ is authorised and regulated by the Solicitors Regulation Authority 61821 www.TheProbateDepartment.co.uk also trading as Eastbourne Law and Legacy Trusts. Private company in England number 07682081