Wills and estate planning (also considered ‘private client’ work) refers to areas of the law that help you to plan for major life events like incapacity or death. Covering areas like will preparation and probate (the legal process of managing your assets and debts), as well as managing property, this field of the law helps you to ensure that your affairs are in order and that your wishes are respected.
NEED HELP TO PLAN FOR THE FUTURE?
It can be difficult to think about the next stage of life, but planning for what might happen in the future is vital to ensure that your family and your assets are protected when you’re gone.
Our expert team can guide you through the process, from creating a will to deciding who will manage your estate.
UNDERSTANDING MORE ABOUT WILLS & ESTATE PLANNING
DO I NEED A SOLICITOR TO MAKE A WILL?
No, but it’s advisable to ensure it’s legally valid and clearly expresses your wishes. DIY wills can be challenged if improperly executed which is why we would always advise appointing the help of a legal professional like the team at Liberay Legal to walk you through the process.
WHAT HAPPENS IF I DIE WITHOUT A WILL?
If you don’t make a will during your lifetime, the law decides who your estate passes to under the rules of Intestacy.
These rules don’t always consider modern family life. More people are choosing not to marry or enter a civil partnership so if you don’t have a will in place, your partner won’t be considered when it comes to distributing your estate. There can also be inheritance restrictions for children based on age so it’s important that you put a Will in place to ensure that your wishes are followed.
WHAT IS A PROBATE AND WHEN IS IT NEEDED?
Probate is the legal process of administering a deceased’s estate. It’s usually required for estates with property, significant assets, or certain investments.
WHAT IS A LASTING POWER OF ATTORNEY?
A legal document allowing you to appoint someone (an attorney) to make decisions on your behalf if you lose mental capacity or choose to let them act.
WHO CAN I APPOINT AS MY ATTORNEY?
Anyone over 18 who’s not bankrupt (for property/financial) – usually trusted family members, friends, or professionals. You can appoint multiple attorneys.
Not answered your question?
Get in touch with our team today.
How we can help
Our team of experienced private law specialists understand the intricacies of planning your next steps and we’ve helped people across the UK to prepare for theirs and their family’s future.
