Wills & Lasting Powers of Attorney
Whether you need immediate help or are making plans for your future, our team is on hand to provide practical and friendly advice to provide peace of mind for both you and your family. At Kenyon Son & Craddock we will listen to you and get to know you so that we can fully understand your situation and help you make the right choices at the right time.
A will is an important part of planning for your future; by making a will you can be sure that your wishes are followed and your loved ones are taken care of.
Only a relatively small percentage of the population die having made a will. Many people assume that their estate will automatically pass to their spouse or partner in the event of their death. Unfortunately, this is not always the case and if you die without leaving a will (known as dying intestate) the law steps in and directs who your estate will pass to.
Inheritance Tax affects many of us and is currently charged at 40% on assets over and above £325,000. When making your Will we can also provide advice regarding estate planning and utilising the various lifetime exemptions available to you.
We offer a fixed fee price for straight forward wills and can provide you with a quote for tax planning and more complex wills.
Lasting Powers of Attorney and Deputyship
By preparing a Lasting Power of Attorney (LPA) you can appoint one or more people who you trust to help you with your affairs. There are two different types of LPA: the first deals with your property and financial affairs and the second deals with health and welfare decisions.
If you don’t have an LPA and you lose your capacity to make decisions in the future then a lengthy application to the Court of Protection for someone to be appointed as your deputy will be required. The application is only made if you do not have the ability to make decisions for yourself and therefore you have no say in who will be appointed to look after your affairs.
We can provide advice on both types of LPA and Deputyship application and can offer fixed fees for both.
Long Term Care
If you or a loved one are contemplating going into care we can provide you with advice on the financial implications. Many of us want to protect our assets in the event that we need care. There are rules regarding the deliberate deprivation of assets but there are small steps that can be taken and we can explain the options available to you.
Trusts are set up for many reasons but usually to protect family assets such for future generations. We can offer advice on setting up trusts and the ongoing administration.
At Kenyon Son & Craddock we believe it’s never too early to plan for your future. Please contact us today to arrange an appointment.