A Lasting Power of Attorney (LPA) allows you to plan for your future and be proactive in deciding who you would trust to look after you and your affairs if you are unable to look after yourself. Sadly as we become older it often becomes more difficult to manage without some support, putting an LPA in place allows you to decide who provides that support, rather than leaving it to the courts.
This is an extremely good question and one which everyone should ask before choosing someone to write their will. There are a number of reasons you should choose me, the first is that I will take the time to get to know you, to understand what your requirements are and then using my knowledge gained through my experience and qualifications I will be able to advise you on the best way to proceed. It is also important for you to know that you will be dealing with me throughout the process, I will arrange the appointment, meet with you, draft your documents and then meet with you again to go through the documents and check that you are happy with it all before I witness your signatures.
On a more practical level I am regulated by the Society of Will Writers and have to follow their Code of Conduct, I also follow the Will Writing Code laid down by STEP and I am fully insured. Hopefully this will put your mind at ease, if not please take the time to read the testimonials I have received from other people I have already helped.
The rules regarding Inheritance Tax are complicated, the starting point is that every individual can leave £325,000 without paying any inheritance tax, anything over that is taxed at 40%. There are reliefs available if you are married, own a business or a farm or leave money to charity. Recently a new Residential Allowance was introduced allowing an additional £100,000 (due to increase to £125,000 in April 2018) allowance if you leave a residential property directly to your children or grandchildren. It is important to ensure that your Will is drafted in such a way to maximise the benefits available from these reliefs and allowances.
The initial consultation is free. It is very difficult to give a definite answer until I know exactly what is required, but to give you an indication my costs for a simple will for one person start from £195 and from £345 for a pair of mirror wills. At our initial appointment I will confirm a fixed price for the Wills so there are no surprises.
The process begins with an initial meeting at which we can discuss your requirements in more detail, after this I will send you a draft of your Will within 2 weeks and then it is simply a question of how long it takes you to check you are happy with it and make an appointment to sign the final version.
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Contact Details : Rosie@BrixworthWills.co.uk or 01604 973373