A Health & Welfare Lasting Power of Attorney instructs an appointed attorney to make choices on your behalf when you are unable to make decisions for yourself. Your chosen attorney can organise the appropriate daily care, medical care, living arrangements or life-sustaining treatments, saving you a great deal of money and distress at a time when you are most vulnerable.
Unlike a Health & Welfare LPA — which is designed to protect you when you cannot make decisions for yourself — a Property & Financial Affairs LPA makes provisions for you before this might happen.
As soon as you register a Property & Financial Affairs LPA, you can give your attorney permission to pay bills, collect benefits, manage your investments and even deal with buying or selling a property on your behalf.
Probate is the method of dealing with the properties of someone who has died, i.e. paying off their creditors and dividing their assets according to their own will.
Probate is the process of managing the estate of a deceased person, including wealth, asset and property distribution.
Intestacy is when an estate of a person that dies without a will owns property with a cumulative value greater than that of their unpaid debts
An Inheritor is a person who inherits something, i.e. an heir. The terms “heir” and “beneficiary” interchangeably, but there are important differences.
Inheritance refers to anything a person bequeaths to his or her loved ones after passing away - including cash, investments, stocks, jewellery, automobiles etc.
A succession executor is an adult appointed to manage a deceased person’s assets. Their responsibility is to carry out the orders for handling the affairs and wishes of the estate
A trust is an arrangement in which someone - knows as a trustee, is granted the right to possess property or properties on behalf of the beneficiary.
A testator is a person of sound mind who creates a will. If a person dies before they have the chance to create a will, then they are said to have died “intestate.”
This is the most significant element of every plan for an estate - namely, the specifics of what will happen to property and assets after death
A bequest is a gift left to a family, friend or organisation in a will. There are many different forms of legacies to take into account when writing a will.
A beneficiary is a person who, is expected to inherit something from an estate - including income, belongings, properties or stocks and shares
If a person dies without leaving a valid will, according to UK law, their estate must be shared out amongst married or civil partners.
We can help you with the important life decisions of how to assign your property to your loved ones and take care of yourself in any eventuality, without unwanted and time consuming intervention from the courts.
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