Leaving a Will is the single most important thing you can do to ensure your loved ones are protected after you’ve gone.
Preparing a Will allows you to determine how your assets – known as your Estate – will be distributed on your death.
Creating a Will affords you the opportunity to leave a specific gift to a loved one or a charitable donation to a cause that is close to your heart.
Taking time to draft a Will and plan your estate can also ensure you and your loved ones benefit from all tax relief and exemptions that may be available on death, thus keeping inheritance tax to a minimum.
Why you need a will
It is particularly important to ensure you have a Will if you have young children. A Will provides the opportunity to appoint legal guardians ensuring your children are left in the care of those you trust. If no guardians have been appointed the decision of who will raise your children will be left in the hands of the Courts.
Failing to finalise your Will before you die, means your Estate will be distributed in line with the statutory rules known as ‘The Rules of Intestacy’. These rules often fail to consider how family dynamics have changed over the years, meaning that cohabitees and stepchildren are unlikely to be provided for. The uncertainty that arises from failing to leave a Will may make it more likely a family dispute will arise.
At a time that will no doubt be incredibly difficult for your loved ones, a Will is the simplest way to ease the administrative burden on those closest to you. It will provide certainty and ensure your affairs are able to be dealt with as quickly and efficiently as possible.
Get total peace of mind with our comprehensive range of expert services
We understand the prospect of preparing and finalising a Will can seem daunting. However, ensuring your affairs are in order will bring peace of mind in knowing your loved ones will be protected after you’ve gone.
While the rules around Wills and Estate planning can be complex, at Doherty Wills and Estate Planning we provide friendly and straightforward advice to help you navigate the process.
We offer a range of products to assist you in creating a bespoke Will that will address all your Estate planning.
Your Last Will and Testament
Basic Will
Includes all your basic needs, including the appointment of executors, guardians for minors, legacies and children’s trusts.
Property Protection Trust Will
A basic Will inclusive of a property trust, ensuring that the capital you hold in your main residence is protected from unforeseen circumstances and guaranteed to pass to your intended beneficiaries.
Flexible Life Interest Trust Will
A comprehensive Will for those seeking maximum asset protection. This Will includes a Protective Property Trust together with a lifetime interest trust, protecting the remaining assets you hold not only for your spouse during their lifetime but for your beneficiaries of choice thereafter.
Discretionary Trust Will
A Will incorporating the most flexible of trusts with multiple uses and benefits. Your advisor will be able to provide you with comprehensive details, however some uses include; protection for disabled beneficiaries, protection against value being lost through divorce and generational inheritance planning.
Nil Rate Band Discretionary Trust Will
A Will perfect for unmarried couples looking to expertly use their tax allowances to provide for their partner and their beneficiaries thereafter with a reduced impact on their estate by Inheritance Tax.
Business Trust Addition
A clever trust for business owners looking to protect the value of your business by maximising the tax reliefs available and protecting its long-term value for the use and enjoyment of your intended beneficiaries. Add price onto Will of choice.
Lasting Powers of Attorney (LPA)
An essential document to legally appoint the people you trust as your ‘attorneys’ to deal with your health, wellbeing and financial affairs should you lose the capacity to be able to do so yourself.
Business LPA
For business owners to appoint appropriate persons to deal with your business financial decisions should you no longer be able to.
Will and LPA packages available at a reduced cost
Lifetime Trusts
Asset Protection Trust
The transfer of your property into trust during your lifetime for immediate protection against third party attack.
Pilot Trust
A lifetime discretionary trust for protection of assets, often used as an inheritance tax-planning tool.
Severance of Tenancy
Additional severance of tenancies may be required within planning to allow a jointly owned property to either pass into the trust or allow the testator to pass their share to somebody other than the joint owner.
Letter of Wishes
An additional document to provide your Executors/Trustees with information and guidance.
Secure document storage available
Protect you and your family today with Doherty Wills & Estate Planning
Ensuring your affairs are in order will bring peace of mind in knowing your loved ones will be protected after you’ve gone.
Contact Doherty Wills & Estate Planning today to find out how we can help you.
Prices available on request.