Wills, Probate, Trusts & Residential Care Planning

Wills

Many people underestimate the importance of making a Will. A properly prepared Will not only gives you peace of mind that your family and loved ones are provided for when you are gone, but ensures your estate can be administered easily by or on behalf of your loved ones during that vulnerable time. A professionally drafted Will can also provide planning for long term care to save your family paying unnecessary inheritance tax and also to preserve your assets for the benefit of your family in the most tax effective way.

Probate

When a loved one dies someone has the responsibility of administering their estate. This involves identifying and gathering in all the assets, discharging any liabilities, liaising with Her Majesty's Revenue and Customs to deal with both inheritance tax and income tax, distributing the estate to those persons entitled, whether under the terms of a Will or the laws of intestacy (where there is no Will) and establishing and administering any trusts arising under the Will. Deeds of Family Arrangement are beneficial to make the distribution of the estate inheritance tax efficient or to benefit persons other than the original beneficiary. For relatives who are grieving this can be a difficult burden at an emotional time and many families choose to seek the guidance, advice and assistance of a solicitor.

Trusts

Trusts are a simple means of passing your monies on in a tax efficient manner. Primarily used to mitigate inheritance tax, trusts can also be used to manage monies left for the benefit of children, either in the event of death of both parents or where grandparents wish to leave a substantial legacy to the grandchildren. Trusts are also useful for families who want to provide for vulnerable adults who may be wayward or suffering from a disability, going through marital difficulties.

Residential Care Planning

Statistics suggest that one in three women and one in four men are likely to need long term care and there is growing evidence that an unscrupulous minority of so called advisers are exploiting the fears and uncertainties that people have to misuse products and structures and sell them aggressively as a means of avoiding liability for care home fees, very often ignoring the fact that at the end of the day the arrangements promoted may actually fail to do anything of the sort. If a family member or friend needs to move into residential care it can be a difficult time for the person involved and their family. Added to this is the difficulty of navigating the local authority rules for payment of fees for residential care and means testing. Roebucks can assist with any questions or concerns you may have regarding potential residential care fee liability.

Our Estate Planning Team is headed by Director, Victoria de-Mel who is a member of the Society of Trust & Estate Practitioners (STEP). Estate planning is the central part of Victoria’s workload ensuring that her clients leave their financial affairs in good shape, preserving their assets for the benefit of their families in the most tax effective way.

Our private client services include:

  • Preparation of Wills
  • Inheritance Tax Planning
  • Trust creation, administration and accounting
  • Probate & Intestacy Estate Administration
  • Lasting Powers of Attorney (Property & Financial Affairs)
  • Lasting Powers of Attorney (Health & Welfare Affairs)
  • Court of Protection Applications
  • Deeds of Variation / Deeds of Family Arrangement
  • Residential care planning
  • Home Visits
Society of Trust and Estate Practitioners