What We Do Wednesday: Wills, Trusts and ProbateAug 22, 2018
Today, we turn the Nash & Co spotlight onto the Wills Trusts and Probate team, in the next instalment of our popular #WhatWeDoWednesday feature!
Setting out a Will, arranging a Trust, organising tax affairs and administering probate can be challenging for many; the first hurdle is often a combination of jargon and rules. The good news is that we are here to explain, advise, and assist, always using plain English.
Our Wills, Trusts, Tax and Probate team at Nash & Co are highly experienced and skilled in what they do.
Having a Will ensures that you control how your assets are treated; not having one means that this control passes to someone else and while this may work, there’s a good chance that it won’t. Without a Will in place property can be lost, children may miss out and money can end up in the hands of the state.
Bearing this in mind, it’s a scary fact that so few people have an up to date Will in place. Nearly 70% of the adult population either have no Will at all, or their Will is completely out of date.
A Will does not need to be complicated and many clients are surprised about how easy it is to prepare. At Nash & Co we take the time to get to know our clients and discuss matters with them, so we can ensure that they have the Will that works for them and their family.
Our team are also especially experienced in preparing Lasting Powers of Attorney for clients. These are legal documents that give other people the right to make financial or medical decisions on your behalf on a temporary or permanent basis depending on your circumstances.
Many of us have investments and accounts in our sole name and if we were to have an accident or lose capacity these accounts would be frozen. Without a Lasting Power of Attorney, it would take your family months to be able to access these accounts and use the money for your benefit.
We can prepare a Lasting Power of Attorney that deals with health and welfare choices such as deciding what type of medical treatment you would want and where you would live. And we can also assist with temporary or General Powers of Attorney which allow decisions to be made on your behalf if you are in hospital for example, or if you are dealing with a sale or transaction whilst you are out of the country.
We combine our specialist knowledge with the traditional standards expected of a Solicitor. We take time to get to know our clients so that we can provide advice that fits their personal circumstances and covers their needs and concerns in a helpful and tax efficient manner. And we pride ourselves on the fact that most of our referrals are from existing clients and people who already know us.