Making a Will

A Will should be made by anybody with a property or other assets to ensure that such assets pass to their intended beneficiaries when they die.

 

Wills, Trusts and Probate

Preparing a Will is one of the most important things you can do. It will ensure that your affairs are in order and that your dependants will benefit from your foresight.

We offer advice and guidance that is both cost-effective and trustworthy. Our sensitive and transparent approach will provide you with peace of mind.

A Will is a most important legal document which must be drafted with care to ensure that it disposes of all of the assets of your estate in accordance with your wishes. However, a Will is also a very personal document which enables you to provide for those you care about the most.

At GDA we can advise you on the matters that should be dealt with in your Will, including the following:

  • The executors who will administer your estate
  • Guardians to take care of minor children
  • The division of your possessions
  • Trustees to look after the interest of minor/vulnerable beneficiaries
  • The division of your estate between your chosen beneficiaries


Our team of solicitors specialise in inheritance tax planning and so we will always advise you on how to make your Will in the most tax efficient manner.

Making a Will is usually a straightforward process, which once completed gives piece of mind to you and your family.

Whatever your circumstances, we can help you ensure that your estate goes to who you want it to. To make a Will today contact us on 01539 565885 or 0800 0223 501.

 

Probabte (Administrations of Estate)

The administration of a deceased person's estate involves implementing the terms of his or her Will or, in cases of intestacy (where there is no Will or the Will does not deal with all of the deceased's assets), distributing the estate in accordance with the rules set out in the Administration of Estates Act 1925.

The Personal Representatives will be the people appointed as Executors in the deceased's Will or the people who are eligible to take out the grant of Representation in cases of intestacy.

We work efficiently and quickly, ensuring that any Inheritance Tax liability is kept to a minimum.

The administration of an estate is likely to involve:

  • Verification of the deceased's assets and liabilities
  • Dealing with property (including business, agricultural and overseas property) investments and cash assets
  • Assessing the value of the estate and any Inheritance Tax liability
  • Preparation of the documentation required to obtain a Grant of Probate
  • Payment of liabilities and legacies
  • Distributing the remaining assets to the correct beneficiaries
  • Consideration of Income Tax and Capital Gains Tax liabilities
  • We can help with all aspects of the process of administering an estate including:
  • Help and advice to Personal Representatives who may wish to deal with the majority of the administration themselves
  • Considering the impact of Inheritance Tax, Income Tax and Capital Gains Tax and, where possible, mitigating the tax liabilities
  • Cross border issues, for example, where the deceased owned property overseas
  • Dealing with HMRC in respect of the deceased's and the Personal Representatives'tax liabilities during the administration of the estate
  • Identification and valuation of the assets and liabilities in the estate including business and agricultural property
  • Dealing with issues regarding the validity or interpretation of the Will
  • In cases of intestacy, establishing the identity of the beneficiaries
  • Preparation of Trustee Act and Statutory Notices
  • Application for a Grant of Probate or Letters of Administration
  • Planning for the payment of debts, legacies and interim distributions
  • Transferring assets to beneficiaries
  • Preparation of Estate Accounts

We are also able to offer advice and assistance in cases where there is a dispute regarding the Will or issues have arisen during the course of the administration of the estate which the Executors and beneficiaries are unable to resolve.

Whatever your circumstances, we can provide expert advice on all aspects of the administration of an estate. We can s provide specialist advice for clients regarding probate matters throughout Cumbria and Lancashire.

For an initial discussion, please contact us on 01539565885 or 0800 0223 501.