Services

Will Writing Service in Lincolnshire

A will is one of the most important legal documents you will ever produce.  Writing a will is the only way to ensure that your wishes are carried out and your estate is divided in the way that you choose. If any of the following criteria applies to your circumstances, you may need to put a Will in place. 

· I am married. 

Without a Will your spouse or civil partner may not automatically inherit all of your estate.

· I have a partner

Without a Will the law treats you both as single and your partner would receive nothing. 

· I have children from a previous relationship

If you are now married, your children from the previous relationship may inherit nothing. 

· I am a property owner

You may wish to specify who you would like to inherit or live in your property after you have passed away or protect your share against any possible care costs. 

· I do not want the state to decide who inherits from me

Making a Will is the only way to put you in control of your estate in passing. Allowing you to name your beneficiaries and to specify what you want them to inherit. 

Lasting Powers of Attorney (LPA) in Lincolnshire

Many people assume that their spouse, partner or child would be able to automatically take over their affairs if they became ill or lost the ability to make their own decisions. This is simply not the case. An LPA is a legal document that allows you to legally appoint one or more persons you trust to make decisions and act on your behalf should you lose the capacity to make those decisions yourself.  As an LPA is a separate legal document to your will, many people will put an LPA in place at the same time as they write their Will as part of their greater ‘estate plan’ however, they can be made totally separate too.

The best solution is for couples to have ‘Mirror’ (identical) LPAs. These documents would allow them to appoint each other to make decisions about each other’s financial affairs and health issues; should one of them lose capacity to do so.

There are two types of LPA: 

Health and Welfare

This appointment allows your Attorney to make decisions and act on your behalf with regards to your health and welfare. This may be day to day decisions such as what diet you eat or may extend to where you live and what types of medical treatment you consent to. It can only be used when you are unable to make your own decisions.

Property and Financial Affairs

This appointment allows your Attorney to make decisions and act on your behalf with regards to your property and financial affairs. This can include managing your bank account, paying your bills, or even selling your property and managing investments. It can be used as soon as it is registered, with your permission. 

Estate Planning in Lincolnshire

Estate planning is the process of protecting your wealth after you have gone and ensuring you retain control over how your assets are distributed.

Will Reviews and Rewrites

You may already have a will in place. However, personal circumstances can change, as can the law, therefore what was right for you and your estate before may not be the best plan now. We at Amber Law are more than happy to review your current plan, making sure it is still right for you and ensuring you planning is up to date. 

Estate Planning Advice

Your “estate” includes everything that you have of value. That can include everything from your home, car and jewellery to savings and investments. We can advise you on what planning is best to include in your will to ensure your final wishes are met. This advice ranges from including the best type of trust in your will to protect your assets for your family, or to make the most of the allowances available to you in which to minimise the amount of inheritance tax you will pay, safeguarding the financial stability of your loved ones. 

Professional Storage of Your Will

The original versions of legal documents, such as Wills and Powers of Attorney are the only legally binding versions. Scans, photocopies and computer records are not legally valid because they don’t have your original signature on them. The original Will is your only Will and must be kept safely. After going to the effort of writing a will why risk losing it or it being destroyed. In a worst-case scenario, an original will lost or destroyed, your executors may be forced to rely on an earlier will or assume that you had no will at all. Talk to us about professional will storage and make sure that your last will and testament is safely protected and easy to access, when the time comes.