We recognise the need for our existing and potential clients to have confidence in the preparation of the legal documents required as part of the service we provide. As trained and qualified lawyers ourselves, we would rather our clients stayed with us than go off and have to find solicitors to work with for the preparation of their requirements with respect to Wills, trust and powers of attorney.
We are pleased to provide our clients with the services of a full-service law firm, as you may already be aware, Loftus Stowe Ltd is a corporate member of Private Client Solicitors LLP a law firm, authorised and regulated by the Solicitors Regulation Authority (SRA). Being a corporate member of a law firm allows us to seamlessly work with you on your tax/HR management issues. Our colleagues at Private Client Solicitors (or PCS as we fondly call them) are there to ensure that your legal documents are designed and built for your personal circumstances, delivered at a competitive fixed price, using smart technology.
Writing a Will means that you can decide who you want to benefit from your estate as your Will allows you to be in control. If you die without a Will, your estate will be distributed in mays you may not have wanted, and people may benefit who you do not wish to. If you already have a Will, the Finance Act 2008 amendments may mean that your Will needs reviewing. It’s also suggested that you update or renew your Will every few years or if you have a change in circumstances.
Not only can we offer Will writing services, trusts are another area we can provide you with peace of mind in. We can create a family trust us used where higher value assets are involved, these are used to help tackle issues which include:
- Protect assets from passing outside family in the event of divorce, remarried or bankruptcy;
- Ensure assets passed do not impact upon any tax relief;
- Mitigating Inheritance Tax; and
- Avoiding your assets being used to cover the costs of care.
Pilot trusts are used alongside a will and may receive assets emerging from specific legacies in the will, or from death in service benefits or other types of pension policies.
Lasting Power of Attorney (LPA)
An LPA is extremely important, yet many people are unaware of what they are and how they can protect you. The LPA is a legal document, which allows you to choose someone to manage your affairs on your behalf if you are no longer able. This person is called an Attorney and can be a friend, relative or even a professional; however you can choose more than one Attorney to act on your behalf. Each LPA is specific to each individual’s wishes and therefore this leads to there being two types of LPA:
- Property and Affairs LPA; and
- Personal Welfare LPA.
If you are interested in the services we offer through PCS, please speak with one of our following colleagues by calling the office on 01909 512 120 – or send an email to the contacts listed below. Rest assured: we don’t speak gobbledegook and will make every effort to explain Wills and Powers of Attorney to you in as straightforward a manner as we possibly can. In the meantime, we hope you enjoy the video!