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Susan Shuttle
Private Client Solicitor
Wills
Contents of a Legal Binding Will
• Executors
• Funeral wishes
• Guardians for children
• Mutual Wills
• Beneficiaries
• Protection of assets for
beneficiaries – Trusts and Life
Interests in property
• Tax advice
When a person dies without a Will
• Government decide who will be
your administrators.
• Your funeral wishes may not be
followed
• Your children may be placed in
care.
• Government dictate where your
assets pass.
• No tax planning
Lasting Powers of Attorney (LPAs)
Financial and Property LPA & Health
and Welfare LPA
• You can chose your Attorneys.
• You can include wishes and instructions such
as:-
Whether you wish to have
treatment to prolong your life if you
are vegetive state
Whether you wish to go into a care
home
• Where you wish your money to be invested.
• In the Property and Financial LPA, you can
state that your Attorneys can assist you whilst
you have mental capacity but lack physical
capacity.
If a person lacks capacity without an
LPA, a Deputyship Order is required
• Loved ones have to apply to the Court of
Protection to become your Deputy
• The Local Authority could be appointed as
your Deputy.
• This is a lengthily process
• It is costly
• During the process your loved ones cannot
make decisions about your health and your
welfare.
I assist Executors with obtaining a Grant of Probate and Administrators
with Grants of Letters of Administration. This includes:-
• Collating the value of the deceased’s assets.
• Preparing tax forms
• Preparing court applications to obtain a Grant.
• Preparing estate accounts
• Distributing the estate
• Preparing Deeds of Variation.
Post Death Services
Trusts
Trust of Land
I prepare Declarations of Trust which state:-
• Individual shares in a property
• What would happen if a party wants to
sell the property
• Who pays the bills/mortgages and in
what percentages
This saves the need to apply to court if the
co-owners fall out.
This also saves time and money
Other Trusts
I prepare Lifetime Trusts and Will Trusts
such as:-
• Discretionary Trusts
• Vulnerable Person’s Trust
• Life Interest Trusts of land

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Setfords Solicitors Feature Presentation

  • 2. Wills Contents of a Legal Binding Will • Executors • Funeral wishes • Guardians for children • Mutual Wills • Beneficiaries • Protection of assets for beneficiaries – Trusts and Life Interests in property • Tax advice When a person dies without a Will • Government decide who will be your administrators. • Your funeral wishes may not be followed • Your children may be placed in care. • Government dictate where your assets pass. • No tax planning
  • 3. Lasting Powers of Attorney (LPAs) Financial and Property LPA & Health and Welfare LPA • You can chose your Attorneys. • You can include wishes and instructions such as:- Whether you wish to have treatment to prolong your life if you are vegetive state Whether you wish to go into a care home • Where you wish your money to be invested. • In the Property and Financial LPA, you can state that your Attorneys can assist you whilst you have mental capacity but lack physical capacity. If a person lacks capacity without an LPA, a Deputyship Order is required • Loved ones have to apply to the Court of Protection to become your Deputy • The Local Authority could be appointed as your Deputy. • This is a lengthily process • It is costly • During the process your loved ones cannot make decisions about your health and your welfare.
  • 4. I assist Executors with obtaining a Grant of Probate and Administrators with Grants of Letters of Administration. This includes:- • Collating the value of the deceased’s assets. • Preparing tax forms • Preparing court applications to obtain a Grant. • Preparing estate accounts • Distributing the estate • Preparing Deeds of Variation. Post Death Services
  • 5. Trusts Trust of Land I prepare Declarations of Trust which state:- • Individual shares in a property • What would happen if a party wants to sell the property • Who pays the bills/mortgages and in what percentages This saves the need to apply to court if the co-owners fall out. This also saves time and money Other Trusts I prepare Lifetime Trusts and Will Trusts such as:- • Discretionary Trusts • Vulnerable Person’s Trust • Life Interest Trusts of land