Working with an experienced partner
We partner with a full-service family and inheritance law specialist that works with our advisers to support their financial and estate planning services – creating a more effective and streamlined process for both advisers and investors.
Our partner can advise on all of the legal aspects of estate planning, including will trust planning, powers of attorney, trust administration, the creation of lifetime trusts and deeds of variation, and respective post-death inheritance tax planning.
This partnership enables our advisers to draw upon specialist expertise, providing investors with peace of mind that their inheritance is being administered by experts.
To discuss a specific issue, request a quote, or simply find out what we have to offer, please complete this form and we will get in contact to discuss our partner’s Legal Services in more detail.
Powers of Attorney
Deeds of Variation
How it works
When an advisor is ready to introduce their client to our legal partner, we will make the necessary introductions and arrange an appointment to:
• Conduct a full review of the investor’s legal circumstances
• Provide appropriate legal and estate planning recommendations
Once an instruction has been received, our legal partner will usually produce all of the necessary documents within a week. Any opportunities for financial or investment advice will be automatically referred back to the adviser.
Making a Will
A Will states who inherits an estate, and is the only way to make sure that it goes to the right people. Not having one is classed as being ‘intestate’, and the estate is distributed according to the rules set by law – which do not cater for specific wishes and can mean that the wrong people may benefit. In some circumstances, assets may go to distant relatives or even pass to the Crown.
Although everyone knows they should have a Will, 60% of the UK adult population does not. And of the 40% that do have a Will, one in four do not reflect their wishes or are simply not valid – often due to a change of circumstance, or simply not signing the Will properly.
Lasting Power of Attorney
A Lasting Powers of Attorney (LPA) is a legal document that gives an attorney the legal authority to look after someone’s affairs or make decisions on their behalf if they are incapacitated or otherwise unable to so themselves. Conditions can be specified in the LPA, so the attorney acts in the client’s best interest.
LPAs are often thought to only be useful and appropriate for use with the elderly – however, this is a misconception that needs to be addressed. The younger generation need them also, especially those who participate in sports and other physical activities.
Currently only 6% of the population has either an LPA or an Enduring Power of Attorney (EPA) – but these are a protection product which is as important as any other, such as life insurance or buildings insurance.Find out more about Powers of Attorney