Estate Planning Leicestershire

Secure Your Legacy with Complete Estate Planning Leicestershire

Ensure your loved ones are cared for. Your wishes honoured. And your financial legacy preserved. Estate planning gives you control over your assets. Reduces tax burdens, and provides peace of mind for future generations.

Covering all of England & Wales. Avoid inheritance act disputes.

What is Estate Planning Leicestershire?

Estate planning in the UK is the process of organizing and arranging for the management and distribution of your assets and responsibilities after your death or in case of incapacitation. With proper estate planning, it typically includes creating a will, setting up trusts. Call our team today!

Also assigning powers of attorney, and establishing healthcare directives for homeowners. Including communicating through email, to ensure that your financial, personal, and health-related wishes are respected, while also considering potential care fees and Inheritance Tax (IHT) implications.

By planning your estate, you can help minimize taxes and legal fees, avoid family disputes, and make certain that your loved ones are cared for according to your wishes.

Our will writing services can also help with inheritance tax planning. We work closely with our private clients solicitor. To help your financial planning. With years of experience we can complete the whole process.

So that you make the right decisions even in a difficult time. Our will writers can help with mirror wills, deed of variation, a range of trusts and are part of the solicitors regulation authority. Our estate practitioners can offer expert advice. Can help your loved ones navigate the impact of inheritance tax. Offer financial support in the estate management.

Benefits of Estate Planning Leicestershire

Ensure Your Wishes Are Followed: Decide how your estate is distributed, rather than leaving it to the court’s discretion.
Reduce Tax Burden: Minimise inheritance tax liabilities for your family.
Prevent Delays: Estate planning allows for the efficient transfer of assets.
Maintain Control: Appoint trusted individuals to make decisions on your behalf if you’re no longer able to.
Peace of Mind: Provide clarity and reduce legal complications for your loved ones.

How Does estate planning Leicestershire Work?

1. Prepare a Valid Will
A will defines who inherits your assets and names an executor to ensure your wishes are carried out. Without one, the rules of intestacy will determine asset distribution, which may not align with your true intentions.

2. Create a Lasting Power of Attorney (LPA)
An LPA allows you to delegate decision-making power to trusted individuals if you’re incapacitated. This covers financial and property-related decisions during your lifetime.

Get independent legal advice. The grant of probate can be hard to understand. To create a lasting power of attorney you have to prove you have mental capacity. This can be verified by solicitors today.

3. Minimise Your Tax Liability
Use strategies like gifts, trusts, or allowances to reduce inheritance tax. Planning in advance ensures your wealth goes where you intend.

4. Consider Setting Up a Trust
Trusts are versatile tools for protecting your assets, safeguarding vulnerable dependants, and controlling when beneficiaries access their inheritance.

Why Choose Us for Estate Planning Leicestershire?

We provide expert advice on estate planning, offering tailored solutions to safeguard your financial and personal legacy.

By understanding your unique situation, we create a comprehensive estate plan that meets both your current needs and long-term goals.

When Should I Start
Estate Planning?

It's never too early to begin. We recommend starting as soon as you become a legal adult and revisiting your plan periodically to keep it current.

What Happens If I Don’t Make an Estate Plan?

Without an estate plan, your assets are distributed based on the rules of intestacy. This may result in unintended outcomes that don’t reflect your wishes.

Are Trusts Only
for the Wealthy?

Not at all. Trusts can benefit any estate size, offering flexibility in managing and protecting assets.
Speak to a professional to determine if a trust suits your needs.

How Can I Reduce My Family’s Tax Burden?

Inheritance tax can often be reduced through careful planning, use of exemptions, and efficient allocation of assets like gifts or trusts.

Parties Involved in Estate Planning Leicestershire

Estate planning involves several key parties, each playing an important role in the process. Here are the primary participants:

The Testator/Grantor: This is the individual who creates the estate plan, outlining their wishes regarding asset distribution, guardianship of dependents, and healthcare decisions.
Beneficiaries: These are the individuals or entities designated to receive the testator’s assets after their passing. Beneficiaries can include family members, friends, charities, or organizations.
Executor/Personal Representative: Appointed in the will, this person is responsible for managing the estate after the testator’s death. Their duties include settling debts, distributing assets according to the will, and handling legal matters related to the estate.
Trustee: If a trust is established, the trustee manages the assets held in the trust according to the terms set by the grantor. The trustee has a fiduciary duty to act in the best interests of the beneficiaries.
Power of Attorney (POA): This individual is authorized to make financial or legal decisions on behalf of the testator if they become incapacitated. The POA acts in accordance with the testator’s wishes and best interests.
Healthcare Proxy/Agent: This person is designated to make medical decisions for the testator if they are unable to communicate their preferences. They ensure that healthcare directives are followed.
Estate Planning Attorney: A legal professional specializing in estate planning, they provide guidance, draft necessary documents (such as wills and trusts), and help navigate legal requirements.
Financial Advisor: An expert who assists in the financial aspects of estate planning, helping to assess assets, develop strategies for wealth preservation, and minimize tax implications.

Why Choose Direct Wills Trusts Leicestershire?

At Direct Wills Trusts Leicestershire, our dedicated team of estate planning Leicestershire experts is committed to helping you create a comprehensive plan that reflects your values and goals. Here’s what sets us apart:

Personalized Approach: We understand that each individual’s situation is unique. Our estate planning specialists take the time to listen to your concerns and tailor solutions to fit your specific needs.
Expert Guidance: With extensive knowledge and experience in estate planning, our professionals will navigate you through the legal intricacies, ensuring that every detail is addressed.
Transparent Process: We believe in open communication. Our team will explain each step of the process clearly, empowering you to make informed decisions about your estate.
Ongoing Support: Estate planning is not a one-time event; it’s an ongoing process.

We offer continued support and guidance as your circumstances change, ensuring your plan remains effective. Our estate planning services will protect your loved ones with grant of probate and probate issues. The deceased person’s estate can pass to your loved ones. If you do not do estate planning properly you can leave vulnerable beneficiaries, such as a child of the family without help. Our private client services can help civil partners to stay protected.

Take the First Step Toward Peace of Mind

Don’t leave your family’s future to chance. Secure your legacy and provide for your loved ones with a clear, comprehensive estate plan.

Speak to an expert today to start planning your estate and discover how we can help.