Wills & Probate

You should make a will to make sure your possessions and assets go to the people you want, not who the State says.

You can name your Executor, Guardians for your children and say how your funeral should be dealt with.

If you don't make a Will it may get complicated. For example, there is no executor who can take charge and look after things straight away. If you leave a spouse and children, the spouse gets a limited amount.

If you have a will probate is an official form needed to deal with the assets. It may not be needed with small value estates. Solicitors can be appointed to obtain Probate to save the Executors the trouble of making applications in person to the Probate Registry.

Inheritance Tax may be payable if your assets plus any gifts you made in the last 7 years total more than £325,000. There are exemptions. There are ways of minimising tax if the Will includes a Discretionary Trust. We will be happy to discuss your preferences and advise on the options.

On the death of a surviving spouse that estate can take advantage of double Inheritance Tax relief if the exempt part of the estate of the first spouse to die did not use that relief. This could mean that on the second spouse's death no Inheritance Tax will be paid on the first £650,000.

The cost of using us as Solicitors will be less than other institutions and may save your family a tax bill in the long run.

Lasting Powers of Attorney

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We can relieve the stress of form filling and and any worry of the executors by collecting the estate monies, transferring or selling any property, paying debts and funeral expenses, dealing with the Inland Revenue on tax matters and distributing the estate in accordance with the Will of the deceased. Advice on a Deed of Family Arrangement can also help to mitigate the effects of Inheritance Tax if prepared shortly after a death.

Partial Probate Assistance - is a scheme whereby we offer assistance in filling in the forms and getting the Grant for you. With the Grant obtained you can then carry out the Testator's wishes. We can assist with as much advice as you require and you only pay for what we actually do for you.

Contact Us:

Phone: 01208 76969
Out of hours: 07778 496058
Email: cnicholls@cnicholls.co.uk

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