Our services include:
- Initial Support
- Family Meeting and Support
- Paperwork and Administrative Support
- Taking Care of Assets
- Concluding Matters including dealing with inheritance tax and Income and Capital Gains Tax, liabilities in the administration period, with a full statement of all assets received and distributed at the end.
We can then arrange secure and safe storage of the Will, providing you with a copy and checklist of actions for your family available - and we will always endeavour to keep you abreast of future legislative changes that require any changes to be made.
With your fees, it is very much varied dependant of the nature of your needs. As a guideline prices start from:
Single from £300 + VAT
Pair from £450 + VAT
Single person one LPA from £300 + VAT
Single person both LPAs from £450 + VAT
Couple one LPA each from £600 + VAT
Couple both LPAs each from £750 + VAT
Estate and trust administration
Charged on an hourly basis at a rate of £275 + VAT
Any additional work needed will of course be discussed and agreed with you prior to commencement.
Making Your WillMany of us would rather not think about making a Will, but a Will can be the most important document that we ever sign. Proper advice is essential and can make a huge difference to the provision you make for those close to you. We have extensive experience of drawing up Wills and we can, if you wish, act as professional and reliable Executors.
If you have a more complex situation, we are more than happy to advise you upon whether a Will Trust should be considered and on the best type of trust to use according to your needs and circumstances. Will Trusts can also help to preserve your assets against care home fees.
Finally, we recommend to our clients that they review their Wills every three to five years to ensure that they are kept up to date. If your Will is more than three years old or circumstances have changed since it was drawn up, we will be more than happy to meet with you for a free Will Review.
Please complete our Wills Instruction Questionnaire in order that we can provide you with the correct advice. Please forward this to us at, email@example.com, in order that we can make an appointment for you to attend our offices or if an appointment has already been made, please bring the completed form with you to the appointment.
Probate and Estate AdministrationInheritance Tax (IHT) is not only for the super wealthy. If all your assets, including your home are worth £325,000 or over you could be caught out!
Having suitable IHT provisions could help save your loved ones a significant amount of money. In fact, with no plans in place the tax man can take a massive 40% of everything you own above the current IHT threshold of £325,000. Instruction of a specialist tax planning and probate lawyer at Edward Hayes can save you and your family a fortune. There are numerous essential measures that can be taken in terms of tax planning and even at the probate stage where assets can be redirected in certain circumstances. If you are involved in a probate or tax planning issue, you should seek out our valuable advice and guidance.
When someone close to you dies we know that there are many issues more pressing than dealing with their estate. We will help you at this difficult and stressful time to ensure that everything is dealt with as smoothly and efficiently as possible.
We have many years of specialist experience in this area and are used to dealing with all the complications that can arise, including negotiations with HM Revenue & Customs regarding Inheritance Tax and dealing with enquiries from the Department for Work and Pensions.
Trust AdministrationWhere a Trust has been created under someone's Will, we are able to administer the Trust professionally and efficiently to ensure that the beneficiaries are looked after and the Trustees understand their powers and responsibilities and make proper use of them.
We are also able to provide advice on and explanation of the various factors that a Trustee must consider and the various tax implications of any proposed decision.
Powers of AttorneyA Power of Attorney authorises another person to look after your affairs for you. We are able to advise you on and help you with
Lasting Powers of Attorney (LPAs) - these give authority for someone to look after your affairs when you become too ill to do so yourself. These need to be drawn up and then registered before they can be used. We are able to advise you on both these elements and can provide advice to your Attorneys on how they should act when the LPA is registered.
Enduring Powers of Attorney (EPAs) - these are the equivalent of LPAs, but were replaced by LPAs from October 2007. EPAs made before then remain valid and do need to be registered when the person who made it begins to lose their mental capacity. We can guide your Attorneys through the complicated registration process to make sure that they can continue to look after you properly.
General Powers of Attorney (GPAs) - these are used to instruct someone to act on your behalf when you are unable to act, but well enough to do so. For example, they are often used where you are going to be out of the country and there are documents that will need to be signed on your behalf. We can implement your instructions to ensure that there are no complications when your General Power of Attorney needs to be used.
Court of Protection ApplicationsIf someone is too ill to make a Lasting Power of Attorney and has not already made an Enduring or Lasting Power of Attorney, a friend or relative can still apply to look after their affairs rather than the State appointing itself.
Applying to the Court of Protection to be appointed a Deputy for someone's affairs is a very complicated and form-heavy process, but we can guide you through it, relieve the burden and ensure that the order is obtained from the Court as quickly as possible so that you can get on with looking after your loved one.