FIDUCIARY SERVICES

How Service Should be!
  • Why do I need to make a Will?
  • Do I also need a Living Will?
  • Do I need a Trust?

 

 

Keeping hold of your accumulated wealth and making sure that it is ultimately distributed to those you had intended are the two main objectives of our fiduciary services. Our specialist asset protection division was established to make sure that your assets are appropriately sheltered and efficiently passed to your nominated beneficiaries.

It is also important to set out what you want to happen in the event of severe illnesses or life changing events that leave you unable to make decisions for yourself. With this in mind we offer three levels of assurance which start with the most basic and fundamental of documents – the Will.

Why do I need to make a Will?
A Will makes it much easier for your family or friends to sort everything out when you die – without a Will the process can be more time consuming and stressful. If you don’t write a Will, everything you own will be shared out in a standard way defied by the law – which isn’t always the way you might want.
A Will can help reduce the amount of Inheritance Tax (IHT) that may be payable on the value of the property and money you leave behind.
Writing a Will, which includes instructions on Guardianship and offers a Power of attorney, is especially important if you have children or other family members who depend on you financially, or if you want to leave something to people outside your immediate family.
Your documents will be drafted by a member of the UK Society of Will Writers and all Wills include optional Guardianship and separate Power of attorney instructions for when they are needed most.

Do I also need a Living Will?
The simple answer is yes. A living Will allows you to take care of ‘end of life’ decisions about care, medical treatment etc. This lasting power of attorney comes into effect if you are unable to make decisions for yourself and remains in effect until you die.

Do I need a Trust?
This depends on your asset base and the complexity of your estate. Not everybody has the need for a Trust, but it should definitely be carefully considered, rather than dismissed because you think that Trusts are only used by wealthy aristocrats.

Find out more about Fiduciary Services