A Lasting Power of Attorney (LPA) allows you to appoint a person you trust to manage your affairs should you no longer be able to do so yourself.
Without an LPA, should you become incapacitated the only way that a person can manage your affairs for you is to apply to the Court of Protection.
This can cost up to £2,000 and take up to 10 months.
Click here to contact us to discuss how PA Associates can help you with an LPA
Long Term Care
If you or a family member face the prospect of moving into a nursing home, then it's essential that a Long Term Care Plan is in place.
From funding care and Powers of Attorney to Inheritance Tax, we can help you to put in place the fundamentals to support you and your family.
Contact us today to discuss Long Term Care Planning
Every year over 70,000 homes are sold to fund long term care for the elderly, leaving the home owner with nothing to pass on to their descendants.
It is illegal to transfer your own property to relatives with the aim of avoiding paying for long term care, yet it is possible to protect your property using a Protective Will Property Trust.
For more details see our "Trusts" section
Many people assume that if they die without having made a Will their assets and possessions will be passed to their spouse or nearest living relative.
This is not always the case. A Will ensures any money, property or possessions are inherited by the people YOU choose.
With a correctly signed and witnessed Will, it's crucial if your wishes are to be carried out, that the Will is not lost or destroyed by accident. Safe storage of your documents is therefore critical.
Probate is the legal process of administering the estate of a person who has died, and, after deducting debts and other liabilities, transferring that person's money and possessions to the people who will inherit them: their beneficiaries.
From closing bank accounts to selling the house to setting up trusts, we can help support and manage Probate for you. Call us today to discuss our Probate Service or see our Probate page for more info
At PA Associates we work in partnership with Kings Court Trust Ltd, who are probate and estate administration specialists, to offer our Clients and their families free practical advice and support when someone passes away.
When a person dies, someone has to deal with their affairs. This person(s) is either named in the Will as Executor or is the next of kin if there is no valid Will.
They are responsible for collecting in all monies, paying debts and correctly distributing the estate. This whole process is called Estate Administration and part of the process may involve having to apply for “Probate.”
Probate means obtaining a legal document to prove you have authority to deal with the estate. Probate is often required, for example before banks will release large sums of money that were in the deceased’s sole name or before a property can be sold.
Every case is unique. The requirement for Probate is dependent on how assets were owned and their value, rather than whether or not the deceased made a Will.
Dealing with an estate and applying for Probate can be a daunting, time-consuming and complicated process.
We offer a range of flexible and fixed price Probate services. Whether you need a professional to carry out the entire process or are looking to do some of the work yourself, we can help.
We can take full legal and financial responsibility for administering an estate, from beginning to end.
As part of our service, you can request a no-obligation home visit, at no cost to you. We will guide you through the process and explain exactly what tasks need to be completed. We provide an all-inclusive fixed price for the work required, so you have peace of mind there are no hidden costs and no ticking meter.
If you are considering administering an estate yourself, we provide a range of ‘Assist’ services to fit around you, depending on the level of support you require.
Contact us today on 0800 9700 649 if you would like to know more about our Probate services or if you simply want to chat through your next steps.
Whether you are a Sole Proprietor, in Partnership or a Shareholding Director of a Ltd Company, dying without a Will can have a devastating effect on the future success of a business, resulting in substantial problems not only for the members of the business but also their families.
Help protect your business and family by putting in place the right planning. Take a look at our Business Owners Section
Making a Will and planning to protect and preserve your wealth for your family, is one of the most important things that you will ever do.
At PA Associates we can provide tailor made solutions for your circumstances and objectives, making the experience as easy, convenient and affordable as possible.
See our "You & Your Family" section for our services
Placing your home and/or other assets in trust whilst you are still alive can provide numerous benefits to you and your family.
Benefits can include protecting your home and other assets from having to be used to pay care home fees and avoiding Inheritance Tax.
Vulnerable Person Trust
A Vulnerable Person Trust provides the protection of a standard Discretionary Trust but combines an advantageous taxation regime and allows the Trustees, to use the Trust fund to pay for any needs that the vulnerable person may have. For more details click here
Property Trust Wills
Does the possibility of your home having to be sold to pay for care fees concern you?
Does the thought of leaving a drastically reduced portion of your hard earned estate to your children, upset you?
A Flexible Life Interest Trust (FLIT) in your Will offers greater peace of mind if you have significant assets or investments as well as property, and wish to protect their value for future generations. See more details here
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