Philip Anthony Associates Ltd

Professional Will Writing &

Estate Planning Practitioners

 

The Society of Will Writers - Logo TAS Network

 

  • Lasting Power

    of Attorney

    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

    Planning

    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

     

  • Property &

    Asset Protection

    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

  • Will Writing

    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.

     

    Contact us for more details or see our Wills section

     

  • Will Storage

    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.

     

    At PA Associates we arrange for storage in a secure facility, where your  documents are fully protected and insured. Talk to us today about Will Storage or see here for more details

     

  • Probate

    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

     

Frequently asked Questions

We are asked lots of questions from Clients. Here are some of the more regular ones that arise and our Answers. For further information please request a Free Call back by clicking here...

 

 

• Who are The Society of Will Writers?

 

The Society is the UK’s main regulatory body for independent Will writers. As well as ensuring continual training and development the Society also ensures that its members retain Professional Indemnity Insurance.

 

• Why should I make a Will?

 

Making a Will is the only way to ensure that your money and possessions are left to the persons you have chosen. Also a will is the only place where you can appoint executors for your minor children.

 

 

• Who should I appoint as my Executors?

 

Executors are the people appointed by a will to carry out the instruction of the will. You can appoint up to a maximum of 4 executors, it is always advisable to appoint reserve executors.

 

If a professional executor (bank, solicitor or trust corporation) are appointed they will charge for their service.

 

 

• Can my executors be a beneficiary?

 

Yes

 

 

• Can my executors also be guardians?

 

Yes

 

 

• Do I need to list everything that I own in my estate?

 

No, but if you wish to leave specific objects or gifts of money to certain people these need to be mentioned. Anything else not listed is dealt with in the residue of estate.

 

 

• Do gifts and legacies have to be under a certain value?

 

No. A gift can be of any value.

 

 

• Can I leave a gift to a charity?

 

Yes, but you need to give the full name, address and registered number of that charity.

 

 

• What would happen if the person I’ve left a legacy to,

                                                                           dies before I do?

 

Normally the gift would go back in to the estate unless a substitute beneficiary is named.

 

 

• What is the residue?

 

The residue is everything that remains after specific gifts are paid and after payment of all debts, taxes and expenses. There is no need to itemise the residue it can simply be left in percentage shares if it is being left to more than one person.

 

 

• Can I make provision in my Will for any funeral requests

                                                                     or medical donation?

 

Yes. You can state if you wish to buried or cremated and include any other specific requests. It is important to inform executors if you have any specific requests in case the will is not seen until after your funeral. Remember they are only wishes and the clause is not binding.

 

 

• Am I able to cancel my Will?

 

You can always cancel your Will by either destroying the original or by making a new Will.

 

 

 

• What should I do with my Will?

 

We offer clients a safe storage facility. It is very important that executors know where the will is when required.

 

 

• What happens if our circumstances change?

 

Clients should review their wills every three to five years. Remember, if you take advantage of our storage service your Will can normally be updated without any additional charge.

 

 

• Do I need to change my will if my executors change address?

 

No

 

 

• What happens to assets that I own jointly with my

                                                                            spouse/partner?

 

These assets pass outside of your will and automatically pass to the survivor.

 

 

• Why is the wording in a Will so complicated?

 

It is argued that key clauses are ‘tried and tested in a court of law’. We use modern text to produce easily understood Wills. Plus you can receive a summary to explain the content of your Will in plain English if required.

 

 

• Do I need to use a solicitor to Make a Will?

 

No. To be legally valid a Will does not have to have been written by a Solicitor. Provided it is correctly worded, who actually wrote your Will is irrelevant. Furthermore, to be legally binding a Will does not have to be witnessed by a Solicitor either; it can be witnessed by any two competent people who are not beneficiaries or directly related to a beneficiary.

 

 

• What are Tenants in Common?

 

This is a way of 2 to 4 people owning a house, so they can each control their share of the house in their Will. If you own a house Jointly, it automatically passes to the surviving owner when you die, it is not controlled by your Will. If you own the property as Tenants in Common you can leave your share to who ever you want.

 

 

• What is a Lasting Power of Attorney?

 

A Lasting Power of Attorney should be considered by everyone over the age of 40. It is a document that sets out your wishes in the event you cannot carry them out yourself. Unlike a General Power of Attorney this document will be valid should you lose mental capacity and will enable your appointed attorney to carry out all of your wishes from financial & property matters to personal welfare. A Lasting Power of Attorney can be drafted and kept until such time as it is needed. Your Lasting Power of Attorney must be registered with the Office of the Public Guardian before it can be used.

 

 

  • Business Protection

    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

  • Estate Planning

    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

  • Lifetime Trusts

    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.

     

    Talk to us today about a Lifetime Trust or see more details here

     

  • 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?

     

    If the answer to these questions is YES, then talk to us  about a Property Trust Will today. Contact us today or go to our Trusts page for more info

  • FLIT Trusts

     

    Flexible Life

    Interest Trust

     

    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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