Wills and probate in Plymouth
Whether you require specialist advice on inheritance tax and protecting your assets or just wish to get your affairs in order, the experienced and friendly team of Wills and probate solicitors at Woollcombe Yonge have got it covered.
Writing and reviewing a Will
Writing and reviewing a Will
Wills are possibly one of the most important documents of your life. A Will is a legal document that ensures that those closest to you are provided for and bring you peace of mind after you pass.
Woollcombe Yonge have a friendly and approachable specialist Wills and Probate team who are ready to help at any stage from writing a new valid Will to updating or rewriting your Will. Not only does a Will help with the smooth transition of assets after you’ve gone but getting a Will right can have a major impact on how little inheritance tax your beneficiaries have to pay.
Everyone should have a Will and even if you have one you should occasionally look to update or rewrite that Will as circumstances change.
We offer a personalised Will writing service, not just the templated approach favoured by other companies. If you want to talk to us about your Will, please contact us on 01752 660384.
Types of Will
Types of Will
There are four main types of Will for you to consider:
A Basic Will
This is what we traditionally think of as a Will, you can leave money and belongings to who you choose and appoint parental responsibility to a guardian if you have children under 18.
A Testamentary trust Will
This involves protecting your assets in trusts, particularly useful if you are leaving your estate to minors although you will need to consider appointing a trustee.
A Joint Will
Made by spouses or those within a civil partnership to state that if one were to pass the whole estate should be passed to the other partner.
A Living Will
If you are unsure about what to consider when writing a new Will or updating a pre-existing Will then our blogs can help to give you an overview of everything you need to know.
Powers of Attorney
Powers of Attorney
Whilst you may take great care over managing your savings, your property and your business interests, there may come a time when you need some assistance.
Appointing an attorney will ensure that someone you have chosen can assist you or even take over managing your property and financial affairs at a time of ill health, frailty or losing your mental ability to manage them yourself.
You can even appoint an attorney to make decisions for you regarding your health and welfare.
The forms required and the procedure can be quite daunting to complete. We can guide you through these, explaining what attorneys can do discussing with you any guidance and instructions you wish to give them. We find that our plain English approach is incredibly helpful when discussing planning, whether it is for long-term care, Powers of Attorney, Court of Protection, Equity Release or Wills.
If you have a legal requirement, then please call us on 01752 660384.
When somebody close to you dies
Losing a loved one is never an easy time but our professional and experienced approach at Woollcombe Yonge means that you will always be treated with warmth and sensitivity as our Wills and probate team guide you through the probate and administration process.
When somebody close to you dies
Minimising inheritance tax liability
Whilst death and taxes may be the two certainties in life we all face, nobody wishes to pay more inheritance tax than is necessary.
There are various allowances and exemptions available to minimise how much inheritance tax is due on your estate and we can advise you on all of them to ensure the amounts received by your beneficiaries are maximised. After all, you will have worked hard to accumulate your estate and paid tax along the way.
If you need to talk to the team about a tax-related issue, please contact the team on 01752 660 384
Minimising inheritance tax liability
Protecting your assets with trusts
Trusts are a great way of protecting assets in a lot of different situations. Perhaps you need to provide for someone who is not capable of managing the money themselves. You wish to set up a fund to provide for future generations, or make sure your affairs are arranged in a tax efficient manner. A trust may be the answer to all of these. We are experienced not only in advising on what type of trust may be right or you but also their creation and management. Contact us on 01752 660 384 to see if a trust is the solution you are looking for.
Protecting your assets with trusts
Using Court of Protection to help support you
Using Court of Protection to help support you
The Court of Protection considers the affairs of those vulnerable in our society due to mental incapacity; whether this is due to brain injury, learning difficulty, dementia or other mental impairment.
If someone lacks the mental ability to manage their affairs and they have not set up a power of attorney then it may be necessary to apply to the Court of Protection to have someone appointed as the Deputy to ensure that bills can be paid, benefits received and decisions made concerning how their money is spent and invested. On occasions, Deputies can also be appointed to make decisions about someone’s personal welfare.
The application process can be lengthy and complicated. We are experienced not only in making such actions but also acting as professional Deputies and advising lay Deputies on their duties.
We can also assist with one-off applications to the Court, for example, to seek permission to sell a property, make gifts or to make what is known as a Statutory Will on behalf of the person lacking mental capacity.
Please call our specialist team on 01752 660384 to see how we can assist.
Wills, Trust and Probate client
"The Woollcombe Yonge service is exemplary, I can't fault the quality of anything they delivered".