Do you need to amend your Will in Warrington?
It is important to review your Will if your situation changes, such as: If you divorce or separate; if you have a child; if you move house; or if an executor named in the Will dies, to name just a few examples. We can assist you and advise you if it is appropriate to make any changes to your Will, so it meets your individual circumstances.
Planning for inheritance tax and lasting power of attorney in Warrington
We can advise and assist you with the practical implications of your Will, including the effect of Inheritance Tax. Currently, the rate is 40 per cent but there are certain exemptions from Inheritance Tax. Taking financial advice early means you are in the best position to manage your tax liability, leaving a larger inheritance after your death to those you love.
Appointing a Lasting Power of Attorney (LPA) can also protect you and those you love, in case you are no longer able to make decisions for yourself. This could be due to dementia, a head injury from an accident or if you were in a coma. It allows you to choose someone you trust to make decisions on your behalf. This could be as basic as paying your bills, managing your accounts and cancelling subscriptions. No-one has the right to handle these affairs for you without the LPA. Without the LPA in place, it can be distressing and costly for your family.