Knowing that your personal affairs are properly organised for the time when you are no longer around, or when you are unable to make decisions for yourself will also give you and your loved ones peace of mind. At Parchment Solicitors, based in Gerrards Cross in Buckinghamshire, we specialise in Wills, Probate, Lasting Powers of Attorney and Trusts, Later Life and Inheritance Tax Planning, as well as other legal services such as Conveyancing.
Our experienced team understands that planning ahead so that your loved ones' lives are made easier involves thinking about some challenging issues. To help you, we provide sensitive, constructive advice, individually tailored to your specific needs and wishes. We explain issues to you in plain English rather than confusing legal jargon.
Our experienced team understands that planning ahead so that your loved ones' lives are made easier involves thinking about some challenging issues. To help you, we provide sensitive, constructive advice, individually tailored to your specific needs and wishes. We explain issues to you in plain English rather than confusing legal jargon.
Services
PARCHMENT Solicitors is a new style law firm known as an Alternative Business Structure (ABS) formed as a result of recent legislation allowing Solicitors and non-Solicitors to form partnerships. This allows us to be able to offer a more commercial service to our clients with a fresh approach to running our business.
Quite simply, a Will is a document that sets out what you want to happen to your assets after you die, i.e. your money, property and worldly goods. To be valid it must be drawn up in a way that makes your intentions and wishes clear and must be signed and witnessed in accordance with the law. There are also many technical issues that can be addressed in a Will to incorporate Estate planning to address tax issues and later life matters.
A Lasting Power of Attorney is a form of legal authority given by you to the people you love and trust to deal with your affairs should you lose mental capacity to deal with matters yourself in your lifetime. An LPA is not valid after death. There are two types - one deals with Property and Financial matters and the other deals with Health and Welfare matters.
Probate is a commonly used word that means the procedure for administering the Estate of a deceased person. This involves the valuation of assets and liabilities, approval by the Courts that everything is in order followed by collection of the assets and settlement of liabilities, finalising any tax matters then distributing the remainder of the Estate according to the terms of the deceased's Will (or intestacy if there is no Will).
It is a statistical fact that we are all living longer and yet most of us are not making proper plans for later life. This includes making a Will and an LPA - but also possibly creating Trusts mitigating potential Inheritance Tax and planning for possible long- term care needs. Good forward planning of your financial and property matters can avoid future family disputes and the risk of your Estate being diminished in the future.
