Question 1

Why is it important to have a will?

Accepted Answer

A will records your wishes in writing. Without one, your estate is distributed according to the rules that apply where you live, which may not reflect your intentions. A will can also record who you would like to act as executor and, where relevant, your guardianship preferences.

Question 2

When should I update my will?

Accepted Answer

It is generally sensible to review your will after a significant change, such as marriage, separation, the birth of a child, the purchase or sale of property, a change in business interests, or the death of a beneficiary or executor. Many people also review their arrangements periodically.

Question 3

What is the purpose of a trust?

Accepted Answer

A trust is an arrangement where assets are held by trustees for the benefit of others. Trusts are sometimes used to manage how and when assets are passed on. Whether a trust is appropriate depends entirely on individual circumstances, and it is not suitable for everyone.

Question 4

What is a Lasting Power of Attorney?

Accepted Answer

A Lasting Power of Attorney allows you to appoint people you trust to make decisions on your behalf if you are unable to do so. There are separate arrangements covering property and financial affairs and health and welfare decisions.

Question 5

What information should I prepare before a consultation?

Accepted Answer

It helps to bring an outline of your assets and liabilities, details of any property, business interests or policies, the names of the people you would like to benefit or appoint, and copies of any existing wills or planning documents.

Question 6

How long does the process usually take?

Accepted Answer

This depends on the complexity of your circumstances and how quickly information and reviews are returned. We will set out an expected timescale during your consultation.

Question 7

Will you tell me if I need other professional advice?

Accepted Answer

Yes. Where a matter falls outside the scope of our service, we will say so and, where appropriate, suggest that you obtain advice from a suitably qualified legal, financial or tax professional.

Question 8

Is my information kept confidential?

Accepted Answer

Personal and financial information shared with us is treated confidentially and handled in line with our privacy policy.

Frequently Asked Questions

Your Future Deserves More Than a Template