Wilson’s Wills has been set up by Jeremy Wilson. For thirty
five years Jeremy has been a solicitor advising clients over wills,
powers of attorney, trusts, tax and care planning. His career
culminated in him being a partner and head of a very successful
private client department in a regional firm of solicitors.
He has retired as a solicitor to become a Will Writer and now
wants to provide a similar service to the people of Bournemouth.
Many people associate a will as the document specifying who inherits what from your hard earned assets. Although this is true it is important to understand that a properly drafted will can achieve so much more.
For many couples there is the understandable fear of the cost of long-term care should the surviving spouse need to go into a residential or nursing home. If done correctly a will can protect a significant proportion of assets in this situation. There are other steps that could protect your home and other capital. Check out Long Term Care in our services.
Other situations where a properly drafted will or trust is essential are:
- Should one of your family have learning difficulties a trust either set up in your lifetime or in your will can protect assets for them. This can also be used to avoid the use of the Court of Protection.
- Should one of your family be on means tested benefits a lifetime trust or one in your will would ensure that they will still benefit from your estate without losing these benefits.
- Should one of your children be going through a divorce a will trust would protect their share and go a long way to ensuring the other party in the divorce cannot claim a share of the inheritance if you died before the financial arrangements had been finalised.
- Should you be part of a blended family you need to ensure that your spouse or partner is protected but that your own children ultimately inherit. A properly drawn will would create this protection.
In addition to a properly drafted will you must consider the preparation of Lasting Powers of Attorney for Finance and Welfare.
If you would like to know more about wills and powers of attorney why not come to one of my free seminars or contact me for an appointment.
