Wills & Trusts
When it comes to planning for the future our Wills and trusts team have a wealth of experience.
They provide comprehensive, proactive advice to ensure that your affairs are in order and that you make the most of your assets for future generations.
We will listen to you and take time to understand your individual requirements in order to provide tailored solutions that reflect your wishes, while ensuring that you maintain as much control as possible over your financial affairs.
While the prospect of clearly documenting your wishes may not be very inviting, it does prevent much greater upset and distress for your loved ones in the future.
A Will is a very important document and putting one in place now will give you the security and peace of mind to focus on other things.
We will guide you through the Will making process, assess your Inheritance Tax liability and help you plan efficiently for the future.
Lasting Power of Attorney
We rarely stop to contemplate what could happen if we were rendered incapable, especially in extreme cases of physical or mental incapacity.
In such cases, who could you rely on to make key decisions on your behalf?
Family members or key employees might provide a short-term solution, but should your incapacity continue for any length of time, you need to protect yourself by ensuring you have a representative in place who has your best interests at heart and the authority to take action on your behalf.
The team at David Allen can help you complete the necessary paperwork and follow the correct procedures to register your lasting power of attorney with The Office of the Public Guardian.
A trust is a legal arrangement whereby one or more trustees are made responsible for assets which are placed in a trust for the benefit of beneficiaries.
There are different types of trusts and they can be set up for a number of different reasons, whether it is to control and protect family assets or to pass money on to loved ones now or after you’re gone, via your Will.
All trustees are under a duty to account to the beneficiaries for the way in which they manage assets that are placed under their control.
At David Allen we have specialist expertise in meeting the accounting and taxation requirements of trusts. Our trust team have close relationships with a number of solicitors, both locally and nationally, and are here to give you the right advice both when considering setting up a trust and once the trust has been established.
Probate and Estate Administration
Being appointed as an executor of a Will can be a daunting and stressful experience. When you have lost someone close to you, a mountain of paperwork is the last thing that you want to have to think about.
In addition to this, many of those who are named as executors in a Will are not aware of the legal requirements placed on them in administering the estate, including matters such as filing a tax return and preparing estate accounts.
This is where our team of specialists at David Allen will help you with this important role by undertaking all of the administration of the estate, including completing all necessary paperwork, obtaining the grant of probate, calculating any Inheritance Tax due, arranging for any other expenses to be settled and collecting in and distributing the assets. We will also ensure that the wishes of the deceased are put in place as soon as possible.