There are few things more important to the long-term management of your financial affairs or estate than a clear and accurate will. The last thing you or anyone in your family want is a question of either the legitimacy or meaning of your will. Cases of contested wills can be quite sensational, leading to everything from furious infighting among family members to unwanted attention. Charles Dickens based the plot of Bleak House around just such an event: an exhaustive and ultimately futile legal dispute over a will. Ever since, his fictional case of Jarndyce v. Jarndyce has served as a cautionary tale of the all-too-real dangers of not preparing a proper will.
Cases of wills gone awry are as numerous as they are unnecessary, and with the help of the best probate lawyers in London, you can ensure that your last will and testament is made crystal clear.
Making a Will
The actual process of making a will can be quite intricate, and understandably so. Wills are extremely important and often nuanced legal documents, requiring the utmost care when being crafted. As such, you’ll want the help of a skilled probate to guide you through the various steps of drafting and endorsing a will. Should the need arise, a probate can also serve as the executor of a will and ensure that it is carried out to the letter in terms of financial and property-based inheritance.
Administration of Estates
One of the most important duties that any probate can undertake is that of the legal administrator of an estate. With so much at stake in the administration of an estate and the financial assets therein, all parties involved will want an impartial body who can act as an intermediary. Probates tasked with the administration of a given estate can handle everything from transfers of property from one party to another to the liquidation of assets and the tracing of beneficiaries in a case.
Inheritance Tax Planning
One of the most important aspects of planning a will is finding the method by which to best leave your financial assets to those included therein. One of the most important factors to consider in this regard are the methods by which inherited wealth can be tax-exempt. Probates can help you explore various legal scenarios under which the inheritance you leave behind can be most efficiently left to its recipients via gift allowances, specific tax exemptions, and special trust funds.
Disputes Over Wills
As noted, the last thing any party wants when it comes to the administration of a will is a dispute. If, however, you do feel that you have been wronged by way of a given will’s administration, or otherwise feel that a will is illegitimate or is being administered incorrectly, you’ll want to seek legal recourse, which in turn means you’ll want help from a trained probate. They can help ensure that wills are carried out fairly and, if you do indeed have a case to make, they will present it with the utmost clarity and eloquence before the proper authorities.
Don’t wait – get assistance from a great probate in London today!