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Making a Will with Price & Kelway

Crafting a Will is a pivotal step in lifetime planning.

It not only ensures that your assets are distributed according to your wishes but also provides peace of mind for your loved ones during challenging times.

At Price & Kelway, we understand the intricacies of modern family dynamics, from step-children to second marriages, and ensure that your Will reflects your unique circumstances.

Why is a Will Essential?

Protection for Loved Ones:

  • A Will clarifies the distribution of your assets, ensuring your loved ones are taken care of.

Guardianship:

  • Appointing guardians in your Will ensures that your children are cared for by individuals you trust.

Inheritance Tax Planning:

  • Proper planning can help beneficiaries maximise their inheritance while minimising tax implications.

Charitable Contributions:

  • You can use your Will to support charities or other organisations close to your heart.

Avoiding Disputes:

  • A clear Will can prevent potential disputes among family members, especially when appointing independent executors where disagreements might arise.

Will Trusts & Planning for Complex Family Dynamics

Every family is different, and we pride ourselves on providing clear and detailed guidance tailored to everyone’s circumstances.

Whether it is navigating the complexities of second marriages or children from previous relationships, or managing the inheritance of vulnerable beneficiaries, each Will requires careful planning. Will trusts can be an effective tool in these scenarios, ensuring that assets are protected and distributed as intended.

Trusts are useful for:

Redirecting Assets:

  • Legitimate strategies can be employed to redirect assets, safeguarding them from long-term care fee assessments. A good example is a lifetime property trust. These trusts can provide a loved one with the right to benefit from an asset during their lifetime, but the asset itself remains protected from care fee calculations.

Protecting Assets:

  • Ensure your assets are shielded from risks such as remarriage, bankruptcy, or divorce of your beneficiaries.

Trusts for Special Needs:

  • For children with disabilities, specialised trusts can be set up to cater to their unique needs without affecting their entitlement to benefits.

Delaying Inheritance:

  • Create trusts that delay children from inheriting until they reach a more mature age, such as 21 or 25, ensuring they’re better equipped to manage their inheritance.

Our Approach

We believe in building strong relationships with our clients. Our dedicated team will work closely with you, ensuring the process is as straightforward as possible. Whether you have sensitivities surrounding your family structure, possess a complex estate, or need guidance on Will trusts, life interest trusts, and other specialised trusts, our experts are here to guide you.

Remote Will-Making Services

Understanding the evolving needs of our clients, especially in the current climate, we offer remote Will-making services. This includes taking instructions via video conference, verifying identification online, and providing guidance on signing the Will in compliance with legal formalities.

Professional Expertise over DIY

While DIY Will kits might seem cost-effective, they can lead to complications and disputes in the future. Our team’s expertise ensures that your Will is comprehensive, clear, and legally sound.

Choosing Price & Kelway as Your Professional Executors

Entrusting the execution of your Will to a professional can be a wise decision, and at Price & Kelway, we offer the option to act as your professional executors. By choosing us, you benefit from our vast experience and expertise in estate administration, ensuring that your wishes are carried out meticulously and efficiently. Appointing us as executors alleviates the burden on your loved ones during an already challenging time, as we handle the complexities of probate, tax implications, and asset distribution. Furthermore, our impartiality ensures that potential conflicts or disputes among beneficiaries are minimised. With our dedicated team overseeing the process, you can be confident that your estate will be managed with the utmost care, professionalism, and integrity.

Continuous Review

Life is ever-changing. Significant events like marriages, births, or property acquisitions can alter your estate planning needs. We recommend regular reviews of your Will to ensure it remains up-to-date with your wishes.

Contact Us

If you’re considering making or updating a Will, exploring the benefits of various trusts, or seeking guidance on any aspect of estate planning, our team at Price & Kelway is here to assist. With our rich history and commitment to excellence, you can trust us to provide tailored advice and solutions for your estate planning needs.