Smart Later Life can help you with writing your
Will and Lasting Power of Attorney
Smart Later Life Ltd Services
Smart Later Life Ltd are able to offer a full estate planning service, which includes, professionally written Wills, Lifetime Trusts, Discretionary Trusts, inheritance Tax efficient Wills, Lasting powers of Attorney.
For your convenience and peace of mind, we can offer a no obligation home visit at a time that is convenient for you. We will never expect you to make a decision in our first meeting, and will always encourage your family and/or a close friend to be present.
We charge very competitive fixed fees for our service, meaning there are no hidden costs (and no VAT to pay).
Why Write a Will?
If you die without writing a Will you risk leaving your estate in the wrong hands, writing your Will can save your loved ones from financial problems and unnecessary expense at a time when there is enough upset and distress. You will be able to have the final say in the distribution of your estate upon your death. In writing a Will, you can secure the future of those you leave behind and can even reduce your tax bill.
What if I don’t write a Will?
Simply put, if you don’t decide the Government will.
If you die without a Will, your assets will be distributed according to the law, this could mean your partner receives less, or that your money is inherited by the people you care about most. If you are not married your partner will not automatically inherit your estate, but if you have a Will you can make sure your partner is provided for. If you are separated or divorced then you can specify in a Will who should inherit your money, property and possessions.
Lasting Power of Attorney (LPA)
This is a document that enables you to appoint a person or persons with the legal authority to make decisions about your financial and personal affairs which can include guidance and instructions as to how they should act.
There are two kinds of Lasting Powers of Attorney, which are as follows,
Property and financial affairs
This document enables you to appoint attorneys to look after your financial affairs should you become no longer able or are lacking the mental capacity to do so. Some of these duties may include paying bills, operating bank accounts or buying and selling goods or property subject to any restriction you may have included in the LPA.
Health and Welfare
This document enables you to appoint attorneys to make decisions about where you should live and your day to day medical treatment should you become incapacitated; you can also include in the LPA what your express wishes would be under certain circumstances while receiving medical treatment.
Registering the Lasting Power of Attorney
In order to be able to use the LPA you must register it with the Office of the Public Guardian, this is currently taking up to 6 months, so it is strongly recommended that you write your LPA sooner rather than later. Once it is registered, your attorneys can use it at any future point if needed.
If you do not have a registered LPA in place and you then lose mental capacity, the legal costs to set up these documents can run into the thousands and can still take months to register. In most cases, this extra stress is also coming at a very unwelcome time.
We charge a very competitive fixed fee of £150 (no VAT) per LPA (if applicable, this fee excludes the OPG registration fee).
Smart Later Life Ltd can offer face to face advice to customers in The Wirral, Chester, North Wales and Liverpool, or remotely to anyone living in England and Wales.
Smart Later Life Ltd can offer wills, lifetime trusts, will trusts and Lasting Powers Of Attorney, and we are based in West Kirby, Wirral.
