Lasting Power of Attorney
There are several reasons why you might need someone to make decisions for you or act on your behalf:
. This could just be a temporary situation: for example, if you are in hospital and need help with everyday tasks such as paying bills.
. You may need to make longer-term plans if, for example, you have been diagnosed with dementia and you may lose the mental capacity to make your own decisions in the future.
Wills
Simple Will & Complex Will
Simple Will
. Single person and have no dependants
. Married couple with minor children
. A married couple with adult children and grandchildren
Complex Will
. Foreign connections
. High-Value estate
. Business or farming interests
Probate
Probate is the legal right to deal with someone’s property, money, and possessions (their ‘estate’) when they die.
HOW TO APPLY FOR PROBATE?
You need to apply to get probate. Before applying, you must check that it’s needed and that you’re eligible to apply. You also need to estimate and report the estate’s value to find out if there’s Inheritance Tax to pay.
