OUR EXECUTRY DEPARTMENT – WILLS, POWERS OF ATTORNEY + EXECUTRIES
It is extremely important to make a Will as if you don’t the Scottish laws of intestacy dictate who is to benefit to your Estate and to what extent both of which might be not what you would want or even expect. The granting of a Power of Attorney is also prudent future planning covering all eventualities should you at some future time have lost the capacity, be it temporarily or permanently, to make decisions about any aspect of your own affairs. At a difficult and demanding time for any family following the death of a loved one it is advisable to seek specialist advice and guidance when managing their Estate. The services of our Executry Department are available to readily assist with any of the above.
The purpose of making a Will is to formally establish what you would wish to happen to your Estate (being the sum of all the assets and property belonging to you) and then legally protect and implement this wish when you die. We will explain the legal formalities and ascertain to whom you would wish to benefit and to what extent, establish who you wish to nominate as your Executors/Trustees and advise what they will require to do in this capacity when dealing with your affairs and with your beneficiaries after you have died. At the time of completing residential property transactions we are quite willing to meet and discuss the preparation of a new Will for you at a modified cost of £100 + VAT for a single Will or £150 + VAT for a couple where the terms of both Wills are mirror images of each other or alternatively update any existing Will.
- Powers of Attorney
The granting of a Continuing and Welfare Power of Attorney brings the comfort of knowing you have in place and only to be used at a future time; a document that formally and legally authorises a person or persons to take the right decisions on your behalf, not just of a business nature but also with regard to your health and welfare, to help and support you should you, for whatever reason, be unable to do so yourself at that said future time.
As you will appreciate at such a distressing time and when there are so many questions to be answered when someone dies, it is always advisable to seek specialist advice and guidance and receive the welcome support and reassurance that this will bring. The deceased’s Estate requires to be accurately determined, quantified, realised and then distributed in terms of their Will or if there is no Will as prescribed under the Scottish laws of intestacy which are very cumbersome and complicated. At such a difficult time the procedures and legal requirements with regard to administering the Estate as timeously as possible, as efficiently as possible but above all; correctly can be explained in greater detail.
All of the above can be discussed with our specialist, with over 28 years experience and is permanently based in our Executry Department.
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