Legal services in Finchley Road
Aston Brooke is one of the largest law firms in the UK that houses a number of wills solicitors in London to assist you with the probate process.
If you are looking for wills solicitors in Finchley Road, just call us, we are nearby. You can resolve legal issues with your wills and probate with our best will solicitors who deal with complex assets and liabilities.
Will Solicitors in Finchley Road, London
Finding wills lawyers in Finchley Road can be hard, Aston Brooke is just a short drive away. We help you with limited, fixed fee guidance on certain aspects such as assistance with form filling and procedures. Our solicitors also deal with your entire estate administration process. Our will writing solicitors in London assist you with payable inheritance tax, and missing beneficiaries of trusts involved.
We ensure that you have the level of help and support you need. They follow a more “traditional” approach of only offering to deal with the whole matter at a percentage cost of the value of the estate.
With more than 60% of the population in the UK dying innate (without having made a Will), it is essential to plan for the future and properly provide for family and friends. By making a will, you also maximise tax savings and avoid leaving financial affairs and distribution of assets in chaos.
Why do I need a Will?
Making a Will is a way of communicating your wishes once you are no longer here. It gives you peace of mind as you can make sure that your beloved ones are provided for and it also guides your family at a time of great emotional stress.
Some key benefits include:
- Choosing your own Executors and Trustees
- Choosing Legal Guardians for your children who are under 18
- Providing for your family
- Making charity donations
- Setting up trusts for beneficiaries which can be fixed or discretionary
- Providing for your pets
- Planning for your beneficiaries’ future
- Minimising Inheritance Tax
- Choosing your burial wishes
- Avoiding the situation where you don’t leave a will (known as Intestacy) whereby government rules determine who is entitled to benefit under your Will
How can we help?
Aston Brooke’s wills and probate solicitors in London will guide you every step of the way and offer you tailor made advice. We recommend you to change your wills every 3-5 years. We can provide legal advice and assistance in a variety of issues for:
- Preparing, reviewing and amending wills
- Inheritance tax planning
- Estate planning
- Advising on issues in Wills such as guardianship, adoption and divorce
- Advising on contested wills
- Advising on trusts
- Lasting Powers of Attorney
Choosing a law firm in Finchley Road can be quite hard, we are just a few miles away.
Why do I need a Lasting Power of Attorney?
We also suggest putting in place Lasting Powers of Attorney (LPAs). Your Will will deal with your assets once you are no longer here but your LPAs deal with your assets in the event you lose mental capacity.
An LPA is a deed which is put in place between you (the donor) and someone you trust (the attorney). There are two types of Lasting Powers of Attorney:
Health and Welfare
This type of LPA deals with your health and your medical treatments. It allows your attorneys to make decisions regarding for instance life sustaining treatments.
Property and Finance
This type of LPA deals with your bank accounts, your shares and your property. You authorise your attorneys to make decisions regarding handling your bank accounts and dealing with your property.
Once all the parties to the LPA have signed, the LPAs will then be registered at the Office of the Public Guardian in order to take effect. There is a registration fee of £82 per LPA.
When it matters most, Aston Brooke can support you in many ways with all aspects relating to the probate process. Our solicitors in London offer limited fixed fee guidance on basic elements, for example form filling and procedures, to relieve the burden of coping with the administration process for the entire estate.
Unlike the “traditional” approach used by many solicitors, whereby they offer only to deal with the whole probate process based on a percentage cost of the finalised value of the estate. If you are searching for Wills lawyers in Finchley Road, just contact us, we are just a few miles away. We offer a flexible service so that you receive the correct level of help and professional support.
Please do not hesitate to contact Aston Brooke to obtain further information.
The Probate Process
When someone dies, it is important to local the Will as soon as possible in order to establish whether the deceased made any funeral wishes in his Will and who is appointed as the Executor. The family then deals with the funeral and with registering the death at their local Registrar. Often a family member (spouse or children) is appointed as the Executor in the Will. The Executor’s powers come from the Will and in certain circumstances in order for the Executor to deal with the estate, he will need to apply for Probate.
Administering an estate takes time and so it can take from 6 months to a year if it is a straightforward estate or years if it is more complex.
If there is a Will, the estate will pass to the people named in the Will. If there is no Will, the Intestacy Rules will apply meaning that certain people will inherit. Our will solicitors in London will guide you accordingly.
The Role of Executors
Executors are the persons named in a will by the deceased as individuals the deceased chose to deal with the administration of his estate and if applicable, will apply for probate. Their role is to collect assets, pay off liabilities including any inheritance tax and then to distribute assets according to the Will. Some probate matters are straightforward; others involve significant legal and practical challenges.
Executors are not legally required to accept their appointment and can renounce their role. In general, executors are family members and also the beneficiaries under the will. Due to the technicalities of administering an estate, it is usual for the executor to appoint a firm of solicitors to guide the executor or to take over the administration all together. If you are looking for a law firm in Finchley Road, just get in touch with Aston Brooke, we are just a short drive away.
The executor’s duties include gathering in all of the assets and liabilities, preparing estate accounts and possibly enabling any necessary tax return to be completed.
The executor’s duties vary depending on the type of estate, generally they tend to deal with the following:
- Inform the next of kin, close family and any potential heirs of the death and of their role as executor.
- If necessary, register the death and assist with funeral arrangements.
- Possibly appoint a solicitor to help administer the estate
- Obtain a copy of the will and carry out instructions within it.
- Ensure assets are listed and if necessarily made secure, for example, locating the house keys and making sure the property is insured.
- Locate any life insurance policies and paperwork such as membership forms, shares and stocks, bonds and pension information.
- Find all household bills.
- Collect all tax records- At this stage do not dispose of things such as business-related paperwork, tax records, wage slips etc. even if they appear to be out of date.
- If the deceased is a business owner all paperwork relating to the business including VAT records and accounts will be needed.
- Gather details of professional advisors such as accountants, solicitors etc.
- Complete a tax return if needed.
- Pay off any outstanding debts.
- Locate beneficiaries and creditors and if necessary advertise in local or national papers for any missing beneficiaries.
- Distribute the assets after payment of liabilities, including any tax.
- Executors should set up an account solely for the purpose of dealing with the estate so that any money paid to the estate is easy to see.
Is a Grant of probate always needed?
There are circumstances in which a formal grant may not be required, notwithstanding that it is always safer to obtain one. Generally, if a deceased had very limited assets, it is possible that a Grant may not be needed, and the below factors may help in determining whether one is needed:
- Has a bank or insurance company, National Savings or Government body, holding the Deceased’s money or policies or pensions, asked for a Grant?
- Did the Deceased own property (house, land & buildings) at the date of death and which was not held as ‘Joint Tenants’?
- Did the Deceased have more than £5,000 in total Estate left at the date of death?
- Did the Deceased have foreign money or property at the date of death?
- Did the Deceased have business interests, beyond just self-employed trade?
- Was the Deceased domiciled in the UK?
How can we help ?
Aston Brooke have wills and probate solicitors in London who can assist you in a variety of ways:
- Help determine the size of an estate for Probate and Inheritance Tax purposes
- Prepare an application for the Grant of Representation on your behalf and help lodge the required forms with the relevant organisations to collect monies due to the estate and settle any outstanding debts#
- Advise on deeds of gift or deeds of variation
- We can arrange the transfer or sale of any shares and our Residential property team can handle the sale of any property or land owned by the deceased. property or land owned by the deceased.
Also, If there is no Will, Aston Brooke will help with the appointment of an Administrator in order to apply for Letters of Administration. In this case, Intestacy Rules will come into place in order to establish who is entitled to inherit. Our wills and probate solicitors will help you through the process easily.
Aston Brooke solicitors are experts in litigation, immigration, residential conveying, commercial conveyancing, personal injury, landlord and tenant, crime, family & childcare, Wills & probate, Judicial review, dispute resolution, and debt recovery.
To get a quick consultation, please click here
Our office at Harrow, London
1-9 St Anns Road, Harrow, London HA1 1LQ
Reach us through!
We are a 3-minute walk from St Anns Shopping centre. As you come out of the shopping centre and into Harrow town centre turn right and keep walking down and we will be on your right-hand side. There will be a glass door which will say 1-9 St Anns Road on top in black writing. Please press the keypad and our receptionist will open the door as we are on the first floor.
If you are planning to drive the closest parking will be available in St Anns or St George’s shopping centre.
If you are taking the Underground the closest station to Aston Brooke Solicitors in Harrow on the Hill Station which is on the Metropolitan line. It is a 5-minute walk from us. The quickest route is through St Anns shopping centre.
If you are planning to take the bus you can take any bus that stops at Harrow on the Hill bus station. This is a large bus station and there are many buses that stop here. This is right next to Harrow on the Hill train station and again it is a 5-minute walk to us through St Anns shopping centre.
For further information on Independent Legal advice please view our Independent Legal Advice page. For further information or a free consultation, please contact us on 0203 475 4321 or click on the quick contact