Estate Planning Solicitors
Estate planning solicitors are trained to help you from the start to the end of your asset and estate planning process. Whether you need legal advice with succession planning and need to ensure your assets, or need help organising the family business, we can help. We are a multi-disciplinary team who can deal with all of your estate planning needs and we understand how important it is to protect your assets.
What Does Estate Planning Include?
Estate planning includes several different services, including:
- Planning for care home fees – this ensures that your assets aren’t depleted in later life
- Wealth management – our financial advisors will be able to help you with your investments and wealth-holding structures.
- Trusts – we can help you to set up and administer trusts to manage money, property or investments for specific people or purposes.
- Family Succession planning – planning for the future so your business can run successfully after you are no longer around.
- Inheritance tax planning – making sure that your loved ones received the full benefit of your estate.
What Does the Administrator of an Estate Do?
The exact role of the administrator of an estate will vary depending on the size of the Estate, and whether there was an Estate Plan made before the death. However, estate administrator duties typically include:
- Gathering all of the belongings, assets and financial accounts of the person who has died
- Making note of any outstanding debts or bills
- Filing an inventory of all assets and debts with the courts
- Issue a Notice to Debt collectors and creditors
- Request life insurance policies payable to the Estate
- Settle any debts and collect any money that is owed to the person who has died
- File all tax returns for the Estate in line with tax law, as well as any gift tax returns that are needed
- Communicate with the heirs and beneficiaries about the Estate
- Distribute family assets, property, and wealth according to the Estate Plan or law
What is the Importance of Estate Planning?
Estate planning is important because it allows you to put your affairs in order and put your mind at ease in relation to what could happen to your assets after you are gone.
What Should Be Included in Estate Planning?
Estate planning solicitors will be able to explain to you what you need to include when you are estate planning and laying out the administration of Trust. Trusts and estates or a family business can be a crucial part of what you leave behind, so it is always advisable to get the help of a trusted legal professional.
How Can We Help You?
Here at Cartwright King, we are regulated by the solicitor’s regulation authority to offer the very best services for your estate planning. Our specialist solicitors will be able to help you to sort out your estate planning in the most tax-efficient way possible. We have the very best legal services to make the process as swift as possible.
We can help you with:
Get in touch today for expert help and advice.
Frequently Asked Questions
What is the Importance of Estate Planning?
Estate planning is important because it allows you to put your affairs in order and put your mind at ease in relation to what could happen to your assets after you are gone.
What Should Be Included in Estate Planning?
Estate planning solicitors will be able to explain to you what you need to include when you are estate planning and laying out the administration of trust. Trusts and estates or a family business can be a crucial part of what you leave behind, so it is always advisable to get the help of a trusted legal professional.
