- Price Transparency Era - Toward the end of 2018 The Solicitors Regulation Authority introduced new rules to ensure clients have the best possible information on solicitor’s fees at the outset. Law firms are now required to publish price and service information on their website for the following areas of law; residential conveyancing, probate and employment tribunal claims to name a few. The aim is to provide greater transparency to clients enabling them to make informed decisions about their legal matter.
- Grants of Representation - A Grant of Representation is the document required to confirm your authority to deal with the estate of an individual who has died. A Grant of Representation can be necessary whether or not the deceased left a Will.
A Will is a legal document which ensures your estate is distributed according to your wishes on your death.
Within a Will you can state who you want to administer your estate and who you would like your assets to be inherited by. You can also appoint guardians for your children, set out your funeral wishes and provide for any specific gifts of items.
A Will can also be structured to protect assets against care home fees, to minimise inheritance tax and to protect vulnerable beneficiaries.
Your Will should reflect your current personal and financial situation. We advise that it should be reviewed on a regular basis to ensure that it remains up to date with both your circumstances and any changes in the law.
In the event that you do not have a Will, the intestacy rules specify who will inherit your assets and who can administer your estate. It is, therefore, vital to make a Will during your lifetime.
The Firm’s costs for single Wills start at £250 plus VAT and for mirror Wills start at £350 plus VAT.