FAQs
A Will is not a legal requirement, however, it is an important consideration in everybody's life. If you die without a will, there are certain rules which dictate how your money, property or possessions should be allocated. Without a Will, your estate could be distributed against your wishes.
Your estate (money, assets, property, possessions etc.) will be distributed according to the laws of 'intestacy', which means your wealth could fall into the wrong hands. For the cost of a standard Will, it is better to be safe than sorry.
An Executor is someone with the legal authority to wind up your affairs after you die. This does not have to be a lawyer, but simply somebody you trust. You appoint an Executor/s when you make a Will. It is widely recommended to appoint more than one Executor, in case one predeceases you.
If you have a Will, it is a requirement to choose at least one Executor and one Beneficiary. An Executor is the person who handles your estate and affairs upon your death and a Beneficiary is the person, or people, who benefit from your estate.
It is advisable to have more than one of each, just in case either predeceases you.
You can be both a Beneficiary and an Executor.
As a Will is a very important document, it is vital that your Executors know where to find it, therefore, Will Storage is helpful. We can offer secure and cost-effective Will and other legal document storage solutions.
Of course. People's circumstances often change due to marriage, or even death, therefore, UK FCS Wills can review your existing Will, as well as drafting a new one.
If you have a Will, that's a great start, however, Will's can be complicated and can be challenged. A Will alone is not a fail safe way of ensuring money, property and possessions are distributed according to your wishes.
A Will Clarity Statement is a back-up document - a statement directly from you to your Executors of how, when and to whom, you wish to distribute your estate to.
A Will Clarity Statement comes as standard with our Will service and is a unique product that has been developed to avoid such challenges occuring.
Most people think they are too young for a Power of Attorney and only associate it with old age and losing mental capacity, however, a Lasting Power of Attorney also covers physical incapability (for example, if you were in an accident at work, or in the car!) and you became unable to pay your bills, go to work, go to the bank etc.
For no cost at all, UK FCS can assess your situation and help you determine if a LPOA is suitable for you.
There isn't anything different apart from a Business LPOA stipulates what would happen to your business and your business assets/shareholdings etc. if you were to become mentally or physically incapable.
There are two types of Lasting Power of Attorneys. One is a health and welfare decisions LPOA, which will only come into effect when/if you lose mental capacity.
The second is a Property and Financial Affairs LPOA, which can either be actioned straight away on registering with the Office of Public Guardian, or when you decide in the future.
A property trust can be highly beneficial to some people and their families, however, there is not a one size fits all scenario. It is therefore important to allow us to assess your own personal situation carefully.
If you have concerns about threats such as care, marriage after your death, property you own getting into the wrong hands, passing heirlooms on and money to whom you choose; asset protection can be very worthwhile.
Not at all. Our friendly and trained team members are happy to visit you in the comfort of your own home.
We can conduct an initial conversation over the phone and follow this with a face to face meeting in order to get a full understanding of your overall position.