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Wills and succession planning

Wills and succession planning

Are you somebody who plans for everything?  Or maybe someone who believes that what will be will be?  When it comes to protecting you and your family, we think we can help you deal with all issues - those that are planned and those that happen without warning.

A Will and a Power of Attorney are two fairly straightforward documents. They’re simple to set up and they’re not expensive. And if you own anything, have family and dependants, you should have them in place. They’ll ease your mind about what happens when you’re no longer here or no longer able to manage your own affairs.

THE BENEFITS OF MORTON FRASER

At Morton Fraser, our friendly and approachable team is here to help you get these two important documents in place. We’ll clarify any complex family issues and make sure your Will is clearly written in plain English so that it’s easy for everyone to understand.

Our approach is to familiarise ourselves with our clients’ circumstances and objectives and always provide clear, thorough advice. As important as your Will, is how you get to that point, and what you need to think about to get your affairs in order.  It's all about planning, for if you don't and you don't have a Will, the State will tell you what has to happen to your assets. If you have a large estate, Inheritance Tax (and other taxes) can be saved if you structure your affairs correctly. You also need to appoint Executors to sort out your estate when you die. And we can help you decide who would be best suited for this.

No matter what your age or circumstances, you should have a Power of Attorney. This document gives a trusted person or people authority to make decisions on your behalf if you’re not capable of doing so yourself. This can cover financial affairs, health and welfare. We’ll explain clearly what it is and when it would be used.

In terms of protecting your assets and for saving tax, properly set-up Trusts are invaluable. They can ensure your assets are secured for your beneficiaries and save significant amounts of money in relation to Inheritance Tax and Capital Gains Tax. For a Trust to work efficiently, you need excellent legal, tax and investment advice, as well as good administration, all of which our team can provide.

AT A GLANCE: HOW OUR CLARITY CAN BENEFIT YOU

Our services include:

  • Planning your affairs to deal with the expected and the unexpected
  • Advising on and drafting Wills
  • Explaining and putting in place Power of Attorney
  • Setting up Trusts to protect your assets
  • Setting up Trusts to save tax
  • Administering Trusts, including charitable Trusts

Our approach to fees

We want to provide our clients with fixed fees.  That can be quite difficult to do unless we properly understand your individual circumstances, and what we need to do for you.  We don't want to compromise the work we do for you or the service we deliver, by offering a headline grabbing fee quote, which we don't then deliver on.

Our approach to feeing is therefore to meet with you, and to establish your objectives.  The cost of this meeting, which will include a review of your assets, succession planning and your tax situation, will be £270 + VAT.  The cost of this meeting will be deducted from any fee for work which follows.

At this meeting, we will provide you with an estimated fee for carrying out the work, and we will not go ahead with that work unless you have approved that fee quote.