The importance of making a will cannot be overstressed. Each will is tailormade for the client, taking into consideration his or her personal financial circumstances, family and commitments. We will also advise you on ways to reduce potential inheritance tax liability.

After a death it is important to those who are left behind that the estate is administered with sympathy as well as with efficiency. Administering an estate involves obtaining valuations of all the assets, preparing any necessary inheritance tax papers and agreeing the tax liability with Inland Revenue Capital Taxes Office, and applying for the Grant of Probate (or Letters of Administration in the event that there is no will). After the Grant is issued by the Probate Registry the assets of the estate are realised and distributed according to the will or the intestacy rules as the case may be. Sometimes a trust may arise under the provisions of a will or an intestacy and that trust could last for many years. It will normally require the advice and assistance of a solicitor and in many cases a financial adviser.

In dealing with the personal affairs of clients it is appropriate to mention enduring powers of attorney and Court of Protection Orders. These are normally granted to enable relatives, friends or professional advisers to administer affairs of elderly or infirm persons who, for whatever reason, are unwilling or unable to manage their own affairs.

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