The first priority should be to have a will which is properly drawn up. Expert advice at an early stage can avoid delays and expense later, as a will provides the opportunity to resolve complications such as arguments between relatives, tax liabilities, jointly owned property and foreign owned assets.
Solicitors have a minimum £3 million professional indemnity insurance, undergo supervision and control by the Solicitors Regulation Authority and The Law Society and to become a solicitor in the first place involves a minimum of six years academic and practical training. This is the advantage and peace of mind which we can offer over an unregulated will writer.
We will advise on the best ways of minimising inheritance tax, including the preparation of discretionary trusts and other tax efficient measures.
odonnells promise an expert, approachable, guaranteed service at a reasonable and affordable cost. As a starting point our standard wills cost just £125 plus vat for a single will and £200 plus vat for a couple. Where your will requires additional drafting, we will charge a fixed price for this additional work.
When a loved one dies the last thing you need are problems sorting out their estate. In order to gather in the money, sell shares or property and pay the bills, you will need a grant of representation. If there is a will this is known as a Grant of Probate. If there is not, it is known as Letters of Administration.
Our clients often choose to appoint us as their executors so that they have the confidence that their estate will be dealt with efficiently upon their death, with their intended beneficiaries deriving the maximum benefit of their estate, with the minimum disruption to them.
We offer this same service to executors to assist in the administration of an estate and can tailor our service to meet the needs of the executor and the estate. This can range from providing a full administration service, to simply making the application for the grant of representation as it is often quicker and cheaper if undertaken by a solicitor rather than in person.
We will complete all returns to the HMRC in respect of inheritance tax and provide a detailed estate account to both the executors and the beneficiaries as appropriate.
At such a difficult time, it can be difficult to know where to turn for help. At odonnells we aim to provide exactly what you require from us to make the process as straightforward as possible.