So what is a Trust? There are 2 main types of Trust. A Trust can be created either during your lifetime or upon your death. Examples of when a LIFETIME TRUST would be appropriate:You wish to remove asset value from your estate to avoid Inheritance Tax (IHT); and/or You would like to make a gift to someone …
What is Probate? – A Devon Will Writer
Most people have heard the term “Probate”, however far fewer are aware of what is Probate, what does it mean and what it stands for? Just because we have a Will, that does not automatically mean that upon our death the people dealing with our affairs (Executors) can then immediately begin sharing out our estate …
What is Power of Attorney? Devon Will Writer
Power of Attorney, or Lasting Power of Attorney (LPA) as it is also known, is the process of officially nominating a person or people to legally act upon your behalf if you subsequently cease to be able to make your own decisions for any reason, or if you subsequently choose and permit for such a …
Avoid Accidentally Disinheriting your Children from your Estate – Devon Will Writer
Traditionally, first deceased spouse’s naturally wish for their estate to pass to their surviving spouse, and then to their children thereafter. An increasing modern problem is that once the estate passes to a surviving spouse, the entire estate value is then deemed to belong legally and solely to that surviving spouse, so you can therefore …
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Why is the Security of a Will Document Important? Experience of a Devon Will Writer.
There are certain circumstances whereby the location and security of a Will are crucial. When your spouse is NOT the biological parent of your children is a very important example of this. It is increasingly common that people who remarry or cohabit after their previous spouse has died, wish for their new spouse or partner …
Why is the Security of a Will Document Important? Experience of a Devon Will Writer.Read More
Should You Review your Existing Will – Devon Will Writer’s Response
Dealing with your Will once and then forgetting about it can be likened to having just one dental check-up in your entire life We recommend that you review your Will every 3-5 years. This is to make sure that your Will still serves your current wishes. We also recommend reviewing your planning when there is …
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Plans to Modernize the Power of Attorney System
Short but sweet this time. Please click the link to read a recent BBC article. https://www.bbc.co.uk/news/uk-57897609.amp Visit trfwills.co.uk for further guidance.
The Benefits of Using a Professional “Will Writer”
So what are the benefits of using a professional will writer? Some people understandably believe that they will get a superior product and service if they use a solicitor rather than a professional Will Writer. However, a Will is either legally valid or it is not, whether it is provided by a solicitor or a …
Devon Will Writer – Tenancy in Common Explained
If you own a property jointly with at least one other person, you may own it together as “Joint Tenants” or you may own it together as “Joint Tenants in Common”, as a leading Devon Will Writer I can help. What is the difference? Owning a property as Joint Tenants means that the co-owners are …
Why do I Need a Will?
Why do I need a Will you may ask, well apart from the widely accepted consequence that a person or people may not inherit from you if you do not have a legally valid Will, let us also look at some less obvious reasons as to why having a VALID Will is so important. Are …
Probate Services Devon
Providing Probate Services in Devon is one of the key services we provide and there are few phrases that make my heart sink more quickly than “I wish we had met you sooner because we paid a fortune when dealing with our parents’ Probate”. Not in all cases, but on many occasions when people approach …
Why Should I Consider Lasting Power of Attorney More Seriously?
Power of Attorney, or Lasting Power of Attorney as it is also known, is an official safety net whereby you can officially nominate, in advance, a person or people who may legally act upon your behalf either if you cease to be capable of making your own decisions for any reason, or if you choose …
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TRF Wills (TRF) was created by Michael Cotterill in 2005. He is a member of the Society of Will Writers and registered with the Information Commissioner’s Office.