Whatever your assets, you want to ensure that they are protected and passed onto the correct people in the way you would want them to be. Our Private Client team has a great deal of experience in this area and can advise and assist you in your estate planning.
Making a will is the only way for you to ensure your assets are dealt with in the way you want them to be after your death. If you die without making a will your property and assets may not pass to the people you would like them to. By making a will you can specify which of your possessions you wish to give to individuals and you may distribute legacies of money to family, friends or charity.
An Ordinary Power of Attorney allows one or more person to make financial decisions on your behalf. It is only valid while you have mental capacity to make your own decisions.
An Enduring Power of Attorney is a legal document in which you appoint someone else to look after your affairs in the event you lose mental capacity.
Trusts are useful for financial planning purposes, to provide for the orderly administration of a family’s assets or to enable certain assets to be managed on behalf of those who would be unable to do so for themselves.
Many wealthy families establish Foundations as an alternative to a family trust. The Foundation is a separate legal entity and the assets are beneficially owned by the Foundation.
Phil Games leads the Private Client department, which has been awarded Top Tier status by the Legal 500. Contact us on enquiries@simcocks.com or call +44 1624 690300 to discuss your estate planning needs.
Kate Clague is an advocate in the Private Client team.