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ASK Estate Planning & Wills logo
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ASK Estate Planning & Wills

Newport, Newport

1 hire on Bark
ASK Estate Planning & Wills logo
A

ASK Estate Planning & Wills

Newport, Newport

1 hire on Bark

About

ASK Estate Planning & Wills, where peace of mind and affordability go hand in hand.

We are ASK, a professional will writing and legal specialist estate planning practitioners serving families across South Wales and Bristol. We provide a wide range of services to our customers but most importantly we offer impartial advice and guidance to make sure that you have the right legal documents to make sure your wishes are met.

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We don't just pick a template off the shelf, we make sure that your will is tailored to your needs and covers all important considerations, this could even include establishing specialist trusts to protect aspects of your estate. The correct Will can allow you to: • Specify whom you wish to inherit your estate, in what order and in what proportions so that you have comfort in the knowledge that your wishes will be carried out. • Make specific legacies to family or friends or gifts to your favourite charities. • Appoint suitable guardians for young children rather than leaving the decision to the Courts. • Set up maintenance trusts for children to protect their inheritance until an age specified by you. • Ensure the inheritance of your children or other beneficiaries should the survivor re-marry. • Protect your share of the property from having to be sold to pay for the survivor’s future care fees, thus still having assets to leave to your family.

A Lasting Power of Attorney (LPA), or a Continuing Power of Attorney in Scotland, is a legal document which grants attorneys the power to make decisions on a person’s behalf, should they lose the capacity to do so themselves (e.g. through age, illness or accident). There are two types of LPA document: the first grants attorneys the power to make decisions about a person’s financial affairs (including property); the second grants attorneys the power to make decisions about a person’s health and welfare. Creating both types of LPA is a vital step in estate planning. LPAs allow the person who created them to plan and choose: Which decisions are to be made on their behalf; Who will make those decisions; How those decisions are to be made.

Probate is the process of administering a person’s estate on their death. An application to the Probate Registry for either a Grant of Probate or for Letters of Administration is usually required before this can take place. Put simply, estate administration includes all the activities relating to the valuation, collection and distribution of the deceased’s estate. This will include calculating tax liabilities and applying for tax reliefs where applicable; undertaking legal duties such as the creation of any trusts required by the will; and administrative duties including the compilation of estate accounts.