Lifetime & Beneficiary Protection

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LIFETIME & BENEFICIARY PROTECTION

Ensuring that children and other rightful beneficiaries will inherit the wealth you have created, regardless of what the future may hold, is important. But without professional guidance, much of your hard-earned money might end up in the wrong hands or be lost completely!

It is therefore essential to understand that, if you should die without a Will, your possessions would be distributed according to strict legal rules, which could cause considerable difficulty for those closest to you.

For instance, if you have assets, including the value of the family home, of more than £250,000, your children and other rightful beneficiaries could face an unnecessary Inheritance Tax bill of up to £100,000.

If you are married and have children, your husband or wife would only inherit the first £125,000 of your Estate. Remote relatives might have a share at the expense of your direct dependants and Unmarried Partners could end up with nothing at all!

If you have children under 18, it is essential that you formally appoint responsible Guardians. Furthermore, few people realise that, under current legislation, unmarried Fathers have no automatic legal right to look after their own children in the event of the mother's death!

All these issues can be addressed by proper planning. Making a comprehensive Will, and updating it regularly, is the only way to be sure that your wishes will be known and that your family will be safeguarded. It also helps you to protect your business interests and underpins your financial arrangements.

The Law Society recommends that Enduring Powers of Attorney are drawn up when making a Will. These powerful documents provide a lifeline if, through sickness or accident, you cannot handle your own financial affairs. Regardless of whether you are married, have or plan to have children, or own property, Chancery Law Group's Lifetime & Beneficiary Protection will provide you with comprehensive and lasting legal protection against some of life's more difficult problems.

With widespread flooding, over 60,000 house fires and more than a million homes burgled each year, your important documents are very much at risk. Our Document Storage vault ensures that all your important paperwork is kept safe and readily available, and we will also write to your Executors, Attorneys and family members, as appropriate, to explain where your documents are kept and how they may be retrieved.

The Law Society, The Council for Licensed Conveyancers, The Society of Trust & Estate Practitioners and The Society of Will Writers variously regulate our Consultants, Staff and Associates. Your interests are protected by Comprehensive Professional Indemnity Insurance.

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