Wills and LPAs
Area of Law
Wills and LPAs
At MD Law in Cardiff, we offer a comprehensive and compassionate Private Client service, providing expert guidance on a range of matters, from Will preparation to Lasting Power of Attorney applications.
Planning for the future and managing the affairs of loved ones can be complex and emotionally challenging. We understand the sensitive nature of these issues and are dedicated to supporting you through every step of the process.
Our Expertise:
We have a wealth of considerable experience in all aspects of Private Client matters, including:
Wills:
Preparing a Will is one of the most important steps you can take to ensure your wishes are respected after your death. We can help you draft a clear and legally sound Will that reflects your individual circumstances and protects your loved ones. We can advise on complex inheritance tax issues, charitable giving and trusts.
Lasting Powers of Attorney (LPA):
A Lasting Power of Attorney allows you to appoint someone you trust to make decisions on your behalf if you become unable to do so yourself. We can advise you on the different types of LPA (health and welfare, and property and financial affairs) and assist you with the preparation and registration process.
Business Lasting Powers of Attorney (LPA):
Court of Protection:
Our lawyers can act in a matter when a person lacks capacity and there is no LPA for that person in place.
If that situation arises the only option often is to make an application to the court, for that court to decide how a person’s affairs should be looked after.
The application needs to be made with care and caution to ensure any order granted suits the needs of the person who needs the care and is granted to the person who wishes to deal with their affairs.
The procedure for this process can be found online via a court portal or made via a paper application.
We will always look to make the most efficient process possible.
Our Approach:
We understand that dealing with Private Client matters can be emotionally challenging.
At MD Law, we pride ourselves on our compassionate and understanding approach.
Our experienced team is dedicated to providing clear, practical advice, explaining your options in plain English, and supporting you every step of the way.
We are committed to providing a personal and efficient service tailored to your individual needs.
Contact Us Today:
Planning for the future and managing the affairs of loved ones can be complex, but you don’t have to face it alone. Contact MD Law in Cardiff today to schedule a confidential consultation.
We are here to listen to your concerns, answer your questions, and help you take the first steps towards securing your future and protecting your loved ones.
Get in touch to make an appointment and let us help you navigate these important matters.
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Wills and LPAs
Frequently asked questions.
We understand that planning for the future and dealing with the affairs of loved ones can raise many questions. We’ve compiled some frequently asked questions below to provide you with general information. However, every situation is unique, and your specific circumstances may require tailored legal advice. If you have a question that isn’t covered here, or if you’d like to discuss your situation in more detail, please don’t hesitate to contact us. We’re here to help.
What is a Will, and why do I need one?
A Will is a legal document that sets out your wishes for how your assets (your estate) should be distributed after your death. Without a Will, your estate will be distributed according to the rules of intestacy, which may not reflect your wishes. A Will also allows you to appoint executors to manage your estate and guardians for your children.
What is probate, and what does it involve?
Probate is the legal process of administering a deceased person’s estate. This involves obtaining a Grant of Probate (or Letters of Administration if there’s no Will), collecting assets, paying debts and taxes, and distributing the remaining estate to beneficiaries.
What is a Lasting Power of Attorney (LPA), and why is it important?
A Lasting Power of Attorney (LPA) is a legal document that allows you to appoint someone you trust (your attorney) to make decisions on your behalf if you become mentally incapable of doing so. There are two types of LPA: one for health and welfare decisions, and one for property and financial affairs.
Click here to read our blog post that covers this question in more detail.
What is the difference between a Will and a Living Will (Advance Decision)?
A Will deals with your wishes after your death, specifically regarding your assets. A Living Will (also known as an Advance Decision) deals with your wishes regarding medical treatment while you are still alive but lack the capacity to make decisions for yourself. It allows you to refuse certain medical treatments in the future.
What happens if someone dies without a Will (intestate)?
If someone dies intestate, their estate is distributed according to a set of pre-determined rules. These rules prioritize spouses and children, but other relatives may be entitled to a share. The distribution may not be what the deceased would have wanted.
Click here to read our blog post that covers this question in more detail.
How much does it cost to make a Will?
The cost of making a Will varies depending on the complexity of your circumstances and the solicitor’s fees. It’s best to contact us for a quote.
What is Inheritance Tax, and how can I minimise it?
Inheritance Tax is a tax on the value of your estate above a certain threshold. There are various ways to minimise Inheritance Tax, such as making gifts during your lifetime, utilising available exemptions, and careful planning. We can advise you on potential strategies.
What is the Court of Protection, and when is it involved?
The Court of Protection is a specialist court that makes decisions on behalf of people who lack the mental capacity to make decisions for themselves. This might involve decisions about their health, welfare, or finances.
How do I choose an executor for my Will?
An executor is responsible for carrying out the wishes in your Will. You should choose someone you trust and who is capable of handling the administrative tasks involved. This could be a family member, friend, or a professional, such as a solicitor.
Where should I store my Will?
Your Will should be stored in a safe and easily accessible place. Many people choose to store their Will with their solicitor, in a secure storage facility, or at home in a fireproof safe. It’s important to tell your executors where your Will is stored.