Lifetime Planning
Your Future Our Focus
There are many different milestones throughout our lives - getting married, having children, getting divorced, re-marrying and starting new jobs, to name a few. As we are experiencing these milestones, it can be difficult to think about the future.
At RG Law, we want every customer to pause and reflect on where they are and what they have achieved so far and review what they want for their future. Our Lifetime planning lawyers will help you do this by giving you the tools to see how you can protect what you have for generations to come.
The power of now will make all the difference for not just your future but the future of your loved ones, too. Our lawyers are here to listen to what you want in the future and provide you with options to make sure your future is just as you planned.
What is a lifetime planning review, and why would you need one?
Creating a will and estate planning is essential to ensuring your family's financial security. Inheritance tax and trust advice, in conjunction with an accountant and a financial advisor, can help you decide on the best way to safeguard your assets and not pay any more tax than you and your family need to pay. With a triangle of support from us an accountant and a financial advisor, a holistic approach can help you ensure you've got all your bases covered.
Whatever the stage, we are here to advise.
Estate planning is an important part of financial security. It involves deciding how to protect and transfer your wealth, both during life and after death. As this is an already difficult time that also involves the topic of money and loved ones, we endeavour to make the process for our customers as helpful and straightforward as possible.
RG Law specialises in legacy wills and estate planning services that can help ensure the safety of your assets for future generations. Whether you are preparing for retirement, protecting family members with special needs, or ensuring a smooth transition of business ownership among multiple heirs, there is no better option than working with RG Law.
At RG Law, we understand that every client has different needs regarding estate planning. We have extensive experience helping clients build robust plans that maximise asset protection while minimising tax liabilities. Our team of experts will work closely with you to develop customised solutions explicitly tailored to meet your unique requirements and goals.
We believe in taking a holistic approach to creating sound strategies for our clients’ long-term success. With years of experience in the legal industry and vast knowledge of estate law, we provide comprehensive advice on all aspects of estate planning - from initial consultation on how assets pass down between loved ones to implementation and beyond. Let us show you why so many people trust RG Law for their lifetime planning needs.
Consultation options:
• Over the phone
• Via email correspondence
• Video call
• Face-to-face meeting
Stages of life in your control
Buying and selling a property
What to consider?
Stage of life services in your control
"As the old saying goes, 'Failing to plan is planning to fail.' And there's no room for error when protecting your assets and ensuring they're distributed as per your wishes after you're gone. That's where having a will comes into play – and not just any will but one drafted by a specialist wills lawyer.
We delve into why having a will is crucial, what could go wrong if you don't have one, and the role of a qualified lawyer or solicitor in this process. We'll also explore the risks associated with DIY wills and the importance of secure storage for your valuable documents"
We often imagine that managing wealth is a leisurely stroll in the park. It's not all about sipping champagne on yachts; there's a whole world of trust law, succession planning and asset protection to navigate. That's where professional trust lawyers and solicitors come into play.
We can help you with various trusts, from setting up a trust to help reduce the amount of inheritance tax your children or grandchildren may be liable to pay should you die.
"The government is making it easier for homeowners to extend their properties outwards and upwards.
The new law to extend homes and revitalise town centres means that more and more people have decided to raise funds with a remortgage to fund improvements rather than move house.
Are you thinking of remortgaging your current mortgage? Let us represent you with our remortgage conveyancing service and and do all the legal work for you"
Stages of life out of your control
Stages of life services that can help when things are out of your control
Probate is the process of dealing with the estate of someone who has died. A Grant of Representation is required to give you the legal right to deal with the deceased’s assets.
An asset can be anything from a gold watch to a property if there is a property to be sold to enable the distribution of liquid assets among beneficiaries. A grant of probate is required, granting you the legal authority to proceed with the property sale.
Inheritance tax is an important topic for anyone who may be receiving an inheritance in the future.
Whether the inheritance is coming from a spouse or civil partner, family member, or life insurance policy, it is essential to understand how much you may have to pay and what exemptions are available regarding inheritance tax.
In all cases, a lawyer or solicitor specialising in this area of law is the key to getting the best advice.
Navigating the world of legal documents can feel like trying to decipher an alien language. But when it comes to safeguarding your future, understanding lasting power of attorney (LPA) is crucial. Our wills and probate lawyers are experts and can provide advice that can make all the difference to your and your family's future.
This legal document allows you to appoint someone you trust to make decisions on your behalf should you lose mental capacity in the future.
There may come a time in our lives when we lack the capacity to make decisions for ourselves, maybe due to an unexpected illness, accident, disability or dementia. This is where your lasting power of attorney (LPA) provides you peace of mind; like your car insurance, it's in the drawer, and you hope your loved ones will never have to use it.
However, if you are seeking help, support and advice on how you are going to help a friend or family member by becoming a deputy for them because they do not have an LPA in place, we can advise on a possible Court of Protection Deputyship.
Frequently Asked Questions on Legacy Wills
Is Legacy Wills And Estate Planning Subject To Changing Laws And Regulations?
In short, the answer is yes - Legacy wills and estate planning are absolutely subject to changing laws and regulations. Updating these documents regularly, or at least when life circumstances change, can be incredibly beneficial in protecting one's assets and money for loved ones.
Doing so ensures that their wishes will be honoured even after any legislative or societal norms shift.
Legacy wills and estate planning may not always remain relevant from generation to generation without proper attention being paid to them over the years. That said, staying aware of current trends and adjusting accordingly could help safeguard what has already been established for those you leave behind.
How Long Does It Take To Create A Comprehensive Estate Plan?
The process begins by gathering all relevant information about your finances, property, investments and other assets. From there, a lawyer, solicitor or financial advisor will help decide which type of estate planning document best suits your needs – whether it’s a last will and testament, living trust, powers of attorney documents or any combination thereof. Once these decisions have been made, a lawyer or solicitor can draft the necessary legal documents to execute your wishes correctly.
Depending on the specific nature of your situation, this could range from just a few days to several weeks or even months. No matter what kind of estate plan you need, it's important to seek professional guidance so that everything is done accurately and according to applicable laws.
Having an experienced lawyer who specialises in legacy wills and estate planning can ensure that your desires are expressed clearly and precisely in a straightforward manner - saving time and eliminating unnecessary complications down the road with family or friends.