Wills and Powers of Attorney

Making a Will

It’s not always an easy topic to think about, but choosing what you would like to happen to your wealth in the event of your death is an important part of planning for the future. Not only will it give you peace of mind, it will make life a lot easier for your loved ones during a difficult and often emotional time.

Having a carefully written Will in place means you’ll be able to pass on your assets to the people who you want to benefit, while also making the most of available tax reliefs and reducing the Inheritance Tax burden on your family where at all possible.

Without a Will, your estate may not be divided according to your wishes. It’s also a good idea to review your Will regularly, since your circumstances can change over time.

Arranging Power of Attorney

Have you thought about what would happen if you could no longer manage your financial affairs yourself, or make other important decisions?

The effects of ageing or illness – or an unexpected crisis – can put you in a vulnerable spot. Power of Attorney is a way to ensure that someone you trust is on hand to make crucial decisions on your behalf when you’re not able to. A Lasting Power of Attorney can make decisions about your property and financial affairs, your health and welfare, or both.

We work closely with experienced legal service providers who can arrange Wills and Powers of Attorney, and can refer you to them when you need it. So you can be confident that your future finances are in hand.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.

The writing of a Will or Powers of Attorney involves the referral to a service that is separate and distinct from those offered by St. James’s Place. Wills and Powers of Attorney are not regulated by the Financial Conduct Authority.