Wills, Trusts and Probate Solicitors

Having a well drafted Will is beneficial for many reasons. A Will allows you to choose the person or persons you would like to administer your affairs when you are gone, and with a Will, you can nominate guardians for your children and make provisions for their financial security, as well as ensure your loved ones are financially provided for. A properly drawn-up Will can also help you avoid or reduce inheritance tax on your property or assets.

Should you need to make a Will our Will writing solicitors in Hull and York can provide specialist advice and support to ensure you have provisions in place for the future.

While many people often presume that making a Will once is enough, this is incorrect. Life circumstances can quickly change, and for this reason, many professionals recommend reviewing or updating your Will every five years or if your situation has significantly changed. This includes getting married or entering a civil partnership, getting a divorce or dissolving a civil partnership, and having a child.

Our Will solicitors can assist with the process of adding a codicil to your current Will, or where your circumstances have significantly changed, we can help with drafting a new Will to reflect these changes.

Trusts can have considerable benefits, from protecting assets to providing financial provisions for loved ones, both during and after your lifetime. They provide a great, tax-efficient way for you and your family to preserve your assets. Should you have a Trust related query or requirement, our Hull and York solicitors are here to help.

At Rollits, our team has a wealth of experience in creating, administering and terminating Trusts. So, whether you are setting up a Trust, or you are a trustee who needs to understand your obligations, or a beneficiary who needs to know your rights, we can help.

Should you need to set up a Trust, our team of specialist Trust solicitors can walk you through the entire process, from the types of Trusts available, which one suits your circumstances and the advantages and disadvantages. We are also able to provide advice to settlors, trustees and beneficiaries.

Because none of us knows what the future holds, it makes sense to think about who should look after your affairs if physical or mental incapacity no longer allows you to do so.

Mental capacity can be absent for many reasons, from diseases to trauma, and it has the potential to impact your whole life, preventing you from making sound decisions on important aspects of life. Measures can be put in place for those around you to provide the support you need during these unpredictable situations, such as Power of Attorney documents. During the process of applying to the Office of Public Guardian (OPG), getting the assistance of a solicitor is crucial.

Life is not always straightforward, and you may experience circumstances where you do not lose mental capacity but need support. At Rollits, we are familiar with the problems that families face in these difficult circumstances and can provide sensitive and practical advice, tailored to your needs.  Our Power of Attorney solicitors can advise you of the available options, the types of Power of Attorney available, the benefits and limitations they have and help you through the complex application process.

In addition to the income tax we pay during our lifetime, we are all subject to paying tax upon our passing, known as inheritance tax (IHT). The standard IHT rate stands at 40% of any estate which is valued over and above the nil-rate band allowances.

It is possible to reduce the amount of IHT due or avoid it entirely. An estate and tax planning solicitor can talk you through the available options and guide you through the process.

Our estate and tax solicitors have considerable knowledge on the different ways to reduce the amount of IHT your estate may owe upon your passing, from donating a portion to charity, putting assets in trusts, leaving assets to certain individuals and more.

The process of probate and administrating an estate can be a complex task to carry out without the support of a legal practitioner.

Our probate solicitors have a broad scope of knowledge and exceptional expertise on probate services. We can assist clients with all types of probate and estate administration, from straightforward estates to those that are more complex.

The specialist probate and administration team in Hull and York is highly experienced in estate administration and succession planning and can assist the personal representatives in all stages of the estate administration process.

They can walk you through the process of obtaining the grant of probate or the grant of letters of administration. Some of the administration tasks our lawyers can help with include calculating the value of the estate, paying debts, distributing the estate and more. In addition, our team can deal with queries raised from HMRC and provide tax planning advice to families in order to mitigate any inheritance or capital gains tax liability.

It is possible that a loved one may lose mental capacity at some point in their life, and it may be unfortunate that they don’t have any provisions in place. While this can be difficult for family members looking to support them, you can apply to the Court of Protection to become a Deputy.

If you want to become a Deputy to provide care and support for a loved one during this difficult time, our solicitors can guide you through the process of applying to the Court of Protection for a Deputyship order.