Wills & Lasting Power of Attorney
Newstead Clarks expert financial advisers are fully trained in taking Will and Lasting Power of Attorney instructions. We pride ourselves on offering a professional service at an affordable price.
If you are contemplating making a Will or you would like to appoint a Lasting Power of Attorney, please contact our office to arrange a meeting.
Inheritance tax planning is complex. Below we have answered a few frequently asked questions you may have:
There are many reasons why a Will is important, from making sure loved ones receive something upon your death, appointing guardians for your children or protecting your property.
Besides this, a Will is also the foundation to all good financial and estate planning.
Your Will can help protect your home from residential care costs, provide inheritance tax planning and safeguard children and vulnerable beneficiaries from the challenges of life.
With Newstead Clark it is simple, cost effective and your wishes are dealt with in a friendly and sympathetic manner.
1.Call our office, fill in our contact form or book an appointment directly on our website to arrange a meeting with one of friendly financial advisers. We offer home visits, office appointment or video appointments via Microsoft teams, Zoom or Facetime.
2.During your meeting we will give you all the advice you require and record your instructions for the drafting of your Will.
3.Once you have approved the draft copy of your Will, arrangements will be made for it to be signed and witnessed.
4.That is it. You now have peace of mind that you have a Will professionally drafted and all it took was 1 hour of your time.
Newstead Clark are fully trained to take Will instructions. All Will writing is completed by our partner Complete Wills. Complete Wills staff are fully qualified and members of the Society of Will writers.
– One basic Will – £150.00
– Two basic Will’s / Mirror Will – £250.00
– Two Will’s & Property Trust – £495.00
*If were to add exclusions to your Will this is an extra £50 per exclusion*
Mr S has two children, following a family argument he has not seen one child for over 20 years. Mr S wishes to exclude this child from inheriting.
Therefore, Mr S requires a Will, an exclusion clause within his Will and the preparation of a letter of reasons why he is excluding the child.
The fee would be £200.00.
Mr & Mrs S own a house, they have three children, they want a Will which states that when one of them dies the deceased half share of the house goes into trust for the children, but the surviving spouse has the right to live in the house for life.
Following the first death, if the surviving spouse remarries or goes into a care home then the deceased’s share of the house is secured for the children.
Therefore, Mr & Mrs S require Wills, the trust clauses within their Wills and to change the ownership of their house to tenants in common at HM Land Registry (so they own the house 50/50).
The fee would be £495.00.
Whether you have simple wishes for your Will, or if you complicated financial or family affairs, Newstead Clark can help advise you and prepare your Will.
Lasting Power of Attorney
Below we have answered a few frequently asked questions you may have:
A Lasting Power of Attorney (LPA) allows you to appoint someone, known as your attorney, to make decisions on your behalf.
If you reach a point where you are no longer able to make decisions for yourself, your attorney can manage your finances for you.
Attorneys can also make decisions relating to your health and welfare.
There are two types of Lasting Power of Attorney:
1.Property and Affairs Lasting Power of Attorney
A property and affairs LPA covers decisions about your finances and property. Amongst other tasks, your attorney can pay your bills, collect your pension and benefits, sell and buy property for you, deal with your bank and any tax matters.
2.Health & Welfare Lasting Power of Attorney
A health and welfare LPA covers decisions about your health and welfare. Your Attorney can make decisions about where you live, day-to-day care including your diet, what you wear and what medical treatment you receive. If you wish your attorney can have the power to decide when medical treatment is to be withdrawn. Your Attorney would need to be consulted by Social Services and the NHS about any proposals and treatment involving you.
1.Reassurance that the trusted person chosen by you will make decisions for you at times when you cannot.
2.To prevent a stranger from making decisions for you.
3.To shield your family from the stress and expense of court applications if there is no LPA in place.
Newstead Clark offer a friendly, empathetic, and professional service at a fixed rate fee (as displayed below). The process is easy to understand with a trusted financial adviser from Newstead Clark taking the instructions and our partner Complete Wills drafting, certifying, and registering your LPA’s with the Office of the Public Guardian (OPG).
- One LPA – £250.00
- Two LPA’s – £500.00
There is also an additional Office of the Public Guardian fee of £82.00 for each LPA to be registered.
Mr & Mrs S would both like to instruct an LPA for property & affairs as well as health & welfare. Therefore, they would require 4 LPA’s in total.
The fee would be £1000.00 + £368.00 in registration fees.
If you are contemplating appointing a Lasting Power of Attorney, please contact our office to arrange a meeting.