The question often asked is: "Why should I make a Will"?
A carefully prepared Will can ensure that after your death, your assets will be distributed in accordance with your wishes and to the people of your choice. Regardless of your financial position you should make a Will. A Will provides the means for you to direct who is to take charge of your affairs and see that your wishes are properly carried out. Making a Will helps you consider what the needs may be of people who depend on you for their security in life.Why Caudwells?
We would strongly recommend in reviewing your affairs that you should give consideration to the preparation and completion of Enduring Powers of Attorney relating to your property and personal affairs.
This is of particular importance for people of retirement age and older.
Usually an Enduring Power of Attorney only operates in circumstances where an individual through old age, illness or infirmity is no longer able to make decisions on his/her own behalf relating to property and personal matters.
Such powers of attorney normally appoint a family member to make decisions on your behalf when you are not able to readily make these decisions yourself because of incapacity, infirmity or possibly you may be travelling overseas and have a need for someone trustworthy to represent your interests whilst you are not able to do so yourself.
Such powers of attorney can be held with your personal papers such as your Will so as to be readily accessible should it be needed at any time.
Having these documents in place ensures the smooth transition in the management of your personal and financial affairs by a person of your own choice in the event of a sudden and incapacitating illness or other event that prevents you from dealing with your personal matters yourself.
Caudwells offer a complete and comprehensive service for
the administration of Estates. We also recognise the need for a caring and compassionate
approach when dealing with family following the death of a loved one. Whether the deceased
has a Will or not Caudwells will be able to:-
Caudwells have available within their offices a comprehensive range of professional legal services to meet any situation that may arise during the course of the administration of an Estate.
Please feel free to contact us to discuss these services at any time.
Should I or shouldnt I have a family trust?
At Caudwells, that is a question we get asked a lot, and we are familiar with the issues that need to be considered before this decision can be made. There are reasons why it may suit certain peoples circumstances, but there are also other reasons why not. It may be appropriate if you are concerned about protecting certain property for future generations, or are concerned about your familys security, but it pays to discuss your circumstances with us.
The creation of trusts is a specialised area, which can be subject to change. If you are unfamiliar with this area, it may be helpful to have some background information. Some of the key terms involved with trusts, described in a simple way, are:
If you would like more specific information, or would like to make an appointment to discuss trust planning options for you, please contact:
Many of our clients have concerns about protecting certain family assets for their off-spring, or wonder whether the nature of their business and trading activities may jeopardise the security they want for their family. Careful asset planning, and the use of appropriate business structures, can help to minimise these concerns.
A careful assessment needs to be done of individual circumstances before we can advise you of the best approach for you, but the key word in this area is definitely planning. While its never too early to start thinking of what may lie ahead, unfortunately we do find sometimes that it is too late to put in place effective planning tools.
If you have concerns, or want to find our more information, please contact:
Succession Planning can mean different things in different circumstances.
It could be:
To be able to effectively meet the interests of all the parties involved in negotiations such as these, takes skill and experience. And thats what our commercial team has to offer. If you would like the opportunity to discuss your circumstances with one of our legal team, contact: