Having the correct legal documents in place and up to date helps to safeguard your wishes so that your estate is taken care of by those you trust and as you intended. At Key Retirement, we provide a professional service to give you the peace of mind that your requirements are clearly set out. These services include
Wills and LPAs
Careful planning is the best way to ensure that your wishes are carried out throughout your lifetime and beyond. This is known as 'estate planning'.
- Arranging your Will
- Incorporating Trusts within your Will, where applicable
- Drawing up a Living Will
- Putting together Lasting Powers of Attorney
- Recommending a document security service to keep your legal paperwork safe until it is needed
Creating your legal documents is important. Carefully consider each of your loved ones and what you want to leave them, as well as thinking about what might happen in difficult medical situations.
How does estate planning work?
To help you with the whole process our estate planners will guide you through these steps
- Advice - Speak to one of our qualified estate planners who will use their experience to help you thoroughly plan for whatever the future may hold. They will assess your personal situation and then advise you on which services you need. Remember, we will never sell you anything you don’t require!
- Ask questions - We understand that tackling legal matters can be confusing, which is why when you speak to your estate planner your questions will be answered clearly and without jargon. Ask us anything and we’ll give you no nonsense answers
- Understand your options - Discuss your thoughts with your estate planner. We will make sure we fully understand your intentions and will talk to you about all of the implications before you go ahead
- Consider talking to your family - Some people like to discuss with the family, whilst others want to keep it private – this is entirely at your discretion
- Fixing a price - Your estate planner will give a fixed fee price to draw up your legal paperwork. Here at Key, unlike many high street establishments, we don’t charge for any further help and advice, no matter how long it takes
- Stipulating your wishes - Once you have clarified your wishes, your estate planner will take your instructions over the phone, whilst giving further advice where necessary
- Creating your documents - Upon receiving your final instructions, we draw up your documents and clearly mark where they have to be signed, dated and witnessed. Your witnesses are usually friends or neighbours who are not mentioned in the Will or named as attorneys
- Storage - Once your Will has been written, it needs to be kept safe. You can either keep the Will safe at home or storage can be arranged free of charge
- Amendments - It’s important to keep your paperwork valid so if you need to amend or update your documents in the future, we can do this for a nominal fee (starting at £69 including VAT), as we already have your original instructions stored electronically
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Do your estate planning from the comfort of your own home with Key
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What you can expect from Key
- Expert advice - our estate planners are experienced and fully qualified. They are also members of the Society of Will Writers
- Honesty - we won’t recommend anything that isn’t necessary for you and your family
- A personal service - you will deal with the same estate planner throughout the process and beyond
- Attention to detail - we'll ask the right questions to ensure your wishes are fully documented and there's nothing forgotten
- Care for your legal documents – we can organise safe storage
Why do I need a Will and LPA?
Writing a Will is one of the most important documents you will make in your lifetime. Failing to make a Will means that you have no control over what happens to your estate. Your assets will be distributed according to the laws of intestacy, which may not be the way you planned.
If there comes a time in the future when you don’t have the mental capacity to make decisions, and you haven’t got a valid LPA it may be necessary for the Court of Protection to become involved. This can be a lengthy and costly process, and your appointed attorney may not be the person you would have chosen.
These pages give a general overview of the issues surrounding estate planning and are based on our understanding of the current law and tax regulation in England and Wales, which may be subject to change.