Wills, Power of Attorney & Executry

Wills & Power of Attorney Packages

Single: £300 (+vat)

Couple: £450 (+vat)

We help you gain clarity when faced with making important life decisions from preparing a Will to setting up the Power of Attorney.

Making a Will

Donald Wright talks you through the process of making a Will.

Winding up an Estate

Solicitor Shawn Wood outlines some of the legal considerations when winding up an estate.

Wills, Power of Attorney and Executry

Wills

Making a Will gives you the opportunity to decide how your estate will be divided and who deals with this process. Without a Will, Scots Law will dictate how your assets will be distributed and there is potential for additional costs and uncertainty. When making a Will you should consider who will be the Executor (person dealing with winding up your estate) and how you want your assets to be divided. We can help advise you on this and also provide assistance with Inheritance Tax planning.

Power of Attorney

A Power of Attorney allows someone (usually a relative or a solicitor) to manage your affairs while you are either temporarily or permanently unable to attend to matters. This may include signing documents on your behalf, dealing with finances or consenting to medical treatment. A Power of Attorney can only be signed if the granter has the full capacity to sign the document, and therefore we highly recommend having a Power of Attorney as a matter of “good housekeeping”. Without a Power of Attorney the cumbersome and costly process of a Guardianship Order is required.

Guardianship & Intervention Orders

Where someone loses capacity and there is no Power of Attorney in place it is necessary for a Guardianship or Intervention Order to be sought and granted by the Sheriff Court to determine who can make decisions about that person’s welfare and financial matters. In order to grant such an order the Court requires considerable detail about the capacity of the person (including the provision of medical reports) as well as details about the suitability of the person who is seeking to be appointed to manage their affairs. Once an appointment is made it is also subject to regular scrutiny by the Office of the Public Guardian Scotland.

Executries

At Watermans Legal, we understand that it is an emotional time following the death of a relative or friend. We have a very experienced team of solicitors who can assist with the winding up of an estate in Scotland. Our team can assist with this process from start to finish, dealing with everything from registering the Will and valuing the estate to applying for Confirmation and distributing the estate. The process and level of work involved will depend on whether the person had a Will or not and what assets they had at the time of their death.

INTERESTED IN MAKING A WILL?

Drawing up a Will brings clarity and peace of mind, and reduces the costs of winding up an estate. Book a meeting with us today to find out more.