• Basic Wills from £150.00
    Basic Wills from £150.00
    Without a valid Last Will and Testament any assets you leave on death will be distributed according to the Rules of Intestacy. These rules lay down a rigid method of estate distribution and make no account of your wishes. Click the image to read more...
  • We realise that most people haven’t experienced probate before. Probate is the administration of a deceased’s Estate by the appointed “executors” in the Will, usually family members. At an already difficult and emotional time, the complexities of executing a Will and establishing any appropriate Trusts can be an arduous task. Click the image to the left to read more...
  • Inheritance Tax is simply a tax on money or possessions you leave behind when you pass on.It can also apply to some “gifts” you make during your lifetime. It is therefore vital that you receive professional Inheritance Tax Advice on your position to minimise the impact and tax paid should the worst happen, ensuring that your loved ones receive as much of your money as possible. Click the image to the left to read more...
  • Without a valid Last Will and Testament any assets you leave on death will be distributed according to the Rules of Intestacy. These rules lay down a rigid method of estate distribution and make no account of your wishes, unless you write a will. Click the image to the left to read more...
  • Lasting Powers of Attorney from £195
    Lasting Powers of Attorney from £195
    Often serious illness or accidents strike without warning. Last year, for example, approximately 130000 people suffered strokes. Without a Lasting Power of Attorney being available this is when it becomes difficult... Click the image to the left to read more...

Baby Boomers- Selfish or not?

People born between 1947 and 1964 often referred to as Baby Boomers have come in for criticism under a recent study by law firm Stephensons according to a recent report in the Daily Mail. It has shown that the children of the Baby Boomers are facing poverty in their old age unless they make better pension provisions. One reason given is that two out of three baby boomers say they would rather spend their wealth than bankroll the future security of their children. However one in four of their children say they are relying on inheriting the money built up by their parents to benefit them in their own retirement. There is a regional divide illustrated in the study whereby one third of the respondents in London stated their reliance on inheritance whilst in Newcastle and Manchester it was only one in ten by comparison. Another surprise in the report was that almost half of adults admit to having not discussed the contents of the Will from which they expect to inherit with the people they expect to inherit from. According to the report in many cases people are let down by the actual contents of the Will and resort to lengthy court proceedings to resolve disputes.
David Dexter of LincolnWills stated that in his experience the vast majority of clients making Wills wanted to provide for their assets, built up over a lifetime of hard work, to reach the next generations intact.
Perhaps the law firm didn’t speak to the right people!