Svetlova LLP

Wills and Lifetime Planning

Wills & lifetime gifts

We offer comprehensive advice to clients who wish to make gifts of their wealth during their own lifetime or on their death. Gifting assets to successors during your lifetime may result in a 40% tax saving to your heirs. We assist clients with structuring their lifetime gifts in order to preserve their fortunes and minimise the impact of inheritance taxation.

We advise clients who are planning to make gifts of all types, including real estate, portfolios of shares, holdings in private companies, art, intellectual property and other assets.

Will Writing

A Will is a legal document that allows you to state what should happen to your assets (your money, property, investments and possessions) as well as your young children after you have passed away.

Having a written will ensures that your wishes regarding your money, your possessions and your property are carried out after you die and that your family and loved ones are looked after in the way that you want.

At Svetlova LLP we offer a wide range of will writing services tailored to your particular situation, whether you need a simple will with straightforward requirements or a bespoke will required to handle complex cases with intricate assets structure, where large estates are involved.

A will is one of the most important legal documents you will ever sign and any small error in the wording is open to interpretation which can cause problems or even render the will invalid. Making a Will clarifies your wishes and enables you to give your loved ones financial protection after you die. Svetlova LLP can assist you in preparing a valid will which will meet your needs and requirements.

The cost of this service depends upon the time spent, with a typical hourly cost of £[ ]plus VAT and the average price for completion starting at £1,200.

What happens if I die without making a Will?

If you live in England or Wales and die without a legally valid Will the government will decide who gets what.

If you have no living family members, all your property and possessions will go to the Crown. If you have children under 18 years old, other people can make decisions about who will take care of the children and manage their finances, education and living arrangements. By making a Will you can set out your specific wishes as to how all of the above are to be handled.

Questions to Consider

When making a Will you will need to consider questions such as:
Who will look after your children?
What will happen to your home?
What will happen to your pets?
Will Inheritance Tax (IHT) be payable on your estate?

Svetlova LLP offers a range of Will writing services to suit your needs. Please do not hesitate to contact us if you are looking to prepare your Will.