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The
importance of making a will cannot be overstressed.
Each will is tailor-made for the client, taking
into consideration his or her personal financial
circumstances, family and commitments and the possible
incidence of taxation and in particular inheritance etc.
After a death it is important to those who are left
behind that the estate is administered with sympathy as
well as with efficiency.
It involves obtaining valuations of all the
assets of the estate, agreeing the tax liability,
applying for the Grant of Probate for letters of
Administration in the event that there is no wills and
then with the benefit of that grant gathering in the
assets of the estate and administering then according to
law as the case may be in some cases a trust may arise
under the provisions of a will or on intestacy and that
trust could last for many years. It will normally
require the advice and assistance of a solicited and in
many cases a skilled financial adviser.
In
dealing with the personal affairs of clients it is
appropriate to mention powers of attorney and court of
protection orders.
These are normally granted to enable relatives,
friends or professional advisers to administer the
affairs of elderly of infirm persons who, for whatever
reason, are unwilling or unable to manage their own
affairs.
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