Estate Planning.

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Estate Planning Services in Exeter, Cullompton, and Tiverton.

Planning for the future is essential to ensure peace of mind and security for you and your loved ones. I offer comprehensive Estate Planning Services in Exeter, Cullompton, Tiverton, and across Devon, helping you make informed decisions about your estate and ensuring your wishes are clearly communicated and legally protected.

Why Estate Planning Matters

Effective Estate Planning involves more than just drafting a Will. It’s about creating a comprehensive plan that addresses your unique needs and goals. With the right planning, you can:

  • Ensure Your Wishes Are Honoured: Clearly outline how your assets should be distributed and who should manage your estate.
  • Minimise Taxes and Fees: Implement strategies to reduce potential tax liabilities and administrative costs, so your beneficiaries receive the maximum benefit.
  • Protect Your Loved Ones: Provide for your family and secure their financial future, including appointing guardians for minor children.
  • Avoid Disputes: Make your wishes legally binding and reduce the likelihood of disputes or challenges to your estate.

My Estate Planning Services

Will Writing

I guide you through the process of drafting a Will that reflects your wishes and complies with legal requirements. Whether you need a straightforward Will or something more complex, I provide tailored solutions to ensure your estate is managed exactly as you want.

Trusts

Trusts can offer flexibility in managing and distributing your estate, protect assets, and potentially reduce inheritance tax. I help set up and manage different types of trusts, including Will Trusts, so your assets are safeguarded for future generations.

Powers of Attorney

Establishing Lasting Powers of Attorney (LPA) ensures that someone you trust can make financial or medical decisions on your behalf if you become unable to make them yourself. I assist with setting up both Property and Financial Affairs LPAs and Health and Welfare LPAs.

Estate Administration

Handling the administration of an estate can be complex and time-consuming. I provide support from obtaining Probate to managing and distributing assets, making the process as smooth and efficient as possible for your beneficiaries.

Tax Planning

Minimising inheritance tax and other potential taxes is a crucial part of effective Estate Planning. I offer expert advice on structuring your estate to take advantage of available tax reliefs and allowances, ensuring your wealth is preserved for your family.

Business Succession Planning

If you own a business, planning for its future is essential. I provide guidance on how to transfer ownership smoothly, ensuring that your business continues to thrive according to your wishes.

Why Choose Me for Your Estate Planning?

Client-Centric Approach

I’m committed to offering a transparent and client-focused service. I take the time to understand your individual circumstances and provide solutions that align with your goals.

Expertise and Experience

With nearly 20 years of experience in Estate Planning, I provide reliable and effective advice to help you navigate complex legal and financial matters.

Personalised Service

I recognise that every client’s needs are unique. My approach is tailored to your specific requirements, ensuring that your estate plan is both comprehensive and practical.

Compassionate Support

I understand that Estate Planning can be a sensitive topic. I’m here to offer support and guidance with empathy and professionalism, making the process as straightforward and stress-free as possible.

Get In Touch

Planning for the future is a vital step in securing your legacy and providing for your loved ones. I’m here to help you create a clear, effective plan that gives you peace of mind. Contact me today to discuss your Estate Planning needs and find out how I can assist you.

To make a free, no obligation enquiry today please call me, Damian Gorman, on 01884 216106 or send a free online enquiry and I’ll call you back as soon as possible.

Free Enquiry

Making a Will and Will Writing

FAQs about Estate Planning.

Estate planning involves making arrangements for the management and distribution of your assets after your death. It includes creating legal documents such as Wills and trusts, planning for taxes, and ensuring that your wishes for your estate are clearly outlined and legally binding.

Estate planning is essential to ensure that your assets are distributed according to your wishes, minimise estate taxes, avoid legal disputes, and provide for your loved ones. It also helps manage your estate if you become incapacitated, ensuring your affairs are handled according to your preferences.

A Will is a legal document that outlines how your assets should be distributed after your death. A trust, sometimes incorporated into a Will, is a legal arrangement where a trustee manages assets on behalf of beneficiaries. Trusts can offer benefits such as reducing tax and providing for special needs.

Probate is the legal process of validating a Will, administering the estate according to law, and distributing the deceased’s estate.

Minimising estate taxes can be achieved through various strategies, including making use of tax allowances, gifting assets, setting up trusts, and charitable donations. We provide tailored advice on tax-efficient strategies to help reduce the tax burden on your estate.

A Power of Attorney allows you to appoint someone to make decisions on your behalf if you become unable to do so yourself. It can be used for financial matters, healthcare decisions, or both, ensuring that your preferences are respected if you are incapacitated.

An executor is responsible for managing your estate and ensuring your Will is carried out according to your wishes. Choose someone trustworthy, organised, and capable of handling the responsibilities. It can be a family member, friend, or a professional executor.

Trusts offer several benefits, including reducing tax, protecting assets from a beneficiary’s creditors, providing for minor or disabled beneficiaries, and ensuring specific conditions are met before assets are distributed. They also allow for more control over how and when your assets are distributed.

Yes, you can update your estate plan as your circumstances or wishes change. It’s important to review and, if necessary, revise your estate plan periodically, especially after major life events such as marriage, divorce, or the birth of children.

Gorman Legal offers comprehensive estate planning services, including drafting Wills, setting up trusts, minimising estate taxes, and providing advice on Powers of Attorney and executors. We work closely with you to create a personalised plan that meets your needs and ensures your wishes are fulfilled.

Make a free enquiry today

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