Best Estate Planning Lawyers in Leicester

About Estate Planning Law in Leicester, United Kingdom

Estate planning is an important legal process that involves making arrangements for your assets and possessions to be distributed after your death. In Leicester, United Kingdom, estate planning laws provide a framework for individuals to plan and manage their estates to ensure their wishes are fulfilled.

Why You May Need a Lawyer

While it is possible to handle certain aspects of estate planning on your own, seeking legal help is often recommended to ensure your estate plan is comprehensive, legally valid, and reflects your specific intentions. Some common situations where you may need a lawyer for estate planning in Leicester include:

• Creating a will or trust
• Minimizing estate taxes
• Appointing guardians for minor children
• Naming beneficiaries for your assets
• Establishing powers of attorney
• Charitable giving

Local Laws Overview

Estate planning laws in Leicester, United Kingdom, are primarily governed by the laws of England and Wales. Some key aspects of local laws that are relevant to estate planning include:

• Wills Act 1837: The primary legislation governing wills in the UK.
• Inheritance (Provision for Family and Dependants) Act 1975: This act allows certain individuals to make claims against an estate if they have not been adequately provided for.
• Trusts: Trust laws in Leicester, UK, allow individuals to protect and manage their assets during their lifetime and provide for their distribution upon death.

Frequently Asked Questions

1. What is the role of an executor in estate planning?

An executor, appointed by the will or court, is responsible for managing and distributing the assets of a deceased person according to their wishes.

2. How often should I update my estate plan?

It is generally recommended to review and update your estate plan every few years or whenever significant life events occur, such as marriage, divorce, birth of children, or changes in financial circumstances.

3. What happens if I die without a will in Leicester?

If you die without a will in Leicester, your assets will be distributed according to the laws of intestacy, which may not align with your wishes. It is advisable to have a valid will in place to ensure your assets are distributed as you desire.

4. Can I make changes to my estate plan after it is created?

Yes, you can make changes to your estate plan after it is created. This can be done through the execution of a new will or by creating a codicil, which is a legal document amending specific details of an existing will.

5. Do I need to involve a lawyer if I just want to create a simple will?

While it is possible to create a simple will without a lawyer, involving a legal professional ensures that your will meets all legal requirements and is less susceptible to challenges in the future. It is recommended to seek legal advice even for simple estate planning matters.

Additional Resources

For further information and assistance with estate planning in Leicester, United Kingdom, you may find the following resources helpful:

• Leicester City Council: The official website of the Leicester City Council provides information on wills, probate, and estate planning within the city.
• The Law Society: The Law Society website offers guidance and resources to find solicitors specializing in estate planning in Leicester.
• Citizens Advice Leicester: Citizens Advice Leicester offers free legal advice and information on various legal matters, including estate planning.

Next Steps

If you are in need of legal assistance for estate planning in Leicester, United Kingdom, it is recommended to:

1. Research and understand the basics of estate planning.
2. Consider your specific needs and goals for your estate plan.
3. Gather relevant documents, such as financial records and personal information.
4. Consult with a qualified estate planning lawyer in Leicester to discuss your situation and explore the best options for your estate plan.
5. Work closely with your lawyer to create a comprehensive and legally sound estate plan.