KTP Solicitors is a law firm with several offices throughout South Wales. We have a team of specialist solicitors that are highly experienced in everything to do with planning your estate and dealing with tax issues; ensuring your estate passes to the right people when you die and working alongside executors or estate administrators when the time comes to distribute the assets amongst the beneficiaries.

Fulfilling your Wishes and Protecting your Assets

Making sure your wishes are fulfilled, your estate is protected during your lifetime and your assets distributed properly when you die takes some planning and it is wise to do this planning as early as possible in your life, for example when you buy your first property, start living together, get married or have your first child. There are a number of ways in which this can be done:

Will Writing

A professionally drafted will is imperative if you want to ensure your estate falls into the hands of the right people when you die. In order to eliminate disputes and manage tax issues, KTP’s specialist will writing solicitors will advise you fully and then draft a will to see your wishes carried out and eliminate disputes, even in the most complex of situations.


Keep Your Will up to Date

Keeping your will up to date is vital. If you have experienced any changes in your circumstances, such as divorce, marriage or civil partnership, the addition of children or grandchildren to your family or the death of a beneficiary then you should contact KTP Solicitors right away as a change to your will may be necessary.

Estate Planning and Planning Ahead for the Future

Inheritance Tax and Capital Gains Tax are two important factors that could have serious connotations on the value of your estate but other things to consider when planning ahead for the future are:

  • How will your children be cared for – financially and socially - should you die whilst they are still young?
  • Will you be able to meet the costs of long term care without having to sell your home?
  • What will happen if you become mentally incapacitated and unable to manage your own finances?

Planning ahead is vital, and the specialist estate planning lawyers at KTP Solicitors will provide tailored advice to help you minimise any tax payable on your estate when you die; set up Trusts to safeguard children’s future and provide advice on Guardians. They can also advise you on setting up a Lasting Power of Attorney (see below).

Lasting Power of Attorney

A Lasting Power of Attorney (LPA) will safeguard your interests – financial and welfare related - if you become unable to look after your own affairs through mental incapacity.

There are two types of LPA; one deals with property and affairs and the other with health care and life sustaining medical treatment. With an LPA you get to appoint the person or people of your choosing to handle your affairs at the point when you can no longer do so, or no longer wish to. The alternative? If you do not make an LPA and if you become mentally incapacitated it will fall to the Court of Protection to appoint someone to handle your affairs.
Probate and Estate Administration

The financial and legal matters that lay ahead when someone dies – known as ‘estate administration’ - can often become all-consuming for those left behind. The probate and estate administration specialists at KTP Solicitors offer practical, expert advice delivered in a sensitive and sympathetic manner.

If you have been appointed Executor of a will or Administrator of an estate and do not feel up to handling the responsibility then our specialists can help. We can work with you, or take over the task completely if you wish. Whatever your choice, you can rest assured we will expedite all the necessary legal, financial and tax-related procedures, including obtaining a Grant of Probate if necessary, without you having to worry about a thing.

Do you want to make sure your estate is in order?

Reduce tax liabilities and provide for your loved ones in the future?

Do you need professional assistance in administering an estate?

 

Uncontested Probate

People

The partner in charge is Jeffrey Kitchen, a Solicitor of 30 years experience.

Other people in KTP Solicitors carrying out Wills and Probate work are:

Rhian McTiffin, a Fellow of The Chartered Institute of Legal Executives (CILEx) with five years  post qualification experience.
Olivia Kitchen, a Solicitor with two years post qualification experience.
Elizabeth Hinton, a Trainee Solicitor.

Jeffrey Kitchen  supervises the work of Rhian McTiffin, Olivia Kitchen and Elizabeth Hinton.

Rhian McTiffin supervises the work of Jeffrey Kitchen.

Costs Information

For a single will KTP solicitors charge a fixed fee of £80.00 plus VAT
For two wills on behalf of spouses we charge a fixed fee of  £150.00 plus VAT.
Further charges are likely if there has to be home visits in order to carry out the work.  These will be determined on distance required to travel and number of visits.

 

Uncontested probate work is charged on the following basis

1% of the gross value of the estate, plus an hourly charging rate time of £100.00 per hour.  VAT of 20% is payable in addition.
No additional charges are anticipated
There are disbursements that may be payable in addition to the above charges . They are:
£156.00 – Court Probate fee, unless the person can obtain exemption
£7.00 – Oath fee, per oath for the swearing of the Oath
£150.00 plus VAT– Surveyor fee for valuation of property

Stages of Non-Contested Probate Matter

The stages of a non-contested probate matter as follows:

  1. We need to obtain a grant of probate if the deceased left a valid will, or letters of administration if they didn’t;
  2. We then need to realise all the assets from the estate by contacting banks, building societies etc., and, if appropriate, by arranging the sale of the deceased’s property;
  3. We can then distribute the estate in accordance with the deceased’s will, or under the rules of intestacy if there is no valid will.

It ordinarily takes approximately six weeks from meeting with you to obtain a grant of probate or letters of administration, and full distribution  of an estate normally occurs approximately six months from the grant of probate or issue of letters of administration. These time scales can change due to matters beyond our control.


 

Contact us for an informal discussion about how we can help you.

Our team of approachable specialist wills and probate lawyers offers a sensitive and sympathetic service, as well as convenient home and hospital visits.

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