If you are looking for experienced and reliable estate planning solicitors in Suffolk, you have come to the right place. Wayman & Long is a long-standing high street solicitors firm with two branches based in Suffolk; one in Clare and one in Sudbury.
In this blog, we’re going to outline the importance of estate planning and explain how an estate planning solicitor can help you and your family.
Put simply, having an estate plan is the best way to protect your assets, ensure your loved ones are looked after and give yourself complete peace of mind that your wishes will be carried out.
Without a legally-binding estate plan in place, your family members will be left with a lengthy and complex legal process of trying to obtain and distribute your assets, including your finances, property and possessions. This can put an unnecessary burden and added strain on your family at an already difficult time.
The probate process, which must be carried out before the estate can be settled, takes 1-2 years. However, this may be longer due to various factors such as lengthy property sales, inheritance tax complications and family disagreements.
Ultimately, when to start estate planning is entirely up to you. It will depend on various factors including your age, amount of assets, marital status, family dynamic and your health.
With that being said, we believe it is never too early to get started with estate planning. It can, however, be too late. Some advisors recommend starting as soon as adulthood is reached and assets are obtained.
Unfortunately, life can be incredibly unpredictable and we never know what’s around the corner.
Sudden illnesses often mean that an individual can become too unwell to look after their own finances and make sound decisions regarding their assets – without an estate plan in place, the only way to resolve this would be with a probate process.
Aside from taking a long time, this can cause friction between family members and can even result in unresolvable family disputes.
An estate planning solicitor specialises in all matters relating to your estate, this includes will writing, property planning, tax planning and appointing beneficiaries. Initially, they will explain the process and help you better understand your options.
Then, they will use their expertise to guide you through the complex process from start to finish, ensuring you have an estate plan that is tailored to your needs with your assets protected and your wishes met.
An estate planning solicitor takes the stress out of what can be a complicated process. They ensure all paperwork and legal documents are filed correctly and timely whilst considering factors you may have overlooked. An estate planning solicitor will be able to help you with various legal matters, including family law, business succession and tax planning, while also being on hand to answer any questions you may have.
At Wayman & Long, we offer a range of services and can guide you through complex processes with expertise, sensitivity and a family-oriented approach. Our highly skilled solicitors have been helping the people of Suffolk and beyond for decades.
We are proud to have built an excellent reputation and have a high number of repeat customers who trust and value the services we provide.
We believe it is our transparency, consistency and full-service support. At Wayman & Long, we aim to be upfront and transparent about everything – from time frames to pricing – from the very first consultation. To avoid hidden or unexpected fees, we have implemented fixed-fee structures wherever possible.
In terms of consistency, we provide each customer with a dedicated solicitor who will guide them through the process from start to finish. You won’t be passed from one person to another! Instead, you will have a trusted, familiar face that you can count on.
Here at Wayman & Long, our estate planning solicitors can help with:
The team of solicitors at Wayman & Long are specialists in a range of legal areas. Aside from estate planning, we can also help you with Family Law, Property Law, Divorce, Agricultural & Rural Affairs and more.
Getting started with estate planning today allows you to live the life you want whilst ensuring your nearest and dearest are cared for whatever happens. To speak to an experienced estate planning solicitor in Suffolk, reach out to the Wayman & Long team today.
You can book a consultation by calling us on 01787 277375 or email us at enquiries@waymanandlong.co.uk. Alternatively, fill out our enquiry form and one of our team members will be in touch as soon as possible.
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