Trust, Wills and Probate

  • Administering Estates - Procedures and Pitfalls

    A recent survey has shown that more than one in ten people who are thought to have died intestate (i.e. without leaving a will) may actually have made a will and that a similar number of those who leave a will which is initially believed to be the last will...
  • Asset Valuation Problems - Chattels

    When dealing with an estate, an increasing problem for executors is the valuation of assets in the form of the chattels of the deceased. In probate terminology, chattels are the ‘everyday’ assets such as furniture and ordinary possessions, as...
  • Bury in Bloom - 2012

    Willett & Co Solicitors are proud supporters of Bury in Bloom - a local campaign dedicated to promoting a greener, cleaner and more beautiful Bury St Edmunds - and are pleased to report that we have been given an Outstanding Achievement award for our...
  • CGT and Shares in Estates Valuation Trap

    In the UK, there are quite generous exemptions from Inheritance Tax (IHT) which apply to business assets. One problem with making use of such exemptions is the effect this may have on the subsequent value of the relevant assets for Capital Gains Tax (CGT)...
  • Changing Wills For Benefit

    A will expresses the final wishes of the deceased person and it is commonly thought that a will is irrevocable after death. However, provided everyone agrees, it is normally possible to vary a will provided that the application is made within two years of...
  • Cohabitees and Death - Who Can Claim?

    When one member of a cohabiting couple dies, it can come as an unpleasant surprise to the bereaved partner to discover that not all of their late partner’s estate will pass to them in the absence of a will. It is only when this happens that many people...
  • Dealing With an Insolvent Estate

    One of the rules that applies to the administration of estates is that whilst a person appointed as executor under a will can refuse to accept the appointment, once an executor ‘intermeddles’ in the estate, in principle he or she cannot then...
  • Estates - What Happens if Values Fall?

    One of the biggest problems now facing executors is that assets can fall in value as well as increase, which can mean that the value of an estate for Inheritance Tax (IHT) purposes is greater than the market value later on. Where assets are disposed of at...
  • Free Initial Half Hour Consultation

    Willett & Co is offering FREE LEGAL CONSULTATION** - an initial half hour consultation. We serve the needs of small to medium sized businesses (companies, partnerships and sole traders), families and individuals. We deliver a full range of...
  • Heir Hunters - Take Advice!

    Until the recent publicity afforded by television shows on the subject, many people might not have realised that ‘heir tracing’ companies exist, let alone that they research ‘promising’ estates by looking at public records and then...
  • Helping Your Executors

    Being an executor is a demanding job at the best of times and a task that is made all the more difficult when the deceased has not given proper thought to the problems their executors will face. Here are some of the things you can do to make sure your...
  • How do I Leave Money to Charity in My Will?

    It's easy to include a charity in your will, but you should always consult your solicitor before you write or change your will  to be sure it reflects your exact intentions and that you understand its implications. Before you call your adviser,...
  • Making Your Will - Guidance

    It is easy to keep putting off making a will. However, having a valid will is the only way to guarantee that your estate goes to who you want it to when you die. If a person dies having made a will, the distribution of their estate is normally...
  • What Happens on Intestacy?

    The Inheritance and Trustees’ Powers Act came into force in late 2014. It changes intestacy law in England and Wales to allow a deceased's estate to pass to their widow, widower or civil partner absolutely where there are no children. The...
  • What is a Lasting Power of Attorney?

    In October 2007 there was a fundamental change on the way in the way powers of attorney are created and the powers that they can give attorneys, when the Enduring Power of Attorney (EPA) was replaced by the Lasting Power of Attorney (LPA). EPAs are no longer...
  • What is a Trust?

    A trust comes into effect when a ‘settlor’ places money, land or other assets in the hands of trustees. The trustees are the legal owners of the property but are obliged to hold and manage the property for the benefit of a person or a group of...
  • Who is Under the Influence?

    The law recognises that some people (such as solicitors or accountants) have a high degree of influence over other people (their clients), since clients hire their professional advisers for the specific purpose of giving advice. However, it is not normally...
  • Willett & Co - Christmas opening hours

        Please note that the office of Willett & Co. will be closed from 1:30 p.m. on Wednesday 23rd December 2015 and will re-open at 9 a.m. Monday 4th January 2016. Best wishes for the festive season from all of the team at Willett &...
  • Willett & Co - celebrating 40 years

    The firm was established by current Senior Partner Clive Willett  in July 1973. He founded the firm 40-years ago after working for a London firm specialising in commercial law. For the first 20 years Willett & Co was based in offices in...
  • Wills Week - Helping People Make Wills

    Wills Week began in 2004 with just one solicitor in Bury St. Edmunds and now there are regularly 16 solicitors taking part throughout June. Supporting solicitors can be found in Bury St. Edmunds, Newmarket to Diss, Sudbury to Haverhill and Clare to...
  • Wills Week 2011 - Supporting St Nicholas Hospice

    Willett & Co. Solicitors is supporting St. Nicholas Hospice Will Week – and drawing up standard wills in return for a suitable donation to the Hospice between 22 – 30 June 2011. If you are one of the many people who have still not made a...
  • Wills Week 2012 - Supporting St Nicholas Hospice

    Willett & Co. Solicitors is supporting St. Nicholas Hospice Will Week – and drawing up standard wills in return for a suitable donation to the Hospice between 20 – 27 June 2012. If you are one of the many people who have still not...
  • Wills Week 2013 - Supporting St Nicholas Hospice

    Willett & Co. Solicitors is supporting St. Nicholas Hospice Will Week – and drawing up standard wills in return for a suitable donation to the Hospice between 3rd - 7th June 2013. If you are one of the many people who have still not made a...
  • Wishing you a Merry Christmas

    Wishing you a Merry Christmas & Prosperous New Year from all at This office will close at 5.30 p.m. on Friday 23rd December 2011 and will re-open at 9 a.m. on 3 rd January 2012.   ...

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