top of page
UK Paralegal Law Firm
Office Telephone 0330 2233 506
L E G A L S E R V I C E S
Click for Information:
Data Protection & GDPR Services for the Small Business Owner
The General Data Protection Regulations (GDPR) apply to ALL businesses that process Data regardless of the size of the Organisation. Personal Data means information that can be used to identify a person such as Name, Address, Telephone number even an image on your CCTV system.
FOR FULL DETAILS OF OUR GDPR & DATA PROTECTION SERVICES CLICK HERE
Estate Planning - Wills, Trusts, LPAs.
The Transition Law team has a wealth of experience specific to Wills & Trust Law. Everyone should understand, they need a Will if only to express their wishes. Business people have specific needs that can only be met by having a professionally drafted Will.
Both Business Owners and private individuals know that they ought to have a Will BUT has anyone told you what happens to your possessions, your money and your family if you don't?
This page gives you information about the current state of English Law in these matters and if you are like most people we speak with, some of it will be a big surprise and some of it may shock you!
You have spent time and made sacrifices to ensure your family's future. However, in order to pass your possessions on after your death in the way YOU want them to be, your Will MUST include the correct instructions for your Executors.
For example, if you own a business and your Will does not include the correct business clause your business may have to cease trading and all your hard work can be lost forever. Whether you are in business or not, you should take clear, professional advice to provide for your family after you have gone.
Last Wills Factsheet:
Here is just some of what you need to know!
-
Up to 70% of UK citizens do not have a valid and current Will
-
If you die without a Will (Intestate) the Government decides who gets your things
-
If you get married your Will becomes Void. If you get Divorced it does not!
-
An unmarried ex-spouse can make a claim on your estate when you die.
-
Your Step Children CANNOT inherit from you unless you make a Will
-
After your death a Will can prevent your spouses new spouse leaving everything to their children and not yours
-
Your business may have to close if you don't leave a Will.
-
A Will can help reduce losses due to Care Home Fees
Lasting Powers of Attorney
A Lasting Power of Attorney (LPA) is a document, which authorises someone to act for you in case you become incapacitated and cannot act for yourself. E.g. through Illness, accident or age
Most people do not understand that if they are unconscious or have lost their ability to reason, NO ONE can act for you unless you have previously arranged it. In such a case, the Government takes over, in the form of the Office of the Public Guardian (OPG). They direct what will happen to you and your belongings, this action is enforced by rulings from the Court of Protection.
NB: Even a spouse cannot make decisions about you, go into your bank account, pay your bills, advise on your preferences for medical treatment etc. The ONLY way to prevent this is to write your LPA BEFORE anything happens.
Lasting Power of Attorney Factsheet.
Here is just some of what you need to know!
-
Not just for older people anyone can become incapacitated, unconscious (Eg. coma) etc at any age
-
Around 90% of people DO NOT have one - even higher than Wills!
-
Without an LPA the Government, not your family runs your affairs
-
Without an LPA your money and spending is not under your or your family's control
-
If you are unconscious, even your spouse cannot access your bank account, pay bills (mortgage?) etc without authority from a court
-
Without an LPA your family has to apply to become your 'Deputy' which costs a lot of money and can take several months
-
All of this can be avoided by deciding who will do what, before anything happens.
Business Consultancy
Consultancy skills learned over many years put Transition Law at the forefront of UK Business advisors. At Transition Law you can access top quality Business Consultancy advice, assistance with Legal and professional advice to develop and improve your business and secure your position both as an Entrepreneur and Employer.
Here are some areas of Consultancy we can assist with.
Business Development Consultancy
Product development Consultancy
IPO Assessment Consultancy
Fundraising & Venture Capital Options
Staff Recruitment Consultancy
Project Management
Anchor 1
Anchor 2
Anchor 3
Anchor 4
Anchor 6
Anchor 7
bottom of page