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Author name: Tom Stansfield

Cinderella SLS
Articles

Fairy Tale Estate Planning: Cinderella, the Wicked Stepmother, and Why You Need a Will

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Welcome back to the next chapter in our whimsical (but surprisingly serious) look at fairy tales and estate planning. Following the success of our hypothetical Simba case study, we now turn to another iconic tale: Cinderella. This time, we’re tackling the tricky topic of blended families, wicked stepmothers, and why having a Will is essential for ensuring your estate doesn’t end up in a pumpkin-shaped mess. The (Hypothetical) Estate of Cinderella’s Father Let’s imagine that Cinderella’s father was a wealthy gentleman who, like many parents, wanted to ensure his daughter was well cared for after his passing. Tragically, he didn’t make a Will – maybe he was busy organising the household or distracted by a suspiciously high dry-cleaning bill for his daughter’s rags. Under the rules of intestacy in England and Wales, Cinderella’s stepmother – as the spouse – would inherit the first £322,000 of his estate outright, plus half of the remainder. The other half of what’s left would go to Cinderella. But we know how that story ends: the wicked stepmother pockets her share and, with her less-than-saintly intentions, keeps Cinderella locked in the attic while her own daughters revel in riches. We call this sideways disinheritance. It’s a scenario that might make even the Fairy Godmother despair. The Problem with Intestacy Without a Will, you lose control over how your estate is distributed. In blended families – like Cinderella’s – this can lead to heartbreak and inequality. If Cinderella’s father had a Will, he could have protected her share of the inheritance, ensuring it was used for her benefit rather than being squandered on fancy dresses and ballroom tickets for her stepsisters. By appointing trustees, he could have also stipulated conditions for how and when Cinderella received her inheritance. For instance, releasing funds for her education (maybe those ballroom dance classes?) or for her future home – something she clearly needed after years of attic accommodation. What Could Cinderella’s Father Have Done? A Modern-Day Cinderella If Cinderella’s tale played out in 2024 or even 2025, she might have sought legal advice (hopefully before marrying into royalty – those pre-nups are tricky!). With a well-drafted Will and a bit of estate planning, her father could have avoided years of attic misery and set her on a clearer path to happily ever after. Lessons for All of Us Whether your family is more like Cinderella’s or closer to a Disney-esque dream, the importance of having a Will can’t be overstated. Blended families, second marriages, and stepchildren bring unique challenges to estate planning. Without proper provisions, your estate might not go to the people you care about most – and could lead to squabbles worthy of a panto. The Serious Bit in Fairy-Tale Wrapping It’s easy to overlook estate planning, especially when life feels like a whirlwind of chores and unexpected transformations. But the reality is this: making a Will gives you control, protects your loved ones, and ensures your wishes are carried out. So, don’t let your legacy be left to chance or at the mercy of a wicked stepmother. Whether you’re a prince, a pauper, or somewhere in between, make your estate plan your very own fairy-tale ending. And remember, if your pumpkin carriage breaks down on the way to our office, we’re here to help. The moral of the story? Don’t leave your estate planning to a bibbidi-bobbidi-boo – leave it to SLS Wills and More!

Lisa - SLS Wills and More
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6 Months in as a Consultant at SLS Wills and More

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Starting a new chapter at SLS Wills and more this year, has been a whirlwind of anadventure. Monday 10 th June I arrived at the office in Aylesham ready to meet the rest of theteam. The first couple of weeks I wondered more times than not, if I had made theright decision, would I ever understand it all, let alone remember it. As the weeksticked by, I continued my online training with the College of Will Writers, asking Saramore and more questions every day. By the end of July, I had completed all thetraining modules and was ‘ready’ to sit the three final exams. After what felt like forever (6 weeks) I received the new that I had passed!!Feeling nervous, I was able to start meeting clients with Sara to really learn theropes. No two clients have the same family dynamics or want the same things whenthey are planning for the future, so every day is definitely a school day. Probably one of the biggest obstacles and what I really wasn’t prepared for was themarketing and networking, connecting with other local businesses, buildingrelationships and not being afraid to ask questions. Another steep learning curve forme, but one I am beginning to enjoy and feel more at ease with. Here I am six months into this new career, seeing clients on my own now, with Saraand the SLS Wills and More team always on hand to help, encourage and support, Iam loving every minute.

Privilege Wills
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Privilege Wills in England and Wales: A Rare but Valuable Option

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In England and Wales, most individuals are familiar with standard Wills, created through legal documents that are signed and witnessed. However, there exists a lesser-known, yet still legally recognised, type of Will known as a “privileged Will.” While rarely used, a privileged Will can be invaluable for certain individuals facing specific circumstances. This article explains what a privileged Will is, when it can be made, and how it differs from a traditional Will. If you’re considering your estate planning options, understanding privileged Wills could be essential, especially if you or a loved one may need this unique form of testamentary instrument. What Is a Privileged Will? A privileged Will is a type of Will that can be created by certain individuals without the usual formalities required for a standard Will. Privileged Wills are recognised under English and Welsh law, but their application is strictly limited to particular situations, mainly involving those in high-risk environments, such as active military service. Because they do not require the same formal witnessing and signing requirements as standard Wills, privileged Wills provide a quick, flexible way for eligible individuals to make their wishes legally binding. Who Can Make a Privileged Will? In England and Wales, the right to make a privileged Will is reserved for two categories of individuals: It’s worth noting that while these two categories cover most privileged Wills, the term has also occasionally applied in instances where civilians find themselves in extreme danger, though this is far less common and not explicitly covered by legislation. How Do Privileged Wills Differ from Standard Wills? The main differences between a privileged Will and a standard Will involve formal requirements. For most Wills in England and Wales, specific steps must be followed for them to be legally valid: Privileged Wills, however, are not bound by these requirements. For example: These relaxed requirements make privileged Wills unique in the scope of English and Welsh law. However, once a privileged Will is made, it is still legally binding and will be treated as such in probate, provided the person was eligible at the time it was created. When Are Privileged Wills Used? Privileged Wills are rare because they apply only to those facing extreme conditions where traditional Will-making may not be feasible. Examples include: Considerations for Those Making a Privileged Will While a privileged Will can be highly beneficial in critical situations, it’s important to remember that it does come with some limitations: The Minimum Age for Making a Will in England and Wales In England and Wales, the minimum age to make a standard Will is 18. However, those eligible to make a privileged Will, such as young soldiers in active duty under the age of 18, may be permitted to create a privileged Will, reflecting the unique demands and risks associated with military service. Final Thoughts on Privileged Wills Although privileged Wills are infrequently used, they represent an important exception in English and Welsh law, reflecting the special needs of military personnel and others exposed to serious risks. Privileged Wills allow those individuals to ensure their wishes are honoured, even if they cannot complete a standard Will. For those considering a privileged Will, consulting with a specialist in Wills and estate planning, like SLS Wills and More, can offer clarity and guidance on this specialised topic. If you have further questions on privileged Wills or any other estate planning needs, feel free to contact SLS Wills and More to discuss how we can assist you.

The Budget
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The Chancellor’s Autumn Budget 2024: Impact on Estate Planning

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The Autumn Budget 2024, delivered by Chancellor Rachel Reeves, has introduced significant tax changes aimed at addressing fiscal shortfalls while pledging increased funding in crucial sectors. With the largest tax-raising budget since 1993, it has implications for estate planning that will affect individuals with assets and estates in the UK. Below, we delve into the measures directly impacting estate planning, including changes to inheritance tax (IHT), capital gains tax (CGT), and pensions. 1. Inheritance Tax (IHT) Changes and Freezes Frozen IHT Thresholds Until 2030One of the most consequential announcements for estate planners is the freeze on IHT thresholds, now extended until 2030. The nil-rate band remains at £325,000, and the residence nil-rate band is also frozen at £175,000. With these thresholds unchanged, as property values and assets appreciate, more estates will likely exceed these limits, bringing more families into the IHT net. Inheritance Tax on PensionsFor the first time, inherited pensions will be subject to IHT from April 2027. This new rule means that pensions passed down upon the death of the original owner will be considered part of the deceased’s estate for tax purposes, potentially increasing the IHT burden. Estate planners should consider strategies to mitigate this impact, including diversifying assets or exploring trusts. Changes to IHT ReliefsThe budget also outlined plans to make business property relief (BPR) and agricultural business relief (ABR) less generous. While the full details are yet to be disclosed, any tightening of these reliefs will reduce their effectiveness as estate planning tools, particularly for individuals with substantial business or agricultural assets. Those planning to rely on these reliefs should stay informed on how future adjustments could impact their estate’s tax exposure. 2. Capital Gains Tax (CGT) Increases CGT Rate ChangesThe Budget announced increases to CGT rates, which are effective immediately from 30 October 2024. The lower CGT rate rises from 10% to 18%, while the higher rate increases from 20% to 24%. These rates align with those on residential property gains, which remain unchanged. These adjustments mean that individuals disposing of non-residential assets will face higher CGT liabilities, underscoring the importance of careful asset management and timing of disposals. Impact on Business Asset Disposal Relief (BADR)The rate for Business Asset Disposal Relief, a vital relief for business owners planning for succession or retirement, will also increase to 14% starting 6 April 2025. This change will lessen the tax efficiency of transferring business assets, particularly for small business owners and entrepreneurs who previously benefitted from the lower 10% rate. Those considering business disposals should evaluate the timing and structure of these transactions to minimise CGT impact. 3. Pension Planning Opportunities Retention of Pension Tax ReliefWhile there was speculation that pension tax relief could be curtailed, the Chancellor opted to retain the current framework, allowing individuals to continue benefiting from tax-efficient pension contributions. This decision is positive for estate planners, as it preserves the value of pensions as a tax-effective way to build wealth over a lifetime. It may be wise for estate planners to encourage clients to make the most of their pension allowances, given the pending IHT changes on inherited pensions. Pension Credit and State Pension IncreasesBoth pension credit and the state pension will increase by 4.1% in 2025, a move aligned with the government’s commitment to the triple lock on pensions. This increase may enhance retirement planning outcomes, as clients will have slightly more income security in retirement. 4. Business and Property Implications for Estate Planning Impact of Corporate and Business Taxes on Estate ValuationsWith the corporate tax rate held at 25% and business rates relief extended for certain sectors, the economic environment for businesses remains challenging. This higher corporate tax rate and increased business rates could affect the value of businesses and commercial properties within estates. Those with significant business interests may wish to review their estate plans in light of these changes, particularly to mitigate any impact on estate value for heirs. Stamp Duty Land Tax (SDLT) ChangesThe Autumn Budget reintroduced higher SDLT rates for additional property purchases, with a surcharge on second homes increasing to 5% from 31 October 2024. This change could deter some from expanding property portfolios, which may influence long-term estate plans where property is a central asset. Estate planners may look to explore alternative asset classes or strategies to minimise SDLT liabilities. Planning Considerations in Light of the 2024 Budget For those with significant estates, the Budget highlights a few key actions to consider: The Chancellor’s Autumn Budget 2024 introduces several important changes for estate planning, with an emphasis on capturing more revenue from wealthier estates. Careful planning and timely decision-making will be essential for individuals to mitigate these impacts while navigating this new fiscal landscape.

The Lion King - and estate planning
Articles

The Lion King – and Estate Planning

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Estate Planning Lessons from The Lion King: What Simba’s Story Teaches Us About Wills and Inheritance in England and Wales Disney’s The Lion King is more than just a heartwarming tale of courage, redemption, and the circle of life. Beneath the captivating animation and memorable songs lies a complex narrative about family dynamics, inheritance, and succession—key elements in the world of estate planning. If we reimagine the Pride Lands under the laws of England and Wales, the story offers intriguing insights into how proper estate planning can prevent a kingdom (or estate) from falling into the wrong hands. The Royal Lineage and the Importance of a Will In the film, King Mufasa rules over the Pride Lands with wisdom and benevolence. His heir apparent is his young son, Simba. However, tragedy strikes when Mufasa’s jealous brother, Scar, orchestrates his death and manipulates Simba into exile – spoiler alert! With both the king and the prince out of the picture, Scar seizes the throne. Had this scenario unfolded in England and Wales, the absence of a valid Will could lead to a legal quagmire. Under the Rules of Intestacy, if someone dies without a Will, their estate is distributed according to the Rules of Intestacy. As Mufasa’s direct descendant, Simba would be the primary beneficiary. Scar, being a sibling, would only inherit if there were no surviving spouse, children, grandchildren, or great-grandchildren. We already know that Simba’s mum – Sarabi would have benefited before Simba and certainly before Scar.  The Forfeiture Rule: Crime Doesn’t Pay Scar’s nefarious actions introduce the Forfeiture Rule into our hypothetical situation. This rule states that a person who unlawfully kills another cannot benefit from their death. In legal terms, Scar would be barred from inheriting any part of Mufasa’s estate due to his role in the king’s death. His claim to the throne (or estate) would be invalidated, leaving the kingdom in a state of uncertainty. Executors and the Search for Simba In the wake of Mufasa’s death, the responsibility to manage and distribute the estate would fall to the executors named in his Will. If no executors were appointed, the court would designate administrators. Their duties would include: – Identifying and Valuing Assets: Cataloguing the king’s holdings in the Pride Lands. – Settling Debts and Taxes: Ensuring any obligations are met before distribution. – Locating Beneficiaries: Making all reasonable efforts to find Simba. Again, we must remember that despite the fact that Simba was in line to inherit, Sarabi would likely have been sole executor and beneficiary, especially if there is no Will in place unless the Estate is in excess of £322,000. Any inheritance for Simba would have likely been when he became an adult. Picture him walking and singing the Hakuna Matata song). It would be this point when he inherits. Given that Simba is missing and presumed dead, the executors would need to demonstrate due diligence in their search should he be entitled to inherit. This could involve hiring tracing agents or making public notices. Until Simba is found or legally declared deceased, the estate cannot be fully settled. Presumption of Death and Its Implications If Simba remained missing for an extended period, the executors might consider applying for a Declaration of Presumed Death. Under the Presumption of Death Act 2013, a person can be declared dead if they’ve been missing for at least seven years with no evidence of being alive. This legal declaration would allow the estate to be administered, but it’s a lengthy and complex process that executors typically avoid unless absolutely necessary. Scar’s Illegitimate Rule and Adverse Possession Scar’s usurpation of the throne mirrors the concept of Adverse Possession—acquiring legal ownership of property through continuous possession without the owner’s consent. However, in England and Wales, adverse possession requires: – Uninterrupted possession for at least 10 years (for registered land). – An application to the Land Registry. – The original owner’s lack of objection. Scar’s rule fails on all counts. His possession is neither lawful nor uncontested, especially once Simba returns to assert his rightful claim. Parallels to Hamlet: A Tale as Old as Time Many critics draw parallels between The Lion King and Shakespeare’s Hamlet. Both stories involve a prince seeking to avenge his father’s death at the hands of an uncle. This timeless narrative highlights the chaos that can ensue when succession is disrupted—whether by foul play or lack of clear legal directives. For anyone who is a fan of The Last Kingdom, this is a similar story line for Uhtred, Lord of Bebbanburg. Lessons Learned: Safeguarding Your Legacy While most families won’t face royal betrayals or missing heirs, The Lion King serves as a metaphor for the importance of meticulous estate planning. Key takeaways include: – Draft a Comprehensive Will: Clearly outline how your assets should be distributed to prevent disputes. – Appoint Trustworthy Executors: Choose individuals who will act in the best interest of your beneficiaries. – Plan for Contingencies: Consider scenarios like missing beneficiaries or simultaneous deaths. Ok, so maybe this one isn’t too likely. – Communicate Your Wishes: Keep open lines of communication with your loved ones to minimise confusion. How SLS Wills and More Can Help At SLS Wills and More, we understand that estate planning can feel as daunting as reclaiming a kingdom. Our experienced team is here to guide you through every step, ensuring your legacy is protected and your wishes are honoured. Disclaimer: This article is for informational purposes only and does not constitute legal advice. 

Sara Sheppard SLS
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Meet Sara Sheppard: Your Trusted Expert in Estate Planning

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When it comes to estate planning, you want someone with knowledge, experience, and a genuine passion for helping people. With over 35 years of experience, Sara Sheppard, founder of SLS Wills and More, brings all this and more to the table. Based in Kent, Sara has dedicated her career to supporting individuals and families through the complex process of writing wills and organising estates. Her deep knowledge of estate law and her commitment to ongoing professional development make her one of the most respected estate planners in the region. Extensive Experience and Expertise Sara’s extensive experience has seen her work across a variety of settings, including solicitors’ practices and as a private estate planner. She launched SLS Wills and More in 2017 with a mission to provide reliable, professional estate planning services tailored to the needs of her clients across Kent. In a crowded field—there are an estimated 5,000 estate planners in England and Wales alone—Sara stands out due to her reputation for expertise, trustworthiness, and compassion. Estate planning is not just a career for Sara—it’s a vocation. She is a full TEP member of the Society of Trust and Estate Practitioners (STEP), a Fellow of the Society of Will Writers (FSWW), and serves on the SWW Professional Standards Board. Sara’s credentials demonstrate her dedication to maintaining the highest standards of professionalism. She is also a tutor for the College of Will Writing, helping to educate the next generation of estate planners. A Personal Approach Sara believes that estate planning should be a personal and supportive process. One of the most common concerns people have is about finding someone they can trust. Sara welcomes transparency and encourages potential clients to contact the Society of Will Writers (SWW) for verification of her credentials and standing. In fact, she takes great pride in the fact that,since her membership to the SWW in 2017, she has never had a single complaint lodged with the SWW. She’s also been a full member with STEP since 2003 and never had a complaint lodged against her with them either. Beyond her technical expertise, Sara is known for building genuine relationships with her clients. Her approachable nature and willingness to go the extra mile have earned her a waiting list of clients seeking will-writing appointments—a testament to her reputation. This is demonstrated in her Google reviews. Community Focus and Giving Back Sara’s commitment to her community extends far beyond her professional work. A firm believer in giving back, she donates a percentage of her business’s profits to local charities, helping to support causes close to her heart. Examples include HypoHounds, Wildwood and Community Driving School. She is also a long-time volunteer with St John Ambulance, further demonstrating her dedication to making a difference in her community. Building a Team for the Future Since founding SLS Wills and More, Sara has expanded her team and is now actively recruiting consultants to help meet the growing demand for her services. Even with the growth of her business, Sara remains closely involved with every client, ensuring that each receives the personalised attention and high-quality service that has become synonymous with her name. Sara’s leadership extends beyond her business. Until recently, she served as the regional chair for the Kent SWW Group, handing over the role to Kieran from Squiggle Consult. She also runs a supportive WhatsApp group for fellow SWW members, sharing advice and best practices to help others in the industry thrive. Awards and Recognition Sara’s dedication and excellence in estate planning have not gone unnoticed. She has been shortlisted for several industry awards, recognising her contributions and the exceptional service she provides to her clients. Why Choose Sara Sheppard? Choosing the right estate planner is a crucial decision. With so many options available—from private client solicitors to general high street solicitors and self-regulated estate planners—it’s important to make an informed choice. Sara’s combination of experience, expertise, and integrity sets her apart from the rest. She adheres to a code of voluntary regulation and accreditation, providing peace of mind to clients who want to ensure their estates are in safe hands. Sara Sheppard is not only an expert in her field, but also a compassionate and dedicated professional who takes the time to truly understand her clients’ needs. Whether you’re writing your first Will, updating an existing one, or managing complex estate matters, Sara is here to guide you every step of the way. If you’re considering estate planning and want someone you can trust with your time and investment, reach out to Sara Sheppard at SLS Wills and More. With her wealth of experience and commitment to her clients, you can be confident that you’re in the best hands possible.

Future of estate planning
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Changing the Narrative in the Estate Planning Sector: Prioritising Expertise Over Price

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Estate Planning in Recent Years In recent years, the estate planning sector has seen an increasing focus on online Wills, fuelled by digital advancements and shifting consumer behaviours. While the convenience and affordability of online Will writing services attract many, the narrative around estate planning has become worryingly focused on price rather than expertise. However, estate planning should not be reduced to a race to the bottom in terms of cost—it is, after all, about safeguarding your legacy and ensuring your loved ones are provided for in the way you intend. The Rise of Online Wills Recent research from Legacy Foresight has highlighted the growing prominence of online Wills, particularly among younger generations. The data shows that 83% of 35-44-year-olds and 71% of 45-54-year-olds don’t have a Will, with younger people being more likely to turn to online platforms when they decide to take this important step. As digital technology continues to permeate all aspects of our lives, it’s not surprising that many individuals turn to online services for the perceived simplicity and lower upfront costs. Yet, while online Will writing offers convenience, it may also create an environment where consumers make decisions based solely on price, rather than the quality of advice or expertise behind the service. The result? Wills that may not fully reflect the complexities of an individual’s estate, leading to unintended consequences for their families and loved ones. Expertise Matters in Estate Planning Estate planning is a deeply personal and often complex process. It’s not just about writing a document—it’s about making sure your assets are distributed according to your wishes, accounting for family dynamics, tax implications, and future needs. This level of consideration requires a deep understanding of legal and financial principles, which is why working with an expert is so important. A Will drafted without professional advice could potentially lead to costly mistakes, such as unclear instructions, mismanagement of assets, or even the risk of the Will being invalid. Furthermore, complexities such as blended families, businesses, and inheritance tax planning require more than a templated, one-size-fits-all approach. Expertise ensures that these intricacies are properly addressed, reducing the likelihood of disputes or legal challenges after your death. The Dangers of a “Price-First” Approach While it is understandable that people want to save money, choosing a Will writing service based solely on cost can have significant long-term implications. An improperly drafted Will or a failure to account for all legal obligations can result in substantial legal fees, tax burdens, and family disputes—outcomes that could far exceed the cost of using an experienced estate planning professional from the outset. Estate planning should be seen as an investment in your family’s future, not as an area where corners can be cut. A professionally drafted Will offers peace of mind, ensuring that your estate is handled with the care and expertise it requires. At SLS Wills and More, we believe that every client deserves a personalised approach, and our experience allows us to navigate even the most complicated estates with care and precision. Changing the Conversation It is time to shift the conversation in the estate planning sector away from price and back to the importance of quality and expertise. Consumers deserve to be informed of the risks involved in choosing a low-cost, cookie-cutter solution for something as important as their legacy. Estate planning professionals must continue to champion the value of personalised advice and comprehensive planning, ensuring that clients understand the potential pitfalls of cutting corners. At SLS Wills and More, we prioritise expertise above all else. Our founder, Sara Sheppard, has over 35 years of experience in the sector, is a Fellow of the Society of Will Writers, and holds TEP status—an internationally recognised qualification in trusts and estates. We are committed to providing our clients with the highest level of service, ensuring that their Wills are tailored to their unique circumstances, and that their legacies are protected. The Future of Wills: Striking the Right Balance As digital solutions continue to evolve, online Will writing services will undoubtedly play a role in the future of estate planning. However, it is crucial that these services do not become synonymous with cheap, one-size-fits-all solutions. Rather, there should be a balance—offering convenience and affordability without compromising on the level of expertise provided. As more individuals, especially younger generations, enter the estate planning market, we must ensure that they understand the importance of professional guidance. Estate planning is not just about the immediate, but about planning for future generations and ensuring that their financial affairs are in order. At SLS Wills and More, we are dedicated to helping clients navigate the complexities of estate planning with expert advice and personalised service. Contact us today to learn more about how we can help protect your family’s future and ensure your wishes are honoured.

Image of a cat and a dog under a blanket. Article for SLS Wills and more about pets and estate planning
Articles

Estate Planning for Pet Owners: Ensuring Your Pets Are Cared for After You’re Gone

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What happens to your pets when you’re not here? For many of us, our pets are part of the family, offering companionship and unconditional love. However, when it comes to estate planning in England and Wales, it’s essential to make provisions for your furry friends, as pets cannot directly inherit money or property. Without a valid Will in place, the future care of your pets can become uncertain, leaving them vulnerable. What Happens Without a Will? If you pass away without a Will (known as dying intestate), your assets will be distributed according to the rules of intestacy in England and Wales. These rules make no provision for pets, meaning there’s no guarantee that your beloved animals will be cared for in the way you’d want. They could be left in the care of family members who may not be able or willing to take them in, or they might even end up in an animal shelter. Pets Can’t Inherit Money Directly Unlike in other countries, such as the United States, where some lucky pets have been left significant sums—such as the case of Leona Helmsley’s dog, Trouble, who inherited $12 million—pets in England and Wales cannot inherit directly under the law. This means you’ll need to make specific arrangements for their care in your Will. Options for Looking After Your Pets There are several ways to ensure your pets are taken care of after you’re gone: Ensure Your Pets Are Protected Estate planning isn’t just for distributing money and property—it’s about ensuring that the people and animals you care about are looked after. By including your pets in your Will, you can have peace of mind that they will be cared for according to your wishes. At SLS Wills and More, we can guide you through the process of creating a Will that reflects all your wishes, including the long-term care of your beloved pets. For more information or to discuss your estate planning needs, contact us today. Your pets are a part of your family—make sure they are cared for, no matter what happens.

CMA Logo
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How SLS Wills and More Safeguards Clients in Response to CMA Draft Guidelines

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Back in May the CMA introduced draft guidelines for consumer protection… Here is our take… The draft guidelines issued by the Competition and Markets Authority (CMA) back in a June are a timely reminder of the importance of transparency and consumer protection within the Will writing and broader legal services sectors. With increasing concerns around unregulated businesses providing Will writing, online divorce, and pre-paid probate services, the CMA’s investigation highlighted issues such as misleading advertising, unfair contract terms, and the exploitation of vulnerable clients. At SLS Wills and More, we fully support the CMA’s initiative to raise standards in the industry and protect consumers. Expertise You Can Trust If you’re a client you may know that Sara Sheppard, the founder of SLS Wills and More, has dedicated over 35 years to the Will writing profession and holds TEP (Trust and Estate Practitioner) status, one of the highest accreditations in estate planning. As a Fellow of the Society of Will Writers (SWW), Sara upholds the highest standards of practice and ethics in line with the SWW’s Code of Practice. These commitments offer our clients peace of mind that their legal affairs are being handled by a fully qualified and self-regulated expert. The CMA’s draft guidelines underline the importance of transparency, particularly in making it clear to clients whether a business is regulated or not. While Will writing is an unregulated service, SLS Wills and More chooses to adhere to stringent self-regulation through our membership in the Society of Will Writers. We also hold comprehensive professional indemnity insurance, providing an extra layer of protection for our clients. These steps ensure that our clients are not only fully informed but also secure in the knowledge that their affairs are being managed with the highest level of care. Upholding the Highest Standards As highlighted in the CMA’s draft guidelines, there was concern over the lack of transparency and potential consumer harm in unregulated legal services. Practices such as failing to disclose future costs, using unfair contract terms, and engaging in aggressive sales tactics are unfortunately prevalent in some areas of the industry. At SLS Wills and More, we pride ourselves on full disclosure. All our fees are communicated clearly and upfront, with no hidden charges or misleading offers. Additionally, we do not engage in pressure selling, ensuring that clients are empowered to make decisions based on their own needs and preferences. We take our responsibilities to consumers seriously. Sara’s position as a tutor at The College of Will Writing and her role on the SWW’s Professional Standards Board place her at the forefront of industry developments. This enables SLS Wills and More to stay ahead of regulatory changes and ensure our clients always receive the most up-to-date legal advice. Furthermore, Sara undertakes a minimum of 24 hours of Continuing Professional Development (CPD) every year, ensuring that her knowledge remains current with evolving industry standards. Commitment to Consumer Protection The CMA’s focus on ensuring fair contract terms, clear communication, and protecting vulnerable clients resonates strongly with the principles we have built our business upon. For instance, we make sure that clients understand all elements of the services we provide and, crucially, what we do not provide. This means we are transparent about any work that might need to be outsourced and ensure that clients are aware of the qualifications of the professionals handling their case. Additionally, SLS Wills and More does not engage in the practice of offering pre-paid probate services, in line with the SWW’s code of conduct. The risks associated with such services, as outlined in the CMA’s review, far outweigh any potential benefits. By avoiding these high-risk offerings, we protect our clients from unnecessary financial exposure and potential legal complications down the road. Looking to the Future With the CMA’s consultation ending back in June 2024 and the promise of more robust consumer protection laws on the horizon, the landscape of unregulated legal services is set to evolve. At SLS Wills and More, we welcome these developments. Sara’s wealth of experience and dedication to ongoing professional education means that our clients will always benefit from a practice that is not only compliant with today’s best practices but also poised to meet tomorrow’s challenges. The CMA’s guidance is a significant step towards raising industry standards and protecting consumers. At SLS Wills and More, we will continue to champion these values and provide clients with clear, honest, and expert services. Whether you are considering writing your Will, planning your estate, or reviewing your existing documents, SLS Wills and More is here to offer the professional, regulated support you deserve. For more information on how we can assist you with your Will and estate planning needs, please contact us at SLS Wills and More, where integrity and expertise are at the heart of everything we do.

Aquaman
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Estate Planning Lessons from Aquaman: Navigating the Depths of Inheritance and Legacy

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In Aquaman, we watch Arthur Curry’s journey as he grapples with his dual heritage—one foot on the shore as the son of a human lighthouse keeper, and the other deep beneath the waves as heir to the throne of Atlantis. Filled with underwater kingdoms, shifting allegiances, and power struggles, this DC Comics tale might seem an unlikely lens through which to view estate planning. Yet, if we translate these oceanic intrigues into a scenario under the laws of England and Wales, the story reveals timeless lessons about safeguarding one’s legacy. The Rightful Heir and Clear Instructions At the heart of Aquaman is the question of rightful succession. Arthur Curry, as the son of Atlanna (the Queen of Atlantis) and Thomas Curry (a human), possesses a claim to the Atlantean throne. However, without clear, legally binding directives, determining succession becomes an undersea tug-of-war. This echoes a common dilemma on land: if a parent passes away without a valid will, the question of inheritance can become murky, triggering disputes and, at worst, estranged family members battling over control. In England and Wales, a proper will sets out who should inherit and how. Had Atlanna left a well-drafted estate plan—detailing not just who would be her heir, but also providing for any mixed-heritage complexities—Arthur might have avoided confrontation with Orm, his half-brother, and spared Atlantis unnecessary conflict. Transparent directives in a will ensure that your loved ones know your wishes, minimising squabbles and safeguarding familial harmony, both on land and at sea. Appointing Executors and Trustees: Guardians of Your Estate In the Atlantean world, trusted advisors and loyal counsel are essential to maintaining peace and order. In your own estate plan, the equivalent of these advisers are the executors and trustees. Executors carry out the instructions of your will, ensuring that assets are distributed as intended. Trustees look after any trusts you create, managing assets on behalf of beneficiaries—much like a noble steward carefully overseeing the kingdom’s resources. With executors and trustees in place, even if the waters of life grow choppy, your estate remains on course. Should your family members become divided or uncertain, these appointed guardians can maintain stability, just as stalwart Atlantean allies help preserve Atlantis in times of turmoil. Safeguarding Children and Mixed-Heritage Families Arthur Curry is half-human, half-Atlantean—a dual identity that poses unique challenges. In England and Wales, cross-border estates or families with international ties often require additional estate planning measures. If you own assets abroad or hold citizenships in more than one country, you may need advice on creating wills that comply with multiple jurisdictions, preventing future misunderstandings or conflicts. What if Arthur, as a child, had been left without guidance or guardianship provisions in his parents’ estate plan? His upbringing and claim to Atlantis might have been far more uncertain. By naming guardians, or setting up trusts to protect assets for younger beneficiaries until they come of age, parents can ensure the welfare and stability of their children, no matter the complexity of their heritage or inheritance. Plan for the Unexpected: LPAs and Contingency Measures Atlanna’s sudden disappearance and the resulting power vacuum in Atlantis highlight the unpredictability of life’s currents. In the real world, if an accident or illness leaves you unable to make decisions, a Lasting Power of Attorney (LPA) can ensure that a trusted individual steps in to manage your finances or make healthcare decisions on your behalf. This level of preparedness not only prevents chaos but also reassures family members that someone reliable is at the helm. While Atlantean royalty have their own ways of dealing with crises, on land, drafting LPAs ensures that should unforeseen circumstances arise, your finances and personal welfare remain under responsible stewardship. A Legacy That Endures In Aquaman, Arthur’s ultimate quest is not just to claim the throne, but to bring unity, understanding, and peace between two worlds. This resonates strongly with estate planning’s core purpose: ensuring your legacy endures in a way that reflects your values, cares for the people you love, and prevents unnecessary conflict. A well-structured estate plan provides the opportunity to pass on your values—whether that’s encouraging education through a trust for a grandchild’s school fees, ensuring a family home remains in trusted hands, or supporting charities that matter to you. By taking proactive steps now, you’re ensuring that your legacy, like Atlantis’s hidden treasures, is protected and carefully guided into future generations. How SLS Wills and More Can Help At SLS Wills and More, we understand that creating an estate plan can feel as complex as navigating uncharted oceans. Our team can help you draft a will, establish trusts, appoint guardians and executors, and put LPAs in place. Together, these measures form a secure harbour against the storms of uncertainty and inheritance disputes. Ready to ensure your legacy is as enduring as Atlantis itself? Contact us today, and let us guide you through every stage of the estate planning process, safeguarding your family’s future with the same resolve and clarity that leads Aquaman to unite and protect the worlds he cherishes.

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