OLS Solicitors Blog

How OLS Solicitors Help Baby Boomers with Estate Planning | Great Wealth Transfer

By Lucy Batstone on December 13, 2024

Advice on estate planning for baby boomers

How Solicitors Can Help Baby Boomer Clients Manage the Great Wealth Transfer

The “Great Wealth Transfer” is a term used to describe the historic transfer of wealth from baby boomers to younger generations, with over £5.5 trillion expected to be passed down by 2050. This shift presents challenges and opportunities for families planning their estates and the professionals who support them.

How OLS Solicitors Can Help

At OLS Solicitors, Lucy Batstone specialises in guiding baby boomer clients through the complexities of estate planning, ensuring their wealth is transferred smoothly and according to their wishes. Here’s how she can help:

1. Simplifying Estate Planning

Many people find estate planning overwhelming. Lucy helps clients draft clear, legally sound wills and establish trusts to protect their assets. She ensures everything is in place to prevent disputes and unnecessary stress for loved ones.

2. Minimising Tax Liabilities

Taxes can significantly reduce the value of inherited wealth. Lucy works with clients to explore options like gifting assets, setting up tax-efficient trusts, and making charitable donations to minimise inheritance tax and protect beneficiaries.

3. Encouraging Open Family Discussions

Talking about inheritance isn’t easy, but open communication can prevent misunderstandings. Lucy helps clients have these important conversations, ensuring everyone understands the plan and feels included.

4. Preparing for Long-Term Care Costs

Planning for future care needs is an essential part of managing wealth. Lucy helps clients account for these costs to avoid unexpected financial strain later in life.

Why Choose OLS Solicitors?

With years of experience and a client-focused approach, Lucy and the team at OLS Solicitors make the estate planning process straightforward and stress-free. They work closely with clients to create tailored solutions that ensure their wealth is preserved and passed on as intended.

If you’re looking for professional guidance on managing your estate, contact OLS Solicitors today. We’re here to help you every step of the way.

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OLS Solicitors Blog

Navigating Grandparents’ Rights in England and Wales: A Guide for Families

By Peter Thomas on April 26, 2023

We understand that grandparents play a significant role in the lives of their grandchildren, and you may have concerns about maintaining contact with your grandchildren following a family breakdown. In England and Wales, grandparents do not have automatic legal rights to see their grandchildren, but there are circumstances in which they can apply to the court for access. This post aims to provide an overview of grandparents’ rights in England and Wales.

Grandparents’ rights refer to the legal rights that grandparents have to maintain contact with their grandchildren. However, it is important to note that grandparents do not have an automatic legal right to see their grandchildren in England and Wales. Instead, grandparents can apply to the court for a Child Arrangements Order. This order sets out who a child should live with, spend time with, and have contact with.

To apply for a Child Arrangements Order, grandparents need the permission of the parent or guardian of the child or must have already been granted leave to apply by the court. Once the application has been made, the court will consider the best interests of the child when making a decision.

When considering a grandparent’s application for a Child Arrangements Order, the court will look at a range of factors, including the child’s welfare, their relationship with their grandparents, and the wishes and feelings of the child. The court will also consider any risks to the child’s safety and well-being.

It is important to seek legal advice before making an application for a Child Arrangements Order as this can be a complex and emotional process. A lawyer can advise you on the legal process and the likelihood of your application being granted. They can also provide guidance on the best approach to take and the evidence required to support your application.

In conclusion, while grandparents do not have automatic legal rights to see their grandchildren in England and Wales, they can apply to the court for access. However, it is essential to seek legal advice before making an application. Grandparents play an important role in the lives of their grandchildren, and it is important to ensure that they can maintain contact when it is in the child’s best interests.