Expert Estate Planning Services in Exeter & Cullompton
Planning for the future is essential to protect your loved ones and ensure your assets are passed on as you wish.
At Gorman Legal, Damian Gorman provides expert estate planning services, helping you make informed decisions about your wealth and how to manage it efficiently. Whether you’re concerned about inheritance tax, safeguarding your family’s future, or simply planning your estate, Damian offers clear, practical advice tailored to your needs.
With a friendly and approachable style, he ensures the process is straightforward and stress-free, giving you peace of mind that your affairs are in order. Based in Exeter, Cullompton, and Exmouth, Damian is here to help you secure your legacy.
Frequently asked Questions about Estate Planning
Estate planning involves making arrangements for the management and distribution of your assets after your death. It includes creating legal documents such as Wills and trusts, planning for taxes, and ensuring that your wishes for your estate are clearly outlined and legally binding.
Estate planning is essential to ensure that your assets are distributed according to your wishes, minimise estate taxes, avoid legal disputes, and provide for your loved ones. It also helps manage your estate if you become incapacitated, ensuring your affairs are handled according to your preferences.
A Will is a legal document that outlines how your assets should be distributed after your death. A trust, sometimes incorporated into a Will, is a legal arrangement where a trustee manages assets on behalf of beneficiaries. Trusts can offer benefits such as reducing tax and providing for special needs.
Probate is the legal process of validating a Will, administering the estate according to law, and distributing the deceased’s estate.
Minimising estate taxes can be achieved through various strategies, including making use of tax allowances, gifting assets, setting up trusts, and charitable donations. We provide tailored advice on tax-efficient strategies to help reduce the tax burden on your estate.
A Power of Attorney allows you to appoint someone to make decisions on your behalf if you become unable to do so yourself. It can be used for financial matters, healthcare decisions, or both, ensuring that your preferences are respected if you are incapacitated.
An executor is responsible for managing your estate and ensuring your Will is carried out according to your wishes. Choose someone trustworthy, organised, and capable of handling the responsibilities. It can be a family member, friend, or a professional executor.
Trusts offer several benefits, including reducing tax, protecting assets from a beneficiary’s creditors, providing for minor or disabled beneficiaries, and ensuring specific conditions are met before assets are distributed. They also allow for more control over how and when your assets are distributed.
Yes, you can update your estate plan as your circumstances or wishes change. It’s important to review and, if necessary, revise your estate plan periodically, especially after major life events such as marriage, divorce, or the birth of children.
Gorman Legal offers comprehensive estate planning services, including drafting Wills, setting up trusts, minimising estate taxes, and providing advice on Powers of Attorney and executors. We work closely with you to create a personalised plan that meets your needs and ensures your wishes are fulfilled.
Speak to Damian
Call me directly on the number below, send me an email or fill out the form. Taking the first step towards securing your legal affairs is simple. Reach out for a non-obligation consultation.
I am dedicated to making the legal process as straightforward and stress-free as possible. Don't navigate these challenges alone – contact me today and let me provide the expert legal guidance you deserve.
Our Services
Planning for the future is essential. I offer comprehensive will writing services to ensure your wishes are clearly documented and legally binding.
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Managing a loved one's estate can be challenging. My probate services are designed to handle the legal complexities, providing you with peace of mind during difficult times.
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It's crucial to have someone you trust make decisions on your behalf if you're unable to do so. I assist in setting up lasting power of attorney arrangements tailored to your needs.
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Effective Estate Planning involves more than just drafting a Will. It’s about creating a comprehensive plan that addresses your unique needs and goals.
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Later life planning involves making arrangements and decisions that affect your well-being and your financial security as you age, as well as protecting your legacy.
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A Living Will, also known as an Advance Decision, is a legal document that outlines your preferences for medical treatment in the event that you are unable to communicate or make decisions due to illness or incapacity. It allows you to specify the types of medical treatment you do or do not want to receive, ensuring that your wishes are followed. Find out more here.