Estate planning isn't just for the wealthy. Everyone should have basic protections in place to ensure their wishes are followed, their family is provided for, and their assets are distributed efficiently.
Why You Need a Will
Without a will, your estate is distributed according to intestacy rules, which may not reflect your wishes. A professionally drafted will ensures your assets go to the right people and can reduce the burden on your family.
When to Consider a Trust
Trusts are useful for protecting assets from care home fees, minimising inheritance tax, providing for vulnerable beneficiaries, and maintaining control over how and when assets are distributed.
Lasting Powers of Attorney
An LPA allows someone you trust to make decisions on your behalf if you become unable to do so. There are two types: one for financial affairs and one for health and welfare. Everyone over 18 should consider putting LPAs in place.