Without a Will, you will die intestate.
What does this mean? Simply put, you run the risk of your estate passing to people you had no intention of leaving it to. Furthermore, if you have children who will look after them?
By writing a Will, you can decide on your choice of executors, beneficiaries and guardians to make sure that your estate is dealt with in line with your wishes.
A Trust is way of passing an asset from one person to another. In terms of estate planning, Trusts can be used as another layer of protection to make sure your assets are passed to the right people in a tax efficient way and in line with your wishes.
There are many different types of Trust so it’s important to get specialist advice to make sure you get the solution that is right for your needs.
Lasting Powers of Attorney
Who do you think will make decisions for you if you lose capacity thought illness or injury? Your Spouse? Your Partner? Your Family? A Friend? No – The Office of Public Guardian. If you would prefer to have the choice on who should make important decisions on your health, wellbeing or financial affairs, you need a Lasting Power of Attorney.