You’re 18 yrs or older. Maybe you’re newly married, or have just had a child or bought a new home. You might have just inherited some money or got divorced, been bereaved or become a grandparent.
You might be about to start a new business, sell your old business or retire.
You’ve worked hard, saved and invested and built up your family wealth. You understandably want to protect your assets, and your family, against unknown problems that might arise.
Your children might still be minors or be vulnerable or disabled or in an unhappy relationship.
Your family might include children from previous relationships, and it’s natural to worry about how the different parts of the family can benefit fairly from your estate after you have died.
Every person’s situation is unique, and everyone has different worries and different objectives.
A Will is the cornerstone of your planning. It can protect your estate and provide for your partner, your joint children and any children you may have from a previous relationship.
Without a Will, the Intestacy provisions are unlikely to provide for your family in the way that you would choose and they frequently lead to children being disinherited and unnecessary Inheritance tax liabilities falling due.
Lasting Powers of Attorney should be done at the same time as a Will if you don’t already have them in place. You are never too young to do an LPA – an accident or sickness can strike any of us at any moment. It will provide for the time when you might have had that accident and lost capacity, or just be temporarily out of action or away on holiday.
Tax planning allows you and your family make the most of the wealth you have accumulated and keep your Will up to date on all allowances and tax reliefs that might be available.
I have compiled a selection of frequently asked questions. If you have any questions that I haven’t covered, please get in touch and I’ll be happy to help.
People often say that getting started is the hardest part of all. Because you are reading this, you should feel encouraged that you have already begun the process, and my job is to help you from here. Simply pick up the phone and call me or drop me a short email.