Estate planning is one of the most vital steps you can take when it comes to putting your affairs in order later in life. At LawPlus Solicitors, our estate planning specialists can help you with everything from writing or updating your will, to advice on how to set up a trust, appoint a lasting power of attorney, or find a suitable funeral plan that meets your needs.
Ensure your estate and legacy are dealt with in accordance with your wishes with LawPlus Solicitors.
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Estate Planning FAQs
Nobody needs an estate plan, but it is definitely worth having one, even if your estate will consist of just your property and some cash.
Having an estate plan is the only way to ensure your assets are managed and distributed in full accordance with your wishes upon your death or should you become unable to make decisions for yourself.
While people typically do not start thinking about having an estate plan until later in life, it is worth having one in place from the moment you start acquiring assets or have children. Some financial advisors even suggest creating your first estate plan when you turn 18, and then adapting it periodically or as your circumstances change.
Although having an estate plan in your 20s and 30s, for example, may not seem necessary, it could be vital for ensuring an unmarried spouse can inherit your assets or that any children under 18 are looked after in accordance with your wishes should you pass away.
An estate planning lawyer specialises in all elements of estate planning.
Contact LawPlus Solicitors to speak with our estate planning legal specialists and get the advice and guidance you need to put your final wishes in place.
A will is a specific legal document that you will usually prepare as part of the wider estate planning process.
If you do not have a complex estate, then a will may be the only document you need to prepare. However, estate planning may also include the creation of a trust or even taking specific actions such as making charitable donations or gifting cash or assets to loved ones.
It depends on the specific services you need and what exactly you are looking to put in place.
Contact LawPlus to discuss your estate planning needs and to get a quote.
Estate planning helps you ensure that your assets are managed and distributed in accordance with your wishes.
Without an estate plan, the rules of intestacy will apply to your assets upon your death, meaning your estate may not be distributed how you would like. Without an estate plan, you also may not get the funeral you want, and those who inherit your assets could face a significantly larger inheritance tax bill than they may have done had a plan been in place.
Estate planning is the process of determining how you wish for your assets to be managed or distributed in the event of your death or becoming unable to make decisions for yourself.
Estate planning can involve various elements, including writing a will, setting up a trust, taking actions that will help your beneficiaries minimise inheritance tax upon your death, and even setting up a funeral plan.