Estate planning is relevant for every adult in the UK. Many people don’t plan for
their death or a life-changing illness or event.
Many people believe they have time, or it won’t happen to them, and so don’t plan.
But by making plans now, there will be financial savings and less emotional
distress later down the line.
Good estate planning should consider:
A will outlining instructions as to whom you wish to inherit, what and when.
A Lasting Power of Attorney and a Living Will to look after your interests
should you become unable to do so yourself.
Appointing a guardian for minor children.
Providing for family members with special needs, without impacting on government benefits.
Providing for loved ones who might be irresponsible with money or need future
protection from creditors or divorce.