Estate Planning

News on the latest legal developments in estate planning, together with information for those looking to make a Will, reduce their Inheritance Tax liability and protect their estate from care fees and other threats.

Why you need a Will and a Lasting Power of Attorney

Wills and lasting power of attorneys are very useful and necessary documents that serve different purposes. Wills protect the interests of your beneficiaries after you have died, whereas the lasting power of attorneys protects your interests during your lifetime. The moment you die, the power of attorneys cease, and your Will becomes relevant. See outlined below some additional reasons for making these documents, which you may not have thought about. Five reasons why you should make a Lasting Power of …

Read MoreWhy you need a Will and a Lasting Power of Attorney

11 reasons to make a Will

There are many good reasons to make a Will and keep it updated, in contrast with your estate being distributed on ‘intestacy’ rules. For example: Guardians: You can appoint guardians for your minor children rather than leave who will care for them to chance. Find out more about appointing a guardian. Funeral wishes: You can set out your funeral wishes. Even if you really have no preference, this can remove a lot of stress for loved ones who otherwise have to …

Read More11 reasons to make a Will

2020 Budget: family homes still at risk from care fees

Chancellor

If the Tories meet their promise to tackle the issue of social care in the coming months, it won’t be what people are expecting. Couples should not delay in protecting what they have but need to do this the right way – and the fair way.