5 Common Estate Planning Mistakes to Avoid

Estate planning is a crucial step in securing financial stability for your loved ones. However, many, overlook key aspects of the process, leading to costly legal disputes, tax burdens and unintended consequences. Avoiding these common mistakes can help protect wealth, minimize stress for your loved ones and ensure a seamless transition of assets. Failing to […]

How to Start Estate Planning in 5 Easy Steps

Take Inventory of Your Assets and Liabilities Start by listing all your tangible and intangible assets to ensure that nothing is omitted from your estate plan which could cause legal complications for your loved ones. Tangible assets include real estate, vehicles and valuable personal possessions. Meanwhile, intangible assets, include bank accounts, investment portfolios (including cryptocurrencies), […]

I Don’t but I Will – Estate Planning for Unmarried Couples

Unmarried couples face unique challenges for estate planning. Unlike married couples, they don’t automatically benefit from spousal inheritance or tax benefits. Therefore, it’s essential for unmarried couples to proactively ensure their wishes are honoured and assets protected. Wills For unmarried couples, a Will is key for your estate planning because without one, the laws of […]

I Do and I Will – Estate Planning for Newlyweds

Getting married is a big milestone that brings new financial and legal considerations, including estate planning. This guide covers the essentials for newlyweds to consider when estate planning. Wills When you marry, any existing Will is automatically cancelled. Therefore, if you don’t make a new Will, the law of intestacy applies, and your assets may […]

10 Key Points on LPAs

The Office of the Public Guardian (OPG) claims that less than 1% of UK adults have a Lasting Power of Attorney (LPA) so here’s 10 key points on LPAs. What are LPAs? – An LPA is a legally binding document which appoints an individual (Attorney) to make decisions for you. Such decision making could be […]

Business Lasting Power of Attorney and Probate

Business owners should plan for the future with a business Lasting Power of Attorney and consideration of the probate situation in respect of their enterprise. A Lasting Power of Attorney (LPA) is a document that gives legal authority to a nominated attorney to act on your behalf, should you ever be unable to manage your […]

What is a deputyship order?

When someone becomes unable to manage their own affairs and they have not put a Lasting Power of Attorney in place, a relative or other representative can apply for a deputyship order allowing them to act on the person’s behalf. The application is made to the Court of Protection. A deputyship order can be made […]

Your Lasting Power of Attorney checklist

It is always advisable to have a Lasting Power of Attorney (LPA) in place to ensure that a trusted friend or family member can deal with your affairs on your behalf, should you become unable to manage them. We take a look at the decisions you will need to take before signing an LPA. There […]