Scroll down to read helpful articles on a wide range of estate planning topics, or use the search button to find answers to a specific query.
What is Deputyship?
A Deputy is one or more people appointed by the Court of Protection (CoP) to make decisions on behalf of another who cannot do so themselves. The good news is that it’s easy to avoid expensive and stressful involvement with the slow, and bureaucratic CoP.
Read on to find out how Lasting Powers of Attorney are invaluable.
What is a discretionary Will trust?
A discretionary Will trust is like a gift box for your assets. With this legal trust arrangement, your trustees (people you choose because you trust them) have the legal power to decide how your assets are distributed among your beneficiaries. Your words, either verbally or in writing, guide their actions.
Let’s look at some of the situations where a discretionary Will trust could be advantageous.
Does a Will last a lifetime?
As life moves forward, your Will may need to be updated to ensure it represents your wishes and intentions. Life has an inevitable conclusion. We can’t know our expiry date. It’s sensible to plan for now and review your plans if your circumstances change.
How do I choose a Will writer?
Did you know anyone can call themself a Willwriter? Estate planning is not regulated like other legal and financial services, so take care when choosing the firm to write your Will. Here’s what to look for:
How often should I review my Will?
Reviewing your Will at key times in your life is crucial and any amendments are made promptly as your circumstances change.