Write Or Update Your Will
Making a Will is one of the most important actions you will ever need to take. Your Will sets out who you want to benefit from your estate and in what way you want them to benefit.
Set Up Trusts
Setting up Trusts now to receive your assets on death will ensure that they are not passed 'absolutely' to your beneficiaries. Placing the assets in trust for your beneficiaries means that they will not form part of their estate and therefore will be protected from any potential dangers.
Assets in Trust can be:
Home/Property
Cash/Investments
Pension/ Death-in-service benefits
Life Assurance
Register Power of Attorney
At any point in your life, you may become unable to manage your own financial or medical affairs, either physically or because of a loss of mental capacity. Registering Powers of Attorney now lets you appoint the person(s) that you trust to make decisions on your behalf should you become unable to do so.
Look At How Your Property Is Owned
However, you currently own your home, in order for you to be able to pass it on to your beneficiaries - or as much of the value of it as you can - you need to ensure that it is owned in the most effective manner. With the right planning, you can protect your home against the impact of any divorce or bakruptycy and potentially the assessment of the costs of your long-term care.
Additional Services
At Assisted Estate Planning, we offer a comprehensive suite of additional services to support your estate planning needs:
1. Trust Registration Services: We handle the registration of trusts with HMRC's Trust Registration Service, ensuring compliance with legal requirements.
2. Secure Document Storage: We provide a secure facility for storing important estate planning documents, ensuring they're protected and easily accessible when needed.
3. Trust Management:
- Closure of trusts when they're no longer needed or have fulfilled their purpose
- Appointment of capital to beneficiaries according to trust terms
- Preparation of loan agreements and advice following a death
- Assistance with trust tax returns to ensure compliance with HMRC regulations
4. Professional Trustee Services: We offer professional trustee services to ensure impartial and expert management of trusts.
5. External Legal Partnerships: Through our network of legal partners, we can assist with:
- Conveyancing for property transfers
- Pre-nuptial agreements to protect assets before marriage
- Cross option agreements for business succession planning
- Establishment of Family Investment Companies for tax-efficient wealth management
Our goal is to provide a one-stop solution for all your estate planning needs. By offering these additional services, we ensure that every aspect of your estate plan is professionally managed, from creation to execution and ongoing administration.
With Assisted Estate Planning, you can trust that your estate is in expert hands, allowing you to focus on enjoying life while knowing your legacy is secure.