Professional Will Writing Made Easy
 
Securing retirement
 
Retired CoupleIf you haven’t read about the 6 basic problems we all face it will be a good introduction to this page and will refresh your memory before reading on.
 
Getting to retirement means you still have another 20 years (potentially) so if you haven’t addressed the risks, now would be a very good time!
 
The best thing you can do for your children and other beneficiaries is to preserve and protect your estate for them; if you don’t there is a very good chance they will inherit less. Putting the majority of your estate in a lifetime Discretionary Trust means it will not be subject to any Probate costs and this will save a lot of money overall (e.g. 3% probate fee on a £250,000 estate is £7,500).
 
Remain in control with your own Family Trust
  • Assets held in a Family Trust are not means-tested, which means they won’t be taken into account when calculating what you might be required to pay towards care costs
  • You ensure that you remain in control of your assets and continue to benefit from them
  • You will keep the Capital Gains Tax exemption on your house
  • You are able to nominate someone in the family to represent your interests and set out clear instructions for them regarding how your assets should be handled
  • You will also have the freedom to let your family benefit from the Trust while you are still alive to share in their pleasure
  • A Family Trust would also benefit your family by helping them to avoid the huge expense associated with distributing your estate
  • Your loved ones won’t have to deal with complicated probate procedures and Inland Revenue forms, making the distribution of your estate quick, easy and at negligible cost
  • When the Trust is ended, your assets will simply be distributed according to the terms of your Will
 
The question is, how much of your estate are you prepared to lose? And
 
 
 
Financial planning
Wills & Estate planning
Surviving Retirement
Getting the best out of your pension
Maximise returns, minimise your tax
Equity release
Enjoy gifting to family members
Leaving things ‘in order’
Protection against care home fees
Family trust benefits
Prepaid funeral plans