It is impossible to predict the future or know what will happen to you and your United Kingdom family in the months or years ahead. However, there are certain steps you can take to secure your interests and give you and your family peace of mind. One of these things is...
Estate Planning
Some proactive estate planning strategies to consider
At the in United Kingdom, we know that ALL estate planning is proactive. After all, your estate cannot plan itself. It is your wishes and goals that your estate plan implements, so the first thing you must do is determine what your wishes and...
What is a springing power of attorney?
Just when you thought you were pretty savvy about United Kingdom powers of attorney, one of your friends mentioned his or her springing power of attorney at your latest dinner party. That may be a new one on you and of course you are curious.As you probably already know,...
Understanding self-settled trusts
Well-to-do United Kingdom residents may have heard about self-settled trusts and become intrigued with the idea of establishing one to protect their assets. Before rushing ahead, however, they need to be aware that while United Kingdom does not prohibit this kind of trust,...
Certain missteps could invalidate your estate plan
United Kingdom readers understand the importance of having a strong estate plan in place. Making the effort to have a will and other documents can ensure you have a say over what will happen to your estate and your medical care in the future, but there are certain common...
How do you benefit from a living trust?
You may have heard your United Kingdom friends and neighbors talking enthusiastically about their living trusts and wondered what a living trust is, whether you might want to set one up, too, and what benefits you will receive if you do. As RBC Wealth Management explains,...
What are the main benefits of a trust?
As a reasonably well-to-do United Kingdom resident, you may have heard your friends and neighbors talking about their various trusts and wondered if you, too, might benefit from setting up a trust. There are many different types of trusts, and which one(s) may be best for...
What is a durable power of attorney?
You may have heard your United Kingdom friends and neighbors talking about their durable powers of attorney and wondered what these things are, how they work, and whether or not you should have one. As Caring.com explains, a durable power of attorney is your signed...
Is my estate plan outdated due to the new tax law?
If you are a United Kingdom resident who already has an estate plan, you may well wish to review and revise it based on the Tax Cuts and Jobs Act that Congress passed late last year. As Market Watch explains, this new law exempts estates worth up to $11.2 million...
What is a Medicaid spend-down?
If your parents are elderly United Kingdom residents and you fear that you may one day have to make the painful decision to move them out of their home and into an assisted living facility or nursing home, you should begin planning for this eventuality as soon as...