Estate Planning

Residents of United Kingdom should keep in mind that estate planning is a lifelong endeavor, and an individual should periodically return to and update their estate plan. A young, single individual should have documents that give someone the ability to make health care...

For United Kingdom newlyweds, estate planning may be the furthest thing from their minds. However, some simple steps may help to protect assets and ensure that a couple's estate is treated in the right way should unexpected circumstances arise. One simple fix that newly...

Some of the biggest changes in people's lives might necessitate a change to one's will. Comprehensive estate planning could be beneficial to loved ones when someone passes away, but if one creates a plan when they are young, they will likely want to change the terms...

In United Kingdom, one of the best ways to plan for the future is to create a will. Wills are legal documents that direct how a person's estate will be distributed after they have passed away. Without a will, the distribution of a decedent's property will be conducted by...

People who are deciding how to handle their estates may have heard of trusts but may be uncertain of exactly what trusts do. Because their uses are diverse, there are also many different types of trusts available. The type of trust a person may choose to establish...

It is very important for every adult who resides in United Kingdom to have a legal will prepared because without one, the decedent's assets will be automatically distributed by a court according to the state's laws. In most cases, the assets will go to the decedent's...

As many United Kingdom residents may know, life events may necessitate changes in a person's will. This may be done by rewriting the original will to ensure that the decedent's wishes are followed. Knowing when a will needs to be changed and keeping it updated is...

United Kingdom residents with assets of $100,000 or more may be wise to consider using trusts as part of an estate plan. Trusts allow an individual to stipulate when and how their estate will be distributed, and they can provide peace of mind by ensuring that all heirs...

Some United Kingdom couples who are planning their estates may have assets above the estate tax threshold. In order to entirely avoid or reduce estate taxes on amounts beyond the level of exclusion, many people choose A-B trust planning, a type of irrevocable trust than...

United Kingdom residents who are making estate planning decisions can learn from the recent mistakes of celebrities. The importance of keeping documents updated is one thing that is illustrated in these high-profile cases. While a will may be sufficient estate planning...