United Kingdom residents may want to include trusts in their estate plans whether they are wealthy or not. Trusts allow an estate to be settled without going through the costly and time-consuming probate process. Trusts can also be used to shield an owner's assets from...
Estate Planning
Decisions about good and bad assets in estate planning
A United Kingdom resident may be surprised to discover that some assets are not worth keeping, even if there are sufficient funds saved for living expenses during retirement years. Other assets are so valuable that they should be held as long as possible. The...
The importance of leaving behind a written will
While dealing with the loss of a loved one is never easy, United Kingdom residents know that the process can be a bit easier when the deceased family member leaves behind a will. According to a recent report, many individuals today do not have a written will prepared in...
Exploring the reasons for setting up a comprehensive estate plan
United Kingdom residents who have an interest in estate planning may be interested in an article discussing why it is needed. By following a few principles, a plan can be set up to help ensure that a person's estate is disposed of as they wish. An estate plan is a series...
Hoffman’s estate plan leaves assets to his girlfriend
Readers in United Kingdom may be interested to know that Philip Seymour Hoffman, the acclaimed actor who died in February following a drug overdose at the age of 46, reportedly went to great lengths to protect his children from the pitfalls of becoming overly reliant on...
Unmarried partners need protection
Couples in United Kingdom who decide to live together rather than marrying may think that their estate will automatically go to their partner without benefit of a will. The truth is, it probably will not because marriage offers several automatic protections for issues...
Estate Planning – How to Establish a Living Trust
Estate Planning - Establishing a Living TrustEstate planning utilizes a living trust legal document. Living trusts are established to provided security for loved ones after a person has passed and to ensure their assets are divided in a way they...
It’s important to review estate plans regularly
Readers in United Kingdom who are considering creating a plan to distribute their wealth may want to know that just making a plan and filing it away often isn't enough to assure that everything goes smoothly. Estate planning documents that have been drafted more than a...
Important considerations when choosing a trust administrator
United Kingdom residents who are looking into estate planning may be interested in an article discussing one vital aspect of creating a trust that is often overlooked. Determining who will administer the instrument can be an extremely important decision. When a trust is...
Steps to help avoid inheritance conflicts
Few things have more potential to jeopardize peace within a United Kingdom family than arguments over a deceased loved one's estate. A parent who gives a new spouse his or her inheritance while omitting children, for example, can cause extreme frustration and stress for...