An effective estate plan for many United Kingdom families includes creating a durable power of attorney for health care directive. It appears, however, that two-thirds of individuals across the nation fail to do so. Generally referred to as a living will, this important...
Estate Planning
Why would I need power of attorney for my aging parents?
Like anyone else in United Kingdom, you want your parents to live out the rest of their days in comfort, peace and dignity. In an ideal situation, they would live independently as long as they could, with few physical and cognitive impairments. Unfortunately, this is not...
3 Things You Can do Today to Improve Your Estate Plan
When you have taken the time to build your estate plan, you can rest easy knowing that everything is in place. However, there may be ways you can do more to prepare for the future. Here are three things you can do today to improve your estate plan: What is an Estate...
How should you treat your estate plan if you are divorced?
You have always felt the comfort and confidence of having an updated and legitimate estate plan. However, now that you and your spouse are getting divorced in United Kingdom, you may be wondering what is next. What should you modify? Should you start over? Addressing the...
Simplifying the process of setting up an estate plan
People may be hesitant to set up an estate plan for a lot of reasons, such as uncertainty over the type of plan that will meet their needs best or difficulty coming to terms with these end of life matters. However, some people push off their estate plan because they...
Should you gift assets to your beneficiaries outright?
As you are making important decisions about which assets you wish to gift to which beneficiaries in United Kingdom, you may weigh your options of how to go about the process of allowing your beneficiaries to inherit their gifts. While your final decision is one that is...
Don’t forget your estate plan during a divorce
If you are like many people who experience the breakdown of a marriage in United Kingdom, your estate plan may not be at the top of your list at the moment. It is easy to get caught up in making decisions about your home, retirement accounts, time with your children and...
Adding digital files to your estate planning for your heirs
When people in United Kingdom make an estate plan, they may focus entirely on traditional assets and possessions. Who gets the new house or the restored classic car in the garage? What about adding a beneficiary to investment accounts or deciding who inherits the family...
Do you suspect undue influence is at play?
In United Kingdom, estate planning can be a crucial step in ensuring that things get handled as you would like even after your passing. Unfortunately, there are some instances in which you may notice that undue influence is being exerted during the process of estate...
Remembering to fund your trust
Setting up a trust allows your property and assets to avoid probate and for your intended beneficiaries, such as children or other relatives you may designate, to receive the inheritance you intend. However, your United Kingdom estate plans might not turn out the way you...