Estate Planning Services:
Secure you and your family's legacy

Control What Happens To Your Estate

We all have an estate, whether large or more modest, your car, home, bank accounts, investments and possessions all makeup what’s known as your estate. And the one thing we all have in common is that we can’t take it with us when we pass.

At its most, basic an estate plan lays out what happens to your estate, how and when things are distributed to those who you care most about. A plan is usually made up of a Will and a Lasting Power of Attorney but often includes various Trusts, Funeral Plan and Probate solutions depending on your needs.

This means that you have a clear and detailed plan which explains how you’d like your estate to be managed upon your dead. It will be incredibly helpful for your loved ones who can then arrange your affairs accordingly and can also reduce your beneficiaries final inheritance tax bill.

There is no one-size-fits-all estate plan as it depends on your individual circumstances. But with our assistance, we put together a plan which works for you. Taking into account your particular situation and help you understand the different options available to you.

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The Wright Wills Way…

Our highly-trained consultants are specialists in Trusts, Wills, Lasting Powers of Attorney and other areas of Estate Planning.

Our Consultants take the time to get to know you and your personal circumstances and wishes and will make sure everything is explained clearly and concisely in a way you understand in the comfort of your own home.

We offer a friendly, professional service, with no call centres, you deal directly with our advisors at a time and place most convenient to you.

Benefits of having an estate plan:

Reduce tax and other costs

With planning advice it is possible to reduce the amount of inheritance tax owed on your estate, as well as fixing the cost of probate now will mean more passes on to your loved ones.

Avoid future mess for your loved ones

Making your wishes clear and in a legally binding estate plan avoids any future problems and misunderstandings which may occur when you pass, preventing family strife or costly legal battles.

Assets distributed as you decide

Assets distributed how, when and to whom you decide Decide not only who you’d like to benefit from your estate, but also when and under what conditions. Giving you full control over what happens to your legacy.

Protection for future circumstances

None of us knows what the future brings, and many inheritance problems occur when personal circumstances change, but inheritance plans don’t account for them. Having a proper estate plan in place will protect you.

What’s next?

    • Work Out The Value Of Your Estate

      The first step in any estate plan is to work out what assets you own and the value of your estate. That includes bank accounts, pensions, shares, other investments and any inheritances received. It also includes personal property such as your house, any other properties, and even things such as cars, collectables, jewellery and other items of value.

 

    • Work Out How You’d Like Your Assets Divided

      Think about your families needs, do you have minor children who need to be taken care of? What about your spouse if you were to pass before them. Would you like one child to inherit your property and the other cash? Do you want to give your beneficiaries a lump sum or wish to have more control over it? Map out how you’d like your estate divided, and we can come up with a plan which covers those wishes.

 

    • Think About How To Divide Your Other Property

      What about your other belongings? Do you have a classic car you’d like to pass on? Have any of your beneficiaries expressed an interest in inheriting anything you own like a particular piece of furniture? What about jewellery? Speak to your family and see if there is a specific heirloom they like.

 

    • Prepare For If You Become Mentally Incapacitated

      An estate plan doesn’t just cover what happens in death, it can also include what happens if you lose the ability to make your own decisions. If that happens, your family won’t be able to make financial and health decisions without you registering a Lasting Power of Attorney first. Think about who you’d trust to make those decisions.

 

    • Create A Plan For What You’d Like To Happen After You Die

      Think about your funeral arrangements, burial or cremation, or fired from a cannon – whatever you want you can outline these in your estate plan. So if there is a particular piece of music you’d like played or colour you’d like people to wear, then these can all be included. As the cost of dying is rising, it’s a good idea to plan how to pay for your send off, so your loved ones aren’t left with the bill. This could be done by taking out a funeral plan or setting aside funds from your estate.

 

    • Gather Together Your Digital Logins And Passwords

      Often overlooked but in this day and age, it’s essential to add your digital logins and passwords, such as your phone passcode or email accounts. Key information such as friends contact details and documents are often stored in these, and it’s difficult to gain access without login details. So including them in your estate plan and authorise someone you trust to be responsible for them.

 

  • Speak To Us

    Get in touch with us, and start putting your plan into place. We can take you through the many choices that you’ll need to make to create an estate plan which works for you and your family when it’s needed.

Get in touch and start putting together your estate plan

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