Protect My Estate

Everyone should have a Will, but it is even more important if you have children, you own property or have savings, investments, insurance policies or you own a business. If you don’t have a will when you die, your money, property and possessions will be shared out according to the law instead of your wishes. This can mean they pass to someone you hadn’t intended – or that someone you want to pass things on to ends up with nothing.

Get in touch: 01276 986333

.

 

 

Wills-and-estate-planning-with-Asset-Harbour.png

"The advice given was concise, relevant to our needs and simple to understand - very impressed and presented in a most professional manner"

F.M - Portsmouth

 

"Thank you - straightforward, efficient and reasonably priced"

R.M - Maidenhead

Will Writing and Estate Planning

Planning what will happen to your estate means your assets will be allocated to your loved ones as you’d like them to be.

Our estate planning experts can help you draft a Will that makes it easier for your executors to pass on your wealth in the most tax-efficient way.

Trusts are an ideal way to pass on your wealth to your family and loved ones while limiting your tax liability, protecting your assets from divorce or bankruptcy and giving you flexibility to choose how they’re used.

A trust allows responsible trustees to hold assets for beneficiaries who are unable to look after their own affairs, this may be because they’re too young or they are vulnerable. It can include anything from property or insurance policy benefits to personal belongings, money or land.

A Lasting Power of Attorney (LPA) allows your loved ones to take care of you and your finances if you become unable to do so yourself.

There are two types of LPA:

"Property and Financial Affairs" LPA gives your Attorney the authority to deal with buying and selling your property, your bills, bank accounts and investments.

"Health and Welfare" LPA covers decisions about health and care and even deciding where someone is to live. This can only be used if someone is incapable of dealing with such matters themselves.

An LPA ensures that, should you be unable to manage your own affairs, the people you have appointed can manage your financial life on your behalf. This can save a great deal of money and distress, and will ensure that, as a vulnerable person, your affairs will be handled correctly and quickly.

With a Funeral Plan you choose the funeral you want, and then pay for the funeral director's services included in your plan at today's prices. Paying for your funeral today can be a good option compared to saving for your funeral as the cost of the funeral director's services are fixed at today's prices. If you choose not to pay for your funeral today, your family and/or estate will have to pay for your funeral in the future, perhaps with significantly increased costs.

 

This is one of the most important decisions you'll ever make.

 

Call us now - 01276 986333 for more information or email info@assetharbour.com

 

Top 5 ways to cut your Inheritance Tax

If you think your estate might have to pay Inheritance Tax, here are 5 simple things you can do to reduce the taxman’s cut...

Make a gift to your partner

Give to family members or friends

Put things into a trust

Leave something to charity

Take out some life insurance

 

Do you need to change your Will?

It’s a good idea to review your Will every now and then to make sure it still says what you want it to say.

You should definitely review your Will if:

  • Someone named in your Will dies.
  • You have children or grandchildren. You might want to change who gets what.
  • You get married. Marriage revokes a Will in England and Wales (but not Scotland).
  • You get divorced. Getting divorced doesn’t revoke a Will, although in England and Wales your ex-husband/wife or civil partner wouldn’t benefit from it.

Worryingly, every year the number of people in the UK that do not have a Will goes up and up. Government figures indicate that almost 30 million adults in the UK have not made a Will… are you one of them?